By Michael E. Mast, CPA, CFE The 2018 Report to the Nations shows there has been an increase in the per-incident losses among nonprofits over the past two years. According to the 2016, report religious, charitable, and social service organizations were experiencing a median fraud loss of $82,000 based on the ACFE’s 2016 report, and that number rose to $90,000 … Continued
The City of Atlanta has gotten a great deal of unwanted publicity since it fell victim to a ransomware attack in March 2018.
In early May 2018, the Internal Revenue Service (IRS) introduced a new tool called the Tax Exempt Organization Search.
Many people think that nonprofit organizations (NPOs) are immune to changes in regulations affecting income tax.
In September 2015 the IRS proposed regulations that would change the gift substantiation rules.
In an effort to better serve the nonprofit community, the AICPA’s governing Council voted to broaden Section membership requirements for non-CPA Associates. Those who have management or governance responsibilities with respect to a nonprofit, including those who serve as board members or as volunteers, are eligible to join the AICPA as a non-CPA Associate.
Nonprofits have enough to worry about when it comes to funding and running the organization. The greatest benefit in hiring an intern is it does not need to cost anything at all.
By Jonathan Moll, CPA – Keeping your finger on the pulse of emerging issues is critical in managing IRS compliance with exempt organization regulations.
Posted by Jonathan D. Moll, CPA I was somewhat relieved that April 1st fell on a Sunday this year. This meant that the volume of intra-office April Fool’s pranks was greatly reduced. I did not have to exercise extreme caution when opening my desk drawer. Nor did I have to verify the authenticity of emails from the office manager claiming … Continued
Posted by Saaib Uppal Who came up with the proverb, “You can’t have your cake and eat it too?” While history doesn’t give a definitive answer, we can start by checking the archives of the Internal Revenue Code. Why, you ask? Well, I was recently asked if someone could deduct a charitable contribution for donating the right to use their personal vacation home for 1 … Continued