8 Tips for Running a Valid Accountable Plan

Posted By Saaib Uppal, Staff Accountant If you are managing a nonprofit company that carries an accountable plan for employee business expense reimbursements, you should ensure that you are in compliance with IRS requirements.    Not being so will leave you at risk of having to add reimbursed expenses as earnings on the employee’s W-2 form.  Below is a quick summary … Continued

I Have a Question – What Accounting Issues Are Troubling You?

Posted By Jonathan D. Moll, CPA I am constantly reminded of a conversation I had with a “well-seasoned” CPA that I had briefly met at an industry conference. The seminar was leading up to the implementation of SAS 112. The underlying message being stressed was that, in order to avoid a potentially negative management letter, there was a need to … Continued

Let’s Get Ready to Rumble….Defined Benefit Plans vs. Defined Contribution Plans

Posted By Chris Ciminera, Supervisor I have been auditing a nonprofit organization for a few years now. The organization currently has a defined benefit plan and this year I was asked by our contact at the organization to provide some information on switching from a defined benefit plan (DB) to a defined contribution plan (DC). Specifically the organization was looking to switch … Continued

Is Your Copier Spying on You?

Posted by Christina K. Bell More than ever I am seeing my smaller nonprofit clients go from a paper to a paperless environment. This switch may include employees scanning in documents such as donor information, copies of donor checks, and company bank statements directly from their copier to their computer system. This is great for efficiency and productivity but did … Continued

The Gift of Receiving

Posted By Christina K. Bell I can’t believe as I write this there are only six more days to Christmas. With three children 10 and under it is a statistic that I was well reminded of this morning as my son gobbled down the piece of advent candy he had forgotten to eat the night before. While this time of year … Continued

The Personal Rewards of Volunteering

Posted By Christina K. Bell When I began working with nonprofit organizations on an ongoing basis several years ago I never could have imagined the impact these organizations would have on my life. When I saw firsthand the outpouring need for the services nonprofits offer and how exceptionally well these services are performed, very often on limited means, I couldn’t … Continued