By Deena Coffman, GSEC, CIPP/US, CIPP/E, CIPM, FIP Most nonprofit organizations collect, use and store “personal information” of donors and staff. There are well over 200 laws, just in the United States, that mandate protections of this information and apply, in whole or in part, to nonprofits. All nonprofit entities should understand the requirements that […]
About John Templeton
John Templeton is a Partner with Templeton & Company and leads the firm’s Audit and Accounting Services Division. He is an experienced provider of accounting, auditing, and advisory services for private enterprises in a variety of industries including real estate, nonprofit, educational institutions, healthcare, manufacturing, and distribution.
Entries by John Templeton
By Joyce Underwood, CPA The IRS has recently added new issue-specific guidance regarding charities and nonprofits in the form of “Snapshots.” The guidance is a result of internal collaboration and provides fresh insight and perspective to agents on compliance areas to help them effectively and efficiently perform their work. These IRS employee job aids are […]
A feature examining the role of private equity in the real estate sector. Brick & Mortar Retailer Woes Raise Concerns Despite Spiking M&A Activity The retail model is undergoing a transformation that presents opportunities and risks for the real estate industry. Driven by changing consumer expectations about brand experience and convenience, traditional retailers are scrambling […]
By Brandon Landas and Jan Herringer In mid-March, leaders throughout the industry gathered in sunny California for NAREIT’s annual Law, Accounting & Finance Conference. Presentations spanned financial, accounting, tax, legal and political issues for REITs and real estate companies. Here are some of the event’s top takeaways from REITWise 2017. Accounting for New Standards: Lease […]
By Lee Klumpp, CPA CGMA Most nonprofits rely on an investment committee to oversee their investment portfolios. This oversight group can have a big impact on real long-term wealth preservation and ensuring resources are available to realize organizational goals and aspirations. These best practices are consistent with the fiduciary duties of care, loyalty and obedience, […]
By David Patch Organizations described in sections 401(a) and 501 are generally exempt from federal income tax, except with respect to income from businesses that are unrelated to their tax-exempt purpose, known as unrelated business taxable income (UBTI). Rents from real property are specifically excluded from UBTI, making rental real estate partnerships a potentially attractive […]
By Robert Kaelber, J.D. With tax filing season well underway, organizations of all sizes are beginning to identify areas of potential noncompliance and, for nonprofits, a common culprit is employment tax issues. The IRS has emphasized employment tax compliance during its tax-exempt audits for many years. As we’ve noted in multiple prior Nonprofit Standard blog […]
By Ian Shapiro Technology has been a disruptive force in most industries and sectors over recent years. But in the real estate and construction (REC) sector, widespread adoption of new technologies has lagged somewhat. Indeed, the adoption of technology in property – or ‘PropTech’ – has fallen a little short of its anticipated take-up. For […]
By Lewis Sharpstone, CPA Ensuring sustainability is a top priority for almost every nonprofit organization. But one sometimes overlooked piece of the sustainability puzzle is managing critical external relationships and ensuring their longevity. This is especially important in a climate characterized by pervasive change. As we’ve covered in our Nonprofit Standard blog posts, executive retirements […]
By Laura Kalick, JD, LLM in Taxation The 2017 Internal Revenue Service (IRS) Joint TE/GE (Tax Exempt and Government Entities) Council Meeting was held in Baltimore in February. These annual meetings were designed to maintain open communication between practitioners and the IRS TE/GE Division. Attendees include members of the five regional TE/GE Councils. Each regional […]
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