Industries

By Marc Berger, CPA, JD, LLM, Alex Lifson, MBA, MST, Norma Sharara, JD, and Joan Vines, CPA In June 2020 the IRS proposed regulations under

By Tammy Ricciardella, CPA On September 17th, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU), 2020-07, Presentation and Disclosures by Not-for-Profit Entities

By Tammy Ricciardella, CPA Many nonprofits receive contributions of both cash and non-cash gifts and are often hesitant to refuse any donations offered. However, there

By Tammy Ricciardella, CPA Many nonprofit organizations receive a variety of gifts-in-kind (GIK) that provide them with resources to supplement their programming. GIK represent a

By Marc Berger, CPA, JD, LLM and Katherine Gauntt It’s been more than a year since the Supreme Court announced the landmark decision in the

By Amy Guerra, CPA As calendar year end nonprofits have worked through the implementation of Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation

By Susan Friend, CPA The Governmental Accounting Standards Board (GASB) issued Statement No. 91, Conduit Debt Obligations, in May 2019 to attempt to eliminate diversity

By Norma Sharara, JD, and Joan Vines, CPA The IRS recently expanded two existing programs for tax-qualified retirement plans—the Employee Plans Compliance Resolution System (EPCRS)