nonprofit.belfint.comNonprofit Accounting | OMB A133 Audit | Nonprofit CPA
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Title:Nonprofit Accounting | OMB A133 Audit | Nonprofit CPA
Description:Review the Nonprofit Ledger which provides resources and information on nonprofit issues and resources - BLS CPA - Nonprofit CPA
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') You are using an outdated browser. Please upgrade your browser to improve your experience. Search site Toggle navigation The Belfint Nonprofit Ledger Contact Us Nonprofit Services NPO Team Why Blog? Submit RFP IRS Repeals “Parking Lot Tax” on Nonprofit Employers Posted by Jonathan D. Moll, CPA When the IRS signed the Tax Cuts and Jobs Act (TCJA) into law in December 2017, there were certain provisions directly affecting nonprofit organizations. The most widely debated topic of that act affecting the Nonprofit industry was, without doubt, the assessment of unrelated business income tax (UBIT) on certain transportation fringe benefits that nonprofits … Continued Tax Exempt & Government Entities Fiscal Year 2020 Compliance Program Posted by Robert E. Mattern, CPA In October of 2019 the IRS Tax Exempt & Government Entities (TE/GE) division issued its Fiscal Year 2020 Program Letter. The Program Letter discusses the TE/GE’s priorities and key areas of focus for the upcoming year. It is also meant to aid in TE/GE’s mission of providing their customers (you!) top quality service by … Continued Is Venmo Fundraising the Next Big Thing for Nonprofits? Posted by Michael H. Abernathy Jr., CPA In a world of constantly changing donor demographics, nonprofit organizations need to be innovative when it comes to fundraising. According to a research study done by the Pew Research Center, millennials surpassed both boomers and gen-x’ers in 2016 to become the largest generational cohort in the U.S. workforce; this makes a societal wealth … Continued Essential Resources for Delaware Nonprofits Posted by Jonathan D. Moll, CPA Managing a nonprofit organization can be a challenging task. It takes passion and drive to create, refine, and implement programs that serve the community or members. Whether it’s a trade association of Delaware dentists or an organization that delivers supplemental educational services to Wilmington’s youth, the challenges are many. For example, managing volunteers, attracting … Continued Board Size: Achieving the Right Number of Directors Posted by Michael H. Abernathy, CPA Of the many decisions that a nonprofit organization needs to make, setting standards for board-member size may not be at the top of the priority list; yet this decision is critical for the health and competence of the entire organization. Bylaws specifying an ideal range for board size, rather than establishing a fixed number … Continued How Does ASU 2016-13: Financial Instruments – Credit Losses (Topic 326) Impact Nonprofits? Posted by Christina K. Bell, CPA Accounting Standard Update (ASU) 2016-13: Financial Instruments – Credit Losses (Topic 326) – An Overview for Not-for-Profit Organizations Accounting Standard Update (ASU) 2016-13: Financial Instruments – Credit Losses (Topic 326) was issued in June 2016 and becomes effective for nonprofit entities for fiscal years beginning after December 15, 2020, and interim periods within fiscal … Continued ASU 2016-14 – Presentation of Operating Cash Flows Posted by Christina K. Bell, CPA In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-14 (ASU 2016-14) to make improvements to the communication of information on not-for-profit financial statements. ASU 2016-14 is effective for not-for-profit organizations with annual reporting periods beginning after December 15, 2017 (calendar year 2018 or fiscal year 2019). ASU 2016-14 focuses … Continued ASU 2016-14 – Liquidity and Availability of Resources Posted by Christina K. Bell, CPA In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-14 (ASU 2016-14) to make improvements to the communication of information on nonprofit financial statements. ASU 2016-14 is effective for nonprofit organizations with annual reporting periods beginning after December 15, 2017 (calendar year 2018 or fiscal year 2019). ASU 2016-14 focuses … Continued New Progress with Tax Exempt & Government Entity Compliance Strategies A new year means lots of new changes. ASU 2016-14 – Investment Return In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-14 (ASU 2016-14) to make improvements to the communication of information on not-for-profit financial statements. ← Older posts Archives 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Links Subscribe by Email Belfint Web Site Employee Benefit Plan Audit A Matter of Tax Categories Best Practices Community Service Employee Benefits ERISA Financial Reporting Fundraising Governance and Management Industry Trends Internal Controls IRS Legislation Marketing Risk Management Tax Compliance Technology Uncategorized Volunteering © 2020 Belfint Lyons & Shuman | All Rights Reserved | Legal Belfint Lyons & Shuman is a certified public accounting firm that focuses on serving the tax, audit, accounting and advisory needs of nonprofit organizations in Delaware (DE), Philadelphia (PA) and Chester County (PA). Our team has experience conducting yearly audits, reviews and compilations, Form 990 preparation, A-133 audits, nonprofit succession planning, employee benefit plan audits, forensic accounting, outsourced accounting and QuickBooks Consulting....
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