Not-For-Profit Financial Reporting Changes
Financial reporting for not‐for‐profit organizations has not changed significantly in [...]
2017 Tax Cuts Act: What it Means
The Tax Cuts and Jobs Act was signed by President [...]
Dashboards: Creating and Implementing a Financial Dashboard Relevant to Nonprofits
A high-level concise graphical presentation can be created and used to track Key Performance Indicators (KPI; metrics that impact the business).
Discounts on Future Purchases Make for Tricky Deductions
Retail businesses will sometimes run customer loyalty programs that offer discounts on future gasoline purchases after qualifying purchases are made which customers may end up not using before the expiration date. The IRS says that you cannot deduct these discounts on your business income tax return until they are actually applied to purchases. Despite the IRS stance on this issue a taxpayer was able to win a case against it in the Third Circuit Court recently which reiterated the fact that this is a complicated issue.
How To Track Mileage via Mobile Apps
As you may know, many people are opting to use [...]
Eliminate Anxiety With New Time and Effort Rules
New single Audit guidelines due out later this year have [...]
Executive Director Evaluation
As many nonprofits year end approaches, Boards of Directors should [...]