Surveilling new EU privacy rules
Data protection regulations include U.S. nonprofits Most U.S. nonprofits have [...]
FASB issues new accounting rules for contributions and grants
Accounting for contributions and grants has often proven complicated for [...]
Take another look at telecommuting
These days, everyone seems to be working remotely from their [...]
Upcoming Changes to Revenue Recognition for Nonprofits
Revenue recognition for Nonprofits could change drastically. Several changes have [...]
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.