Not-for-Profit

Not-for-Profits: Identifying Conditions in Contributions

On June 21, 2018, the Financial Accounting Standards Board (FASB) issued ASU 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Made. The…

Sikich Series on Tax Reform: IRS Issues Guidance on New UBIT Rules for Exempt Organizations

The Internal Revenue Service (IRS) recently released Notice 2018-67 (Notice) providing guidance for tax-exempt organizations on the treatment of Unrelated Business Income Tax (UBIT)….

Mark Miller Featured in Kiplinger

Mark Miller, CPA, was featured in a Kiplinger article about charitable giving strategies. Mark is a partner of the firm and specializes in tax…

IRS Updates Draft of 2018 Form 990

The passing of the Tax Cuts and Jobs Act (the Act) has incited the addition of two questions to the IRS’s draft of the…

Sikich Series on Tax Reform: IRS Releases Guidance for Tax-Exempt Organizations on New UBIT Rules for Separate Trades or Businesses

The focus on last year’s “Tax Cut and Jobs Act” (“TCJA”) was on business tax matters. There were, however, also several significant changes impacting…

Potential Relief for Not-for-Profit Organizations Expected to Pay Taxes on Transportation Fringe Benefits/Parking

Effective since January 1, 2018 and under guidance of the Tax Cuts and Jobs Act of 2017, tax-exempt organizations will pay an Unrelated Business…

FASB Proposes Accounting Standard Update

Proposed Standard Addresses Diversity in Accounting Practice that Exists Between the Application of the Definition of Collections On June 26, 2018, the Financial Accounting…

What Donors & Charities Need to Know About the 2017 Tax Reform Act

Download our guide on what donors and charities need to know about the 2017 Tax Reform Act and the tips they need to navigate…

IRS Takes Closer Look at Exempt Organizations Employment Tax Compliance

The IRS is adding new areas of focus for employment tax examinations and tax-exempt organizations are being closely considered. The IRS Tax Exempt and…

Jennifer Casacchia, CPA, Selected for AICPA Not-for-Profit Section Advisory Council

Jennifer Casacchia, CPA, is one of five individuals recently selected to the American Institute of Certified Public Accountants’ (AICPA) Not-for-Profit Section Advisory Council. By…

Sikich Series on Tax Reform: Tax Planning Strategies for Charities & Donors

The historic tax reform act signed by President Trump on December 22, 2017 impacts charities and their donors alike. These new rules will require…

Not-for-Profits and Restricted Assets: What You Need to Know

Not-for-profit organizations are required to follow specific guidelines when it comes to accounting and financial reporting—particularly when involving restricted assets. Jennifer Casacchia, an audit…

Filing EO Applications? Expect These Changes in Early 2018

If you’re filing EO applications next year, you may see some additional questions and boxes on your forms. Soon, the IRS will revise Form…

Sikich Series on Tax Reform – How the Tax Reform Affects the Not-for-Profit Sector

Since the release of the H.R. 1, “the Tax Cuts and Jobs Act” (the Bill), not-for-profit organizations have been looking for the silver lining…

Not-for-Profit Tax Update

In this NFP Tax Update, we’d like to remind clients of three notable updates for organizations filing for tax year 2016, and beyond. Summary…

Not-for-Profit

Not-for-Profits: Identifying Conditions in Contributions

Sikich Series on Tax Reform: IRS Issues Guidance on New UBIT Rules for Exempt Organizations

Mark Miller Featured in Kiplinger

IRS Updates Draft of 2018 Form 990

Sikich Series on Tax Reform: IRS Releases Guidance for Tax-Exempt Organizations on New UBIT Rules for Separate Trades or Businesses

Potential Relief for Not-for-Profit Organizations Expected to Pay Taxes on Transportation Fringe Benefits/Parking

FASB Proposes Accounting Standard Update

What Donors & Charities Need to Know About the 2017 Tax Reform Act

IRS Takes Closer Look at Exempt Organizations Employment Tax Compliance

Jennifer Casacchia, CPA, Selected for AICPA Not-for-Profit Section Advisory Council

Sikich Series on Tax Reform: Tax Planning Strategies for Charities & Donors

Not-for-Profits and Restricted Assets: What You Need to Know

Filing EO Applications? Expect These Changes in Early 2018

Sikich Series on Tax Reform – How the Tax Reform Affects the Not-for-Profit Sector

Not-for-Profit Tax Update

Accounting, Audit, Tax & Consulting

Technology

Advisory

Company

Connect With Us