Not-for-Profit

Assessing Risk for NFPs

Understanding risk is a key element in the decision-making process of not-for-profit organizations To obtain an understanding of the current state of enterprise risk…

New Data Collection Form

All of the changes in The Data Collection Form Submitted To the Federal Audit Clearinghouse The Data Collection Form which is annually submitted to…

Guidance on UBIT for Exempt Organizations’ Separate Trades or Business Will Require OMB Review

Guidance on the unrelated business income tax for exempt organizations’ separate trades or businesses has been determined to be significant and must be reviewed…

Department of Education Amends Regulations to Rescind Gainful Employment Rule

In the IFAP – Electronic Announcement #122 dated June 28, 2019, the Department of Education announced early implementation of the Rescission of the Gainful…

Tax-Exempt Organization’s Employee Benefit Plans: What to Expect from the IRS

The IRS’s official comments on upcoming audits of benefit and Section 403(b) plans and how it impacts you In early May, the Internal Revenue…

Tax Efficient Charitable Giving Using a Donor Advised Fund

The benefits of a donor advised fund A donor advised fund (DAF) is a charitable fund held by a not-for-profit organization where the donor…

Stay in the Know: Tax Exempt Organization Update

As many not-for-profit organizations plan for a successful 2019, it’s important to stay abreast of changing regulations and trends in the industry. The following…

Finding the Best Talent for Your Not-for-Profit in a Tight Labor Market

Hiring the right people is a crucial step for any organization. Even more so in the not-for-profit sector where budgets and resources often run…

What Board Members Need to Know About Changes to Financial Statements

Jennifer Casacchia’s article was originally published on the ASAE website here. This article was republished with permission. Copyright, ASAE: The Center for Association Leadership (November…

Form 990-T Update

Draft of 2018 Form 990-T Released The IRS released a draft of the 2018 Form 990-T, Exempt Organization Business Income Tax Return, on the treatment of…

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…

Not-for-Profit

Assessing Risk for NFPs

New Data Collection Form

Guidance on UBIT for Exempt Organizations’ Separate Trades or Business Will Require OMB Review

Department of Education Amends Regulations to Rescind Gainful Employment Rule

Tax-Exempt Organization’s Employee Benefit Plans: What to Expect from the IRS

Tax Efficient Charitable Giving Using a Donor Advised Fund

Stay in the Know: Tax Exempt Organization Update

Finding the Best Talent for Your Not-for-Profit in a Tight Labor Market

What Board Members Need to Know About Changes to Financial Statements

Form 990-T Update

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