Not-for-Profit Blog

Blogs February 04, 2019 Purpose of an Independent Audit for Not-for-Profits

People are more likely to donate money to an organization they trust, and having a financial statement audit is one way not-for-profit organizations can build trust as an independent audit of a not-for-profit entity provides integrity.

Blogs January 25, 2019 Updated Guidance on Determining Nondeductible Amount of Parking Fringe Expenses and Unrelated Business Taxable Income

After the Treasury Department and the IRS received many questions regarding how to determine the amount of parking expenses that is nondeductible as well as treated as unrelated business taxable income (UBTI), the IRS has issued Notice 2018-99.

Blogs January 22, 2019 Is Your Not-for-Profit Ready for ASU 2016‐14?

By providing more detailed information regarding liquidity, financial performance and cash flows, the new ASU 2016-14 standards to improve the transparency of not-for-profits as well as make their financial statements more valuable for users.

Blogs July 20, 2018 Attention Not-for-Profits: Transportation Fringe Benefits Are Now Taxable

The Tax Cuts and Jobs Act contains a provision that requires tax-exempt organizations to recognize as income certain fringe benefits offered to their employees and pay a tax on that unrelated business income (UBI). Here's how and why these fringe ben…

Blogs July 12, 2018 Understanding How the New Tax Law and Economy Impact Tax-Exempt Organizations

Passage of the Tax Cuts and Jobs Act has many leaders of tax-exempt organizations seeking answers as to whether and how the new law will affect them. And most will be affected. Here's why.

Blogs July 03, 2018 FASB ASU 2018-08, Topic 958, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made

The FASB has issued ASU 2018-08, Topic 958, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made. Practitioners may be surprised to learn that transactions once considered 'exchange-type' may in fact have bee…

Blogs May 15, 2018 Is Your Organization Ready for NJ DCA Online Filing Compliance?

The New Jersey Division of Consumer Affairs (NJ DCA) has changed the way forms and extensions are filed to an online process, an adjustment that will impact all tax-exempt organizations that file New Jersey registration statements.

Blogs March 01, 2018 EisnerAmper Professionals Cover Key Issues of Tax Reform impacting Not-for-Profits

EEisnerAmper partner Marie Arrigo and senior manager Cindy Feder recently wrote an in-depth article about the Tax Cuts and Jobs Act and its provisions that could have far-reaching impact on tax exempt organizations and charitable giving.

Blogs February 14, 2018 Changes to the Pennsylvania Solicitation of Funds for Charitable Purposes Act

Governor Wolf signed two bills on December 22, 2017. Both Acts amend the Solicitation of Funds for Charitable Purposes Act to affect several important Pennsylvania Department of State Bureau of Corporations and Charitable Organizations processes.