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Governor Hochul recently signed New York's 2022-2023 budget bill; one of the key provisions in the bill was a decoupling from IRC Sec. 280E, the severely inhibitive rule that denies most tax deductions to cannabis businesses.

As of July 1, 2022, New Jersey’s medicinal marijuana patients no longer have to pay state sales taxes on any cannabis and related products at state-licensed medical dispensaries.

Board service plays a critical role in our society, and is often a rewarding personal experience. It is also important to note that there are responsibilities that come with being a board director which are largely codified in state statutes.

February 15, 2016 By Brian Collins, CPA This is Part 2 of a 3 part series. To see Part 1, please click here. Continuing on from last week’s post, this week we’re discussing the common errors in the Statements of

The Financial Accounting Standards Board (FASB) met to discuss the status of the NFP financial statements Exposure Draft. Phase I of FASB’s Redeliberation Plan includes issuing a final Accounting Standards Update by June 2016. Phase II does not have an ASU as its next step.

For volunteers age 18 or older, criminal background checks and child abuse clearances are required if the individual volunteers with a child care service activity or service responsible for a child’s welfare or having a direct volunteer contact with children.

The Financial Accounting Standards Board is offering a webcast to provide an update on the FASB’s standards projects pertaining to private companies and not-for-profit organizations.

Common errors in the Statements of Cash Flow and Notes to the Financial Statements are covered in an EisnerAmper webinar titled Common Financial Reporting Deficiencies for Not-for-Profit Organizations. This is the 3rd post in the Financial Reporting Deficiencies series.

EisnerAmper’s Phil Bergamo and Jessica Dima recently presented the webinar “Common Financial Reporting Deficiencies for Not-for-Profit Organizations” that identified common reporting deficiencies noted in the financial statements of not-for-profits.

Perhaps driven by a question on Schedule M of the federal Form 990, boards have been considering whether a gift acceptance policy is desirable for not-for-profits they serve. Here are some of the benefits and considerations for adopting/updating a Gift Acceptance Policy.

As corporate sponsorship revenues for not-for-profit organizations continue to increase, so does the issue of taxation. The question of whether this revenue is taxable is not as simple as one might think. How the IRS treats revenue as taxable unrelated business income.

Zelle is a popular peer-to-peer payment app, however, its claim about safety has come into question as instances of fraud and schemes involving the payment service are occurring more frequently.

This article outlines five adjustments that are being debated as the proposed Climate-Related Disclosure rule gets closer to an SEC vote. 

Steps an experienced forensic accountant will typically take while conducting a fraud risk assessment to help organizations mitigate fraud risk in susceptible areas.

A brief look at the long-awaited SEC proposed rule that would require public companies to disclose climate-related information in their annual 10-K filings.

Methane pledges, financing, and a Global Stock take took center stage.

The case for why your organization should consider a fraud risk assessment to better understand and expose risk areas as well as develop actionable mitigation strategies.

ESG investing is on the rise as a strategy for family offices. This blog looks at why ESG has grown in popularity and what it means for investments.

Using materiality assessments as a critical tool for corporations seeking to evaluate and manage their ESG and sustainability performance.

  The SEC will be voting on and proposed several new ESG-related rules in 2023 and 2024.