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This blog takes a quick look at the Supreme Court’s decision wherein California cannot implement the nonprofit donor disclosure rule (which required charities to file with state regulators the federal form disclosing the names of major donors) – and where the ramifications may be felt. .

A discussion of the spending bill recently signed by the president that includes a provision reversing the 21% unrelated business income tax (“UBIT”) on qualified transportation.

Notes on claiming a refund or credit in conjunction with the repeal of the unrelated business income tax (“UBIT”) on qualified transportation benefits.

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.

Essential financial benchmarks for a not-for-profit. Not-for-profits are facing intensifying scrutiny from the government and donors, along with increased competition. A way to know the performance and health of your not-for-profit is to perform analysis with financial benchmarks.

The objective of the FASB’s exposure draft is to re-examine existing standards for financial statements by not-for-profit entities. Here is a summary of the changes that are expected to be in the anticipated FASB exposure draft including current GAAP and proposed GAAP info.

Because not-for-profits are cautious about increasing their overhead, they often have issues attracting and retaining talented individuals. Here are some ideas that might help a not-for-profit survive when it has to incur more overhead than society might want to see.

Not-for-Profit fundraising is profiting after making the switch to digital. 2015 is looking to be a prosperous year for New York area not-for-profits. There’s been a shift in the way individuals and corporations choose to make their donations.

New York State Attorney General announced a lawsuit against the board of directors of two not-for-profits. The lawsuit alleges gross negligence and failed management of the not-for-profits. What are the governance duties of a not-for-profit’s board of directors?

Does your board of directors know its governance duties to the not-for-profit in order to avoid negative publicity? There are three fundamental governance duties that all not-for-profit board members must follow. These are commonly known as fiduciary duties.

Not-for-profit's enter the real estate realm when they own property and care must be taken with records pertaining to property tax assessments. Mr. Benison in Real Estate services interviewed New York City Tax Commission President about property tax assessments.

Crowdfunding is becoming more popular with individuals and not-for-profit organizations looking to raise funds. Crowdfunding is raising millions of dollars a year for individuals and organizations. Here is a list of websites dedicated to crowdfunding.

EMV technology and credit card donations to nonprofits. There is now a new cost element for nonprofits who accept donations in person via credit card, and it relates to a credit card chip technology called EMV. The U.S. will be migrating to this credit card standard in October 2015.

The FTC issued new amendments to its Standards for Safeguarding Customer Information that requires those applicable financial institutions to adhere to the rule’s requirements in order to protect consumer data from unauthorized third parties.

Email has come a long way, revolutionizing the way people and various organizations interact with each other. However, security breaches tied to unsafe emails are causing billions of dollars in total losses, and the number of victims has increased exponentially, especially during the last decade.