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The Patient Protection and Affordable Care Act of 2010 imposes a fee on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans to help fund the Patient-Centered Outcomes Research Institute (PCORI), an independent, not-for-profit organization created to conduct res

The FASB Nonprofit Advisory Committee continues to examine financial reporting and its relevance to the not-for-profit marketplace. The FASB NAC agenda may have an impact on the financial reporting practices in the not-for-profit sector. FASB’s review of donor restrictions.

FASB Account Standards Update titled Services Received from Personnel of an Affiliate that amends revenue recognition guidance for not-for-profits. Effective for fiscal years beginning after June 15, 2014 and early adoption is permitted. Learn more about the FASB update for not-for-profits.

EisnerAmper’s Not-for-Profit Services Group presented at the AICPA National Governmental and Not-for-Profit Training Program. Topics include IRS Workplan what’s new for the Form 990 series, internal controls in small environments and fraud case studies.

The EisnerAmper Not-for-Profit, Tax and Private Business Services groups teamed up to volunteer at various charities throughout New York City, resulting in a rewarding experience for team members and help and support for these charities.

If your not-for-profit is required to have an OMB Circular A-133 audit, you are required to submit your not-for-profit’s Single Audit reporting package to the Federal Audit Clearinghouse (FAC) via the Data Collection Form.

The IRS continues to make progress towards paperless filings; the latest change impacts both Forms 990 and 990-EZ. If a Form 990 or 990-EZ is being filed for a tax year beginning on or after July 2, 2019, it must be filed electronically (with limited exceptions).

What your auditor should communicate to your Not-for-Profit. The auditor and a not-for-profit organization’s board of directors and management should communicate before, during and after fieldwork to make sure the audit progresses smoothly. Blog series on the Not-for-Profit audit.

What should your auditor be communicating to you and your Not-for-Profit organization? What should happen at the end of your not- for-profit organization’s annual audit once the financial statements and the auditor’s report have been prepared signed and delivered.

The Communication of Internal Control Related Matters Identified in an Audit SAS 115 letter. At the end of your not-for-profit organization’s annual audit by your auditor, matters related to internal control over financial reporting identified in an audit of financial statements should be communicated.

The federal Form 990-PF has remained relatively unchanged for many years, unlike the federal Form 990. However, with the recent finalization of the 2013 Form 990-PF instructions, the IRS has implemented a significant change regarding the classification of grantee recipients.

Balancing a Not-for-Profit Budget. A balanced budget is based on sound principles but it can be unnecessarily limiting for some not-for-profits. Understand your not-for-profit’s financial objectives when preparing the organization’s budget.

Webinar Maintaining a Qualified 403(b) Retirement Plan. Providing a retirement plan for your nonprofit employees is an important employee benefit. Maintaining a Qualified 403(b) Retirement Plan webinar provides participants with an introduction to 403(b) plans and features common to 403(b) plans.

New 2013 data collection form and Federal Audit Clearinghouse website. Applicable for audit periods ending in 2013, 2014 and 2015. The Federal Audit Clearinghouse has launched a new Internet Data Entry System that will bring other changes. Audit questions and answers.

GuideStar Exchange will allow nonprofit organizations to change their GuideStar profile for the People and Governance section. The goal of the GuideStar Exchange is to enable GuideStar users to have a deeper understanding of the governance structure of nonprofit organizations.

  Web scanning can play a significant role in maintaining compliance and identifying vulnerabilities—here’s how.   

Cybersecurity is more than a buzzword—it’s a necessary virtual shield that applies to every individual and organization.  Here’s why.

  In the realm of cybersecurity, AI and machine learning are increasingly intertwined. Here’s how.  

A presentation on “Family Office Succession and Transition” and why 70% of wealth transitions fail by the third generation (“G3”).

The Federal Reserve Board approved a 3/4 percentage point increase in the primary credit rate to 1.75 percent, its largest since 1994, in an attempt to curb rising inflation.