by Isaac Rowles | May 19, 2023 | Audit and Accounting, NonProfit, Tax Watch
A set of accounting standards for leases is now mandatory for most business entities in the U.S., including not-for-profit organizations (NFPs). These standards, known as ASC 842, began to take effect in late 2018 for publicly-traded companies. They became effective...
by Amy Thabet | Feb 14, 2023 | Newsletter, NonProfit, Tax Watch
Nonprofits face a lot of demands. They often have limited resources when it comes to both financial and human resources. The accounting team usually not only supports general operations but it also has to fulfill the demands associated with regular reporting and...
by Dorinda Bennett | Jan 9, 2023 | Audit and Accounting, NonProfit, Tax Watch
Government funding brings some rather complicated reporting and auditing requirements. This can apply to both for-profit businesses and not-for-profit organizations (NFPs) that receive federal funding. NFPs should be aware of their auditing obligations under...
by DMJPS PLLC | Aug 8, 2022 | NonProfit, Tax Watch, Technology, Technology Consulting
With cyber attacks on the rise, even nonprofits can no longer ignore or poorly budget for this serious problem. Groups that may want to disrupt your mission or hold your data hostage may use malicious action to break into your system and use the data they obtain for...
