Our Thoughts On Archive

FASB Issues Long Anticipated Changes Affecting Not-For-Profit Reporting

On August 18, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958)

Proposed Regulations Address Changes to Form 1098-T Reporting Requirements

On July 29, the Internal Revenue Service (“IRS”) issued proposed treasury regulations to reflect changes to the reporting requirements for

Part VII: Uniform Guidance -- Indirect Costs: De Minimis Rate

One of the most significant changes within the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards is the change

Pennsylvania EITC Funds Increase

The amount of tax credits available under the Pennsylvania Education Improvement Tax Credit (EITC) program has increased for the 2015/2016 fiscal year

Part VI: Uniform Guidance Indirect Costs

One of the most important reforms included in the Office of Management and Budget’s (OMB) comprehensive grant reform rules titled the “Uniform

What Does Your NPO Finance Committee's Agenda Look Like?

I hope the Finance Committee’s first order of business is the financial statement review. As a CPA in a public accounting firm, the primary preparation