Our Thoughts On Archive

Attention 403(b) Plan Sponsors! Relief May Be On The Way!

The Internal Revenue Service (IRS) Advisory Committee on Tax Exempt and Government Entities (ACT) recently released its 2015 Report of Recommendations.

Financial Outlook Improves for Colleges and Universities

A U.S. Higher Education In-Depth Sector Report issued July 6, 2015 by Moody’s Investor Services states that during 2014 the higher education sector

Not-for-Profit Reporting Model - Part 4: Functional Expense Allocation Review

Given the time of year, many tax-exempt organizations are currently going through their year-end close and may be preparing for an upcoming financial statement

AICPA Suggests Form 990 Improvements to IRS

Feeling fatigued after completing your Form 990 filing? You are certainly not the only one. The IRS reports that over 1.5 million non-profit organizations

IRS Tax-Exempt Sector Under Fire

On July 1, 2014, the IRS issued Form 1023-EZ (Streamlined Application for Recognition of Exemption under Section 501(c)(3) of the Internal Revenue Code).

Not-for-Profit Reporting Model - Part 3: Measuring Performance

In Part 1 of our NFP Reporting Model series, we discussed FASB's proposed ASU on the presentation ot financial statements of not-for-profit entities