Visit our new Inflation Reduction Act Resource Center to find answers to your questions about this landmark clean energy legislation.
Learn MoreThis session will provide an overview of environmental, social and corporate governance (ESG) — why you should be thinking about this now and what it could mean to your business in the future. You’ll also learn about new, upcoming and proposed accounting standards relevant to private companies, including a brief overview of leases and practical considerations on what you should be doing to prepare for implementation by year’s end.
Read MoreSBA Economic Injury Disaster Loan Program You likely have heard about the Small Business Association’s (SBA’s) Economic Injury Disaster Loan Program (7(b)(2)), providing relief for COVID-19 related economic disruptions. However, many nonprofit organizations are questioning if they may be eligible...
Read MoreThe FASB unanimously voted on October 16, 2019, to approve an additional delay for private companies on three major upcoming standards, one of which is the new leasing standard. The FASB voted to delay the leases standard effective date for private companies until after December 15, 2020 (January 1,...
Read MoreOn May 29, 2019, the FASB issued Accounting Standards Update (ASU) 2019-06, extending two private company reporting alternatives to not-for-profit entities with regard to goodwill and intangible assets. Effective immediately, this ASU will help reduce not-for-profits’ costs for accounting in these...
Read MoreOn March 21, 2019, the FASB issued Accounting Standards Update (ASU) 2019-03, Not-for-Profit Entities (Topic 958): Updating the Definition of Collections. This ASU specifically addresses the use of proceeds from sales of collections and related disclosures. Collections include groupings of art,...
Read MoreSchool clubs can come in various forms, such as booster, parents or sports clubs, and are generally comprised of both students and adults trying to raise funds to support a specific school function. But being in charge of or even working in the business office of a club at your local school comes...
Read MoreDue to the requirements of Uniform Guidance, the Schedule of Expenditures of Federal Awards (SEFA) has been updated. The AICPA’s Governmental Audit Quality Center (GAQC) recently issued an updated practice aid for the SEFA to help auditees ensure the SEFA is prepared accurately and completely. It...
Read MoreThere is yet another dangerous phishing scheme circulating once again this tax season involving W-2s that targets corporations, schools and nonprofits. In a recent IRS communication, IRS Commissioner John Koskinen has said that this particularly dangerous scheme could “result in the large-scale...
Read More