Linda J. Kramer, CPA, MBA Accounting & Auditing Director The Public Support Test is a critical measure used by the IRS to determine whether a nonprofit organization qualifies as a public charity rather than a private foundation. This test ensures that the...
Sean S. McNeil, CPA, MBA Accounting & Auditing Manager Assuming your organization operates on a calendar-year tax basis and filed its Form 990 on time this year, you probably don’t want to think about tax reporting again until next spring. However, it’s important...
Jayme F. Moore, CPA Vice President & Director External audits can help assure your nonprofit’s stakeholders that your financial statements are fairly presented according to U.S. Generally Accepted Accounting Principles. They can also help prevent occupational...
Kevin J. Bonnett, CPA Vice President & Director Although the implementation of the significant new lease standard, ASC 842, has been completed by all companies, as adoption was required for all companies with fiscal years beginning after December 15, 2021, this...
Sean S. McNeil, CPA Accounting & Auditing Manager Fraud awareness training and strong controls help nonprofits fight fraud, and the need for diligence is growing in the nonprofit sector. Nonprofit organizations suffer roughly half the median loss per incidence of...
Stephen A. Rollins Jr., CPA Vice President & Director Current Expected Credit Loss or “CECL” has been a major topic for financial institutions, but it will also impact businesses and nonprofits. CECL is effective for businesses and nonprofits with years beginning...
