Does your nonprofit owe tax on its sponsorships and advertising income?
Your not-for-profit may prefer to avoid unrelated business income tax (UBIT). When it comes to sponsorships and advertising it’s important to understand what is and what isn’t taxable.
New lease accounting standard: The time has come to prepare
By Ryan C. Peck, CPA Senior Accountant & Auditor Since the process of enhancing the lease accounting standard began in 2006, and given several delays of the implementation dates, it sometimes seemed as if the new standard would never become a reality. But the time...New accounting rules govern reporting of gifts in kind
If your nonprofit organization accepts contributions of nonfinancial assets, new rules govern financial reporting of gifts in kind.
Is your nonprofit considering going virtual?
Many nonprofits and businesses that sent employees home to work remotely in 2020 are considering whether they will make the virtual work arrangement permanent.
Using the Form 990 to Reach Potential Donors
The federal Form 990 information return can become an important tool for nonprofits to attract donors.