Topics: Nonprofits

Reducing and Managing Cyber Security Risk

By: Michelle Sanchez

Recently, we hosted a webinar, Cyber Security: What Nonprofits Can Do Now To Manage and Reduce Risk. Cyber Security has moved from being a hot topic to being a reality

May 9th, 2017 | Nonprofits

IRS Focuses on Employment Tax Issues During Tax-Exempt Organization Audits

By: BDO Author

Organizations of all sizes are beginning to identify areas of potential noncompliance and, for nonprofits, a common culprit is employment tax issues. The IRS has emphasized employment tax compliance during its tax-exempt

May 9th, 2017 | Nonprofits

Public Charities and Private Foundations—What’s the Difference?

By: BDO Author

When starting a 501(c)(3) organization, the IRS will generally classify it one of two ways—either as a public charity or a private foundation. Public charities are known to perform charitable

May 9th, 2017 | Firm News, Nonprofits

Building a Resilient Organization—A Toolkit for Nonprofit Boards to Manage Transformational Change

By: BDO Author

Many, if not most, nonprofit organizations will encounter board or leadership turbulence at some point in their lifecycles. Organizational transition, the evolution of mission or executive departures are inevitable. There

May 9th, 2017 | Nonprofits

A Deeper Dive Into ASU 2016-14 Implementation Issues – Part Two

By: BDO Author

The Winter Insights for Nonprofits took a more in-depth look at certain changes under Accounting Standards Update (ASU) 2016-14, Not‑for‑Profit Entities (Topic 958): Presentation of Financial Statements of Not‑for-Profit

May 9th, 2017 | Nonprofits

IRS Issues 2017 Work Plan for Tax Exempt Organizations

By: BDO Author

The Tax Exempt and Government Entities division of the IRS issued its FY 2017 Work Plan at the end of September 2016, which builds upon the agency’s 2016 priorities

January 20th, 2017 | Nonprofits

What’s the Difference between Nonprofit And For-Profit Accounting, and How Does it Impact the Fiduciary Duties of Board Members?

By: BDO Author

There are many opinions on what the fiduciary responsibilities of nonprofit board members are. The National Council for Nonprofits discusses that boards should: a) Take care of the nonprofit by ensuring prudent

January 20th, 2017 | Nonprofits

How Tax Law Changes May Impact Charitable Giving

By: BDO Author

Whether we look at the blueprint for tax reform put forth by Republican House Ways and Means Committee members, the deliberations of the Senate Finance Committee’s bipartisan tax

January 20th, 2017 | Nonprofits

A Deeper Dive Into ASU 2016-14 Implementation Issues

By: BDO Author

Our Fall Insights for Nonprofits newsletter outlined the financial reporting areas for nonprofits that will be impacted by the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-14,

January 20th, 2017 | Nonprofits

No Need to Worry About New Tax Law Changes

By: Adam Repasy, CPA

While many organizations finished 2016 calling for donors to contribute before year-end “while the contributions still matter,” you should be reassured that all hope is not lost in 2017 because

January 20th, 2017 | Nonprofits