Topics: Nonprofits

All in the Family – The Case of the Corrupted Grandma

By: Carol Phillips, CPA

Mrs. Sally had worked for the company for over 30 years and was the most trusted employee in the small organization. She was the head bookkeeper and handled everything from

August 22nd, 2017 | Nonprofits

Insights for Nonprofits: Other Items to Note

By: Warren Averett

OMB Issues a Uniform Guidance Procurement Grace Period Extension On May 17, 2017, the Office of Management and Budget (OMB) issued a correcting amendment to the Title 2 U.S. Code

August 22nd, 2017 | Nonprofits

Board Governance: A Board Member’s Perspective

By: BDO Author

A nonprofit’s governing body is integral to the success and effectiveness of the organization. Boards play an instrumental role in setting strategy and overseeing the use of an organization’s assets

August 22nd, 2017 | Nonprofits

Three Critical Privacy Issues Every Nonprofit Should Consider

By: BDO Author

Most nonprofit organizations collect, use and store “personal information” of donors and staff. There are well over 200 laws, just in the United States, that mandate protections of this information

August 22nd, 2017 | Nonprofits

What the White House Tax Plan Means for Charitable Giving

By: BDO Author

The White House’s preliminary tax plan, released in late April 2017, keeps the itemized deduction for charitable contributions while eliminating most other itemized deductions. The plan, however, also proposes raising the

August 22nd, 2017 | 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