INFOFLASH BLOG
Nonprofit
- Navigating the Complexities of Unrelated Business Income Tax (UBIT) (5/29/2025)
- Deadline Extensions of Audited Financial Statements and Other Reports (5/4/2021)
- Financial Oversight for Nonprofit Board Members : Trouble Spots That Raise A Red Flag (10/4/2019) When not-for-profits lose funding sources, default on loans or leave employees unpaid, board members can clearly see that they’re in financial crisis. Often, a board can avoid such disasters by…
- FASB Issues Proposal to Delay New Standards (8/26/2019) On August 15, 2019, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would grant…
- On Your Mark, Get Set, Go! (6/20/2019) Preparing to implement the new Lease Accounting Standard - ASU 2016-02, Leases (Topic 842) The FASB’s lease accounting standard change, ASU…
- Common Finance Mistakes that Should be on you NonProfit’s Radar (3/18/2019) Most nonprofits are understandably laser-focused on their mission which can cause critical matters to fall between the cracks. But if…
- Tightening Controls for Federal Awards (10/1/2018) Understanding the Requirements for Internal Control over Compliance of Federal Awards Internal control is a process effected by an entity’s…
- New Developments for Presentation of Nonprofit Financial Statements (4/11/2018) ASU 2016-14 | Summary of Changes to Not-for-Profit Financial Statements Are you ready for significant changes to the financial statements…
- Tax Reform -Key Considerations Affecting Nonprofit Organizations (3/8/2018) The Tax Cuts and Jobs Act of 2017 significantly changed the landscape for everyone including nonprofit organizations. To help these…
- Accounting Standards Update for Not-For-Profit Entities (4/6/2017) By Johnson Olatunji, CPA The Financial Accounting Standards Board (FASB) has released Accounting Standards Update No. 2016-14, Not-for-Profit Entities (Topic…