Nonprofit

Like any business, nonprofits need to monitor expenses, create a viable income stream, pay bills, and invoice and collect on past due monies. But unlike a regular business, a nonprofit also needs to manage multiple programs, track and maintain ...

The NFP segment of the U.S. market has historically been 5% of all businesses. This market share has grown to over 10% in the last decade. While business may be doing charitable, human interest or targeted work, this does not mean that the ...

The American Institute of CPAs has launched a new membership section for practitioners and others who serve or work for the nation’s growing not-for-profit sector. The AICPA’s Not-for-Profit Section will provide support and resources in the areas of ...

The Internal Revenue Service is reminding tax-exempt organizations that many have a filing deadline for Form 990-series information returns in mid-May.

The Internal Revenue Service (IRS) has taken significant actions to improve the processing of tax-exempt applications involving political intervention, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA).

The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to improve the information provided in not-for-profit financial statements and notes to financial statements. Stakeholders are encouraged to review and comment on the proposed ASU, Presentation of Financial Statements of Not-for-Profit Entities, by August 20, 2015. “The proposed ASU contains […]

Four in five Americans believe not-for-profit employees should be exposed to the same training as finance professionals at other businesses

IRS Form 990-EZ is the short version of the annual information return Form 990, which is required by the Internal Revenue Service for tax-exempt organizations. The return includes information about the organization’s mission, programs and finances.