Nonprofit & Government

/Nonprofit & Government

Report to the Nations

Organizations face numerous risks to their success every day including regulatory risk, economic risk, disaster risk, supply-chain risk, and technology risk, just to name a few. Fraud risk is universally one of the risks faced [...]

David Rice Named to Cisco Systems’ Small Midmarket Business Advisory Board

Information technology is an industry in which professionals strive to achieve high levels of success and must be committed to regularly developing their skills and knowledge in order to do so. Earning the respect of [...]

Best Practices for a Finance Committee – Nonprofits

Recent economic volatility, financial reporting changes, and increased competition for donations has placed greater emphasis on managing resources and strategic decision making. Not-for-profit organizations that have active, qualified finance committees will have a competitive advantage [...]

By | March 22nd, 2016|Nonprofit & Government|

New FASB Guidance on Accounting for Leases

On February 25, 2016, the Financial Accounting Standards Board (FASB) issued its new lease accounting guidance in Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). The ASU will require organizations that lease assets to [...]

Deduct Home Office Expenses — If You’re Eligible

Today it’s becoming more common to work from home. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. Eligibility Requirements If you’re an employee, your use [...]

Institute of Internal Auditors Research Foundation Touts the Benefits of Outsourced Internal Audit

The Institute of Internal Auditors (IIA) recently released a report which examines outsourcing of internal audit activity. Over 50% of North American companies participating in the survey use third parties to support their internal audit [...]

Extension Means Businesses Can Take Bonus Depreciation on their 2015 Returns…

...But Should They? Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Protecting Americans from Tax Hikes Act of 2015 (the PATH [...]

Are you Starting 2016 in the Right Direction?

The U.S. and international economies are becoming more competitive every day. Many of us are competing for the same workforce; for others it may be the same customer, but we have to ensure that we [...]

File Early to Avoid Tax Identity Theft

If you’re like many Americans, you may not start thinking about filing your tax return until the April 15 deadline (this year, April 18) is just a few weeks — or perhaps even just a [...]

Energy Efficient Tax Incentives

The Energy Policy Act of 2005 was enacted to provide immediate tax savings opportunities for energy efficient improvements. For commercial buildings, the Energy Policy Act of 2005 allows for a tax deduction of up to $1.80 [...]