Nonprofit & Government

/Nonprofit & Government

Thank Goodness That’s Over! Nonprofits and the 2019 Kentucky Sales Tax Changes

Yesterday, March 26, 2019, Governor Bevin signed House Bill 354, which the General Assembly passed earlier this month. This legislation reverses the dramatic negative effect on many nonprofits caused by [...]

Kentucky sales tax changes: Your questions answered

Kentucky's new sales tax laws: FAQ If an organization holds a special fundraising event, is the entire ticket price subject to sales tax, even if a portion of the ticket price is considered a charitable [...]

Nonprofit Financial Board Book powered by GuideStar

Improving financial health and sustainability Sage Intacct, the innovation and customer satisfaction leader in cloud financial management, and GuideStar, the world’s largest source of nonprofit information, are working together to improve the financial health [...]

2019-03-11T14:30:29-05:00May 8th, 2018|Nonprofit & Government|

You’ll Need to Comply With ASU 2016-14 Soon

During 2018 (December 31 year-ends) and 2019 (all other year-ends), nonprofit entities will need to comply with Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, and [...]

2019-03-11T14:30:36-05:00January 11th, 2018|Nonprofit & Government, Uncategorized|

FASB Clarifies Contributions Received and Made

On August 3, 2017, the Financial Accounting Standards Board (FASB) issued an exposure draft of a proposed new Accounting Standards Update (ASU) titled Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions [...]

2019-03-11T14:30:40-05:00August 7th, 2017|Nonprofit & Government|

Dean Dorton Named 4th Best Place to Work in Kentucky

Last night, the annual Best Places to Work in Kentucky awards ceremony was held at the Lexington Convention Center, where the Kentucky Chamber of Commerce and the Kentucky Society for Human Resource Management announced this [...]

Employee vs. Contractor

Third party relationships have become more important as companies look to leverage outside expertise. As relationships evolve, management needs to keep a close eye to determine if the third party contractor has become [...]

IRS Extends 1095-C and 1095-B Deadline

In November, the IRS extended the deadline for employers to furnish Forms 1095-C and/or 1095-B to employees and covered individuals. The forms, which are required under the Affordable Care Act’s employer reporting mandate, are [...]