Many nonprofits fail to recognize when it’s time to make the switch to a more sophisticated financial management software.  We hear stories like the nonprofit that couldn’t get a grant because they didn’t have the basic accounting controls in place.

As your nonprofit grows, you need to be able to rely on technology that supports your strategic goals.  Organizations often face the limitations of their starter accounting system as they grow, yet the greater challenge seems to be recognizing the right time to make the switch.  The following whitepaper “15 Red Flags – Is Your Accounting Software Hurting Your Business?” provides some great examples of challenges that led many organizations to make the next step.  The question is not if, but when to move to a business solution that will help your organization achieve the success you’ve planned.

INSIGHTS & RESOURCES

Tax-Exempt Organizations and 2017 Tax Reform

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Uncategorized11/23/2017

Dear Friends in the Tax-Exempt Community:
Below is a brief overview of the key tax reform proposals relating to tax-exempt organizations. As you know, Congress is currently putting together legislation to effect significant tax reform with a timeline of having it enacted this year. Although Congress is still negotiating, the following reform proposals may impact your […]

Royalty Income of Nonprofits is Being Targeted for Taxation!

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Uncategorized11/20/2017

The Senate Finance Committee’s version of the Tax Cuts and Jobs Act includes a number of items that would impact nonprofits.
Perhaps the most immediately significant is the provision that would call for taxing the revenue generated from royalties related to licensing a nonprofit’s name and/or logo. Royalty revenue has traditionally been exempt from income taxes. […]

How Could Federal Tax Reform Impact Nonprofits?

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Exempt Organization Tax11/17/2017

Uncategorized11/17/2017

By:  Doug Boedeker, CPA, Partner
It has been a challenge staying current on the twists and turns involved with the proposals for Federal Tax Reform. Many of the ideas within the tax reform package have a direct impact on nonprofit organizations.
Charitable deductions, executive compensation, employee fringe benefits, and intermediate sanctions are just some of the “hot […]

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