Archive for the Nonprofit and Not-for-Profit Category

The world of nonprofit accounting is evolving. And one of the most significant changes in is the adoption of the Current Expected Credit Loss (CECL) model. Originally designed for financial

In times of financial uncertainty, having operating reserves to protect your nonprofit is essential. These reserves act as a financial safety net, allowing your organization to continue its mission without

The Secure 2.0 Act, a significant update to retirement and tax regulations passed in December 2022. It brought notable enhancements to Qualified Charitable Distributions (QCDs). More options are provided for

Nonprofit organizations often rely on a variety of funding sources to support their operations. This often include donations, grants, sponsorships, and advertising. However, when it comes to sponsorships and advertising,

Restricted gifts are donations given to a nonprofit with specific conditions or purposes set by the donor. Managing these restricted gifts is crucial to maintaining donor trust and complying with

Nonprofit organizations have long relied on specific retirement plans to help their employees prepare for the future. However, changes in regulations, economic conditions, and workforce dynamics are driving significant shifts

If you are looking for a way to increase outreach and consolidate resources, restructuring your nonprofit organization may be the key. Doing so can also help reduce costs for your

The inflation Reduction Act (IRA) became law in late 2022, and many assumed there would be no benefits for nonprofits. Fortunately, this is not the case. There is a lot