Not-for-Profit Section
Not-for-profits must balance the demands of maintaining low operational overhead while delivering quality services and meeting rigorous accounting and reporting requirements. Economic conditions are making it even tougher for not-for-profits as they face large downturns in funding from all sources. IRS regulations, grant-writing, managing volunteer time and donations are just a few of the issues highlighted in the Not-for-Profit Section’s weekly newsletter, information CPAs need not just to survive but thrive. Join now to begin learning from others and sharing your experiences with other CPAs serving the not-for-profit sector.
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Sep 01, 2011
The IRS will not continue investigations into whether a small number of taxpayers owed gift taxes on donations to certain advocacy groups.
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Sep 01, 2011
In general, nonprofit leaders have an idea of what the Internal Revenue Service (IRS) is doing: hovering while waiting to pounce on mistakes organizations make. Wouldn’t it be nice to know what the IRS is looking for?
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Sep 01, 2011
Making mistakes is included in the job description of “human being,” but one might have trouble accepting that fact based on information from irate donors, crusading journalists or politicians in high dudgeon (or dudgeon of any altitude).
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Sep 01, 2011
Sen. Charles E. Grassley has introduced legislation that would deny some federal money to charities that put money in offshore accounts to avoid paying income taxes. Grassley, senior Republican on the Senate Judiciary Committee, has proposed barring such charities from getting grants from a federal program that helps prisoners re-enter society. The proposal follows an inquiry that he and several other lawmakers conducted last year into Boys & Girls Clubs of America.
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Sep 01, 2011
Charitable giving by America’s biggest companies will probably be flat in 2011, after a sharp rebound in 2010, according to a survey of 180 of businesses. Cash giving rose by 13%, a relief to charities after the recession caused a decline of 7.5% by companies in 2009.
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Sep 01, 2011
Grantmakers want more measures of success from nonprofits to show their impact, yet few nonprofits are happy with the way their own organizations manage grants, a new survey says.
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Sep 01, 2011
The Uniform Law Commission (ULC) has approved the Protection of Charitable Assets Act (POCAA) as a model law. The approval means that individual states can use the act or any part of it as a model for regulation of nonprofit organizations. States are not required to use any of it. It replaces the Uniform Supervision of Trustees Charitable Purposes Act, passed in 1954.
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Sep 01, 2011
The IRS has released a new form for tax-exempt organizations to request determinations about their tax-exempt status.
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Sep 01, 2011
Competition for fundraising dollars is fierce. Here are some top ideas for increasing your revenue now.
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Sep 01, 2011
To be sustainable in today's business environment, corporate-giving programs should go beyond simply "doing good," and boost corporations' bottom lines, a new study says.
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