Windes Nonprofit Training: Nonprofit Accounting and Tax Updates

Monday, February 19, 2018

About the session from Windes: Stay up to date on new accounting pronouncements and tax law that will impact nonprofit organizations! In this session, we will give an overview of significant new accounting pronouncements set to impact nonprofit organizations in the next few years. In addition, we will discuss strategy and tools to help your […]

Tax Reform Requires New Calculations for UBTI

Monday, February 19, 2018

The recently enacted tax reform bill changes how exempt organizations must calculate unrelated business taxable income (UBTI) and how that income will be taxed. These changes will have wide-reaching effects. According to the National Center for Charitable Statistics, public charities reported over $1.74 trillion in total revenues in 2013, 72% of which was earned. These […]

403(b) Plans: Required Nondiscrimination Testing

Monday, February 19, 2018

One of the benefits of a qualified Section 403(b) retirement plan is that elective deferrals are not subject to nondiscrimination testing. All employer contributions, on the other hand, must demonstrate that contributions do not discriminate in favor of highly compensated employees (HCE). To test for nondiscrimination, contributions or benefits (divided into pay) of the highly […]

Fraud: A Nonprofit’s Nightmare

Monday, February 19, 2018

Nonprofit organizations provide needed services to the public while operating under a charitable mission and yet are still at risk for fraud from employees. This risk can be more extensive with nonprofit organizations than with other companies because of limited staffing and the necessity of having employees who perform multiple roles. The Association of Certified […]

The Impact of Tax Reform on Nonprofit Organizations

Thursday, December 14, 2017

On December 2, members of the Senate joined their House counterparts in passing a new tax plan. As a result, the competing tax plans went into a reconciliation process with a tentative agreement on a reconciled tax plan announced on December 13, which increased the likelihood that the new tax plan will be signed into law by […]