Governmental & Nonprofit

Be SMART About Tax Reform
 

Be SMART About Tax Reform

Posted: January 8, 2019
Raising money has always been the biggest challenge that nonprofit organizations face. Under the Tax Cuts and Jobs Act, many taxpayers can no longer deduct charitable contributions; this has led many organizations to fear that their donations will dwindle.


Does Your Nonprofit Have UBTI?
 

Does Your Nonprofit Have UBTI?

Posted: November 7, 2018
Even though a nonprofit organization may be exempt from taxation on income related to its exempt purpose, it is subject to tax on any unrelated business taxable income (UBTI). Find out more about the IRS regulations in this area.

High-Impact Financial Reporting
 

High-Impact Financial Reporting

Posted: October 2, 2018
Forward-looking planning does not have to stop at the annual budget. A rolling cash flow forecast looking three to six months ahead affords the organization enough time to avert a cash crisis or create a plan to make the most of excess resources. Read to find out more.

From the NJCPA Focus blog

  • 5 Ways Nonprofits Can Offset Loss of Deductions

    by Judith Tutela, CPA, RMA, principal, Spire Group, PC | Nov 15, 2018
    Because of last year’s Tax Cuts and Jobs Act, fewer taxpayers will use itemized deductions. Although this could mean a reduction in charitable giving, your nonprofit client may have options for mitigating any potential revenue loss.

The comment letters below were prepared by the NJCPA Nonprofit Interest Group.

Interest group members discuss, research and monitor accounting and auditing issues affecting not-for-profit organizations providing interpretations of new standards through education and roundtables and serving as a liaison between the NJCPA and industry, government and other-related organizations.
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