Governmental & Nonprofit

Top Issues for Not-for-Profits This Year
 

Top Issues for Not-for-Profits This Year

Posted: April 25, 2017
How can not-for-profits reassure donors that their contributions are in safe hands? What key implementation issues on new accounting standards updates are not-for-profits grappling with?


5 Upcoming GAAP Changes Not-for-Profits Should Know
 

5 Upcoming GAAP Changes Not-for-Profits Should Know

Posted: April 17, 2017
Wrapping your head around the accounting standards changes on the horizon - let alone figuring out which ones deserve the most attention - is no easy task. Not-for-profit accounting professionals should get familiar with relevant standards recently issued by the Financial Accounting Standards Board.


FASB
 

FASB's New Not-for-Profit Standard: Maintaining Auditor Independence

Posted: March 19, 2017
It's never too early to be prepared for the Financial Accounting Standards Board's new not-for-profit financial reporting standard, which goes into effect in 2018. With proper considerations, there are several areas where auditors can help clients implement the new standard.

IRS Makes Approved Form 1023-EZ Data Available Online
 

IRS Makes Approved Form 1023-EZ Data Available Online

Posted: February 23, 2017
Publicly available information from approved applications for tax exemption using Form 1023-EZ, Streamlined Application for Recognition of Exemption, is now available electronically for the first time.

IRS Releases Updated Form 990-EZ
 

IRS Releases Updated Form 990-EZ

Posted: January 31, 2017
The IRS has announced the release of an updated Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, that will help tax-exempt organizations avoid common mistakes when filing their annual return.


 Nonprofit Finance and Accounting Trends for 2017
 

Nonprofit Finance and Accounting Trends for 2017

Posted: January 5, 2017
Several key factors will have a large impact on nonprofit finance and accounting in 2017, including an increase in part-time and outsourced staffing to address personnel needs, shifts in the nature of funding due to political instability, clustering of services between nonprofits, an increase in the number of for-profit CFOs moving to nonprofits, and an ongoing need for greater technology efficiency.


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