Governmental & Nonprofit

Navigating the Changing Role of the Nonprofit CFO
 

Navigating the Changing Role of the Nonprofit CFO

Posted: November 12, 2019
CFOs have experienced one of the most dramatic transformations of any in recent years — from number crunchers to strate­gic advisors who help lead the direction of their organizations. Nonprofit CFOs are no different, except they often face even more challenges amid shifts in tax policy and finding alternative ways to obtain revenue.

Wayfair
 

Wayfair's Impact on Not-for-Profit Purchases and Revenues

Posted: October 9, 2019
Several states provide sales tax exemptions to not-for-profits, whether they be for purchases to support their mission, their sales, or both. Here's how those rules interact with the new broadened sales tax nexus standards.

Complying with New Nonprofit Reporting Standards
 

Complying with New Nonprofit Reporting Standards

Posted: September 30, 2019
When new reporting standards are released, CPAs must assist their nonprofit clients or employers in adapting to the changes in order to comply with the law and his or her professional responsibility. The CPA has a duty to understand the new rules.

5 Tips for Effective Not-for-Profit Board Oversight
 

5 Tips for Effective Not-for-Profit Board Oversight

Posted: September 18, 2019
A not-for-profit's chances of running into serious problems increase exponentially when the board does not provide effective oversight. These tips can help boards perform their duties of care, loyalty and obedience to help not-for-profits thrive.

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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