Governmental & Nonprofit

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.

1099 Best Practices for Nonprofit Organizations
 

1099 Best Practices for Nonprofit Organizations

Posted: August 13, 2018
Nonprofit organizations have particular requirements when it comes to the IRS. All vendors that do business with nonprofits should be treated as independent contractors (exceptions apply) and issued a 1099.




Preparing for New Not-for-Profit Financial Reporting
 

Preparing for New Not-for-Profit Financial Reporting

Posted: October 16, 2017
As firms and not-for-profit (NFP) entities begin preparation to implement new financial reporting requirements, Ohio CPAs weigh in on some of the most significant upcoming changes.

Nonprofit Challenges: Accounting for Gifts-in-Kind
 

Nonprofit Challenges: Accounting for Gifts-in-Kind

Posted: August 2, 2017
Donations of goods and services are immensely valued by not-for-profits. However, before accepting these contributions, organizations should consider accounting standards and related guidance for gifts in kind.

How to Make the Most of Your Annual Form 990 Filing
 

How to Make the Most of Your Annual Form 990 Filing

Posted: July 31, 2017
To get the most out of Form 990, you’ll want to not only comply with IRS regulations, but also take into account the organization’s marketing and operating objectives. Here are some things to consider.


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.