Nonprofit Accounting Basics

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Coronavirus Aid Relief for Tax-Exempt Organizations

Originally Posted: April 1, 2020

CARES Act provisions affecting exempt organizations and their donors

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the

Nonprofit Resources for Remote Work During the COVID-19 Outbreak

Originally Posted: March 23, 2020

As the number of COVID-19 cases continues to rise in the

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IRS Guidance Released for Tax-Exempt Organizations to Claim Credit/Refund for Fringe Transportation Benefits Tax

Originally Posted: March 17, 2020

On January 21, the IRS issued guidance for how not-for-profit organizations can claim a refund or credit for unrelated business income tax related to fringe transportation benefits, for which they

GWSCPA Offers Nonprofit COVID-19 Resource Webinars

Originally Posted: March 5, 2020

The Greater Washington Society of CPAs is the host organization of www.nonprofitaccountingbasics.org.

Nonprofits Are Embracing Enterprise Risk Management

Originally Posted: January 21, 2020

An increasing number of nonprofits have embraced enterprise risk management (ERM), which is a structured and continuous process designed to provide an organization’s board and senior leaders a stra

IRS Releases Electronic Form 1023

Originally Posted: January 2, 2020

On Jan.

FASB ASU 2016-14: Liquidity - Organization Liquidity is More than Cash

Originally Posted: September 24, 2019

The new nonprofit financial statement format, ASU 2016-14, is currently being adopted by nonprofit organizations because the standard is generally effective for calendar 2018 and fiscal 2019 year-e

Taxpayer First Act Mandates E-Filing for All 990 Series Returns

Originally Posted: August 29, 2019

On July 1, 2019, the President signed H.R.

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