While the 2017 tax law benefits corporations and individuals, it affects charitable contributions. Nonprofit organizations may be the biggest losers under the new law. The new law went into effect on January 1, 2018 and will not affect 2017 income taxes.[Read more…] about New Tax Laws Affect Charitable Contributions
New FASB rules for nonprofits are scheduled to took effect in December 2017. Is your nonprofit ready?[Read more…] about New FASB Rules for Nonprofits: Are You Ready?
Nonprofit financial statements must show all incoming and outgoing funding to demonstrate accountability and compliance.[Read more…] about Nonprofit Financial Statements: How To Generate Compliant Reports
Can knowing accounting grow your nonprofit and lead to nonprofit sustainability? If you don’t understand accounting principles, your nonprofit may struggle to fulfill your mission and achieve your goals. Why is understanding the principles of accounting so fundamentally important?[Read more…] about Why Accounting Is The Key To Nonprofit Sustainability