GBQ CAP is our bi-weekly email with content specifically focused on non-profit entities. The information sent includes a variety of beneficial technical information alerts, best practices, risk minimization, trend and other ideas.
January 13, 2012
|
December 06, 2011
The Voluntary Classification Settlement Program (VCSP)
provides an opportunity for taxpayers to reclassify their workers as employees for employment tax purposes for future tax periods.
|
November 15, 2011
The Board of a NPO is an important asset that should be properly developed and maintained.
|
October 12, 2011
Washington is looking for ways to increase tax revenues. One method may be to limit the amount of tax benefit those in the higher tax brackets receive from making charitable donations.
|
August 25, 2011
The accounting treatment for donated services depends on whether the services create or enhance a nonfinancial asset, require special skills and would need to be purchased if they were not donated.
|
July 15, 2011
Fraud continues to be a topic of discussion for all organizations but can be particularly troubling for non-profit organizations. This is part four of a four part series.
|
June 21, 2011
On June 8, 2011, the IRS released a list of approximately 275,000 organizations (with approximately 11,000 being in Ohio) that have automatically lost their tax-exempt status.
|
June 06, 2011
Fraud continues to be a topic of discussion for all organizations but can be particularly troubling for non-profits. This is part three of a four part series on fraud.
|
May 10, 2011
A tax credit not just for the “taxable”.
|
April 26, 2011
Fraud continues to be a topic of discussion for all organizations but can be particularly troubling for non-profit organizations. This is part two of a four part series.
|
April 13, 2011
BDO has released the March 2011 NonProfit Standard, which includes discussion of various topics including executive departure, the 2010 Form 990, analyzing NPO financial statements and others.
|
March 30, 2011
The IRS has changed the requirements for the form that tax-exempt organizations are required to file for tax year 2010 (2010 calendar years or fiscal years starting in 2010).
|
March 16, 2011
Fraud continues to be a topic of discussion for all organizations but can be particularly troubling for non-profit organizations. This is part one of a four part series.
|
March 01, 2011
Our second article related to IRS initiatives discusses the primary focus of the IRS into the next year. It is important to understand their focus related to your organization’s tax-compliance.
|
February 11, 2011
Our first article related to IRS initiatives discusses the accomplishments of the IRS over the past year and where they have focused their attention. It is important to have an awareness of these initiatives and how they relate to your organization.
|
January 24, 2011
The expanded Form 990 can be used to increase transparency and involve more than just your accounting department. This article discusses building a solid organization and working on successful fundraising.
|
December 15, 2010
Operating leases may be a thing of the past. New accounting standards are being discussed that would result in all leases being recorded as capital leases.
|
November 05, 2010
All NPOs know the importance of their board; however, some may not understand the board's purpose and expectations. This article provides some insight into these issues.
|
September 01, 2010
Many NPOs have loans with covenant requirements in order to maintain certain interest rates or terms. The following article provides suggestions for discussing loan covenants with your bank and ways to help you negotiate your covenant requirements.
|
August 17, 2010
The following article discusses Recovery Act funding as well as important items to consider when applying and receiving this new type of federal funding.
|
August 04, 2010
The IRS has granted a one-time special relief program for filing the 990-N and 990-EZ.
|
July 21, 2010
Benefits of Audit Committees and Audit Committee Charters for
Not-for-Profit Organizations.
|
June 28, 2010
As you may know, GBQ is a member of the BDO Seidman Alliance, which includes the Institute for Nonprofit Excellence. The institute is offering two webcasts that qualify for CPE related to the nonprofit industry.
|
June 09, 2010
While you may have other things on your mind this summer, it is important to consider fraud risks in your organization and the prevention controls you have in place.
|
June 01, 2010
Blackbaud, Inc., the leading global provider of software and related services designed specifically for NPOs, has released a list of the top ten future trends for nonprofits.
|
May 13, 2010
Relevant and timely information on different topics related to Healthcare organizations, including the status of Medicaid funding, FIN 48 uncertainty in income taxes, and 403(b) plans.
|
May 03, 2010
In the past, tax-exempt organizations with gross receipts normally under $25,000 were not required to file a Form 990 or 990-EZ. However, a provision of the Pension Protection Act of 2006 requires that all exempt organizations file a tax form.
|
April 14, 2010
Any Organization Can Win High Visibility and Build a Strong Brand by
Using Smart but Inexpensive Public Relations Tactics.
|
March 19, 2010
The economic storm stressing nonprofits makes it critical they know their finances, financial risk and strategic options, and be bold in
making financial plans and changes, experts say.
|
March 08, 2010
This article discusses the competition for attracting donors and shares ideas for how you can improve your fundraising initiatives.
|
February 22, 2010
This summary prepared by BDO Seidman outlines some of the specific changes to the new 403(b) requirements and how it could affect your organization.
|
February 08, 2010
A FIN 48 update for exempt organizations.
|
January 11, 2010
This article discusses recently released guidance that describes the types of deficiencies in internal control, as well as the levels of deficiencies.
|
November 30, 2009
Published by the Foundation Center, this article discusses the economic factors affecting Foundations during 2009, which will have an effect on Non-Profit Organizations during 2010.
|
November 16, 2009
Legislation introduced in Congress could provide temporary relief for nonprofits faced with huge increases in pension contributions in the coming years.
|
November 02, 2009
A closer look at the future of audit, accounting and IRS compliance for non-profits.
|
October 19, 2009
An operational resource for board members of charitable organizations.
|
October 05, 2009
This NonProfit Times article discusses social venture partnerships, which are a new form of fundraising and increasing volunteerism and awareness of Non-Profit Organizations.
|
September 08, 2009
Within the past year, there have been new state laws enacted and accounting pronouncements which discuss the spending of endowment funds and how to account for these.
|
August 10, 2009
The Nonprofit Technology Network, Common Knowledge and The Port Social Media Solutions conducted a survey earlier this year of almost 1,000 nonprofit professionals regarding their use of online social networks.
|
June 15, 2009
Now, more than ever, is the time for demonstrable accountability and decisive action.
|
June 01, 2009
FASB information sheet regarding the new Codification that will be effective July 1, 2009.
|
May 04, 2009
Baby Boomers, the generation that changed the face of America now takes on the challenges of aging. As they retire, they offer a treasure of volunteer experience.
|
April 20, 2009
The IRS continues to tighten its reigns on nonprofit governance, an area it clealy targeted in the newly redesigned Form 990.
|
April 06, 2009
Have you filed your organization's Form 990-N? Recent visitors to GuideStar's Web site were warned that this spring, nearly half a million nonprofits could lose their tax-exempt status.
|
March 23, 2009
Even with insightful planning and sound risk management—people are injured, fires destroy & investments evaporate. When “stuff happens,” savvy nonprofits know that action is needed and that action has to be communicated to stakeholders.
|
February 23, 2009
With shrinking bonuses, disappearing raises, and even layoffs occurring in many companies, executive management and boards are challenged to foster a positive, productive corporate
environment. But how do they get there from here? Where do they begin?
|
January 26, 2009
If you review the status of your investment portfolio as of your year-end, do you have certain holdings whose fair value is below cost? If so, you have some added assessment and potential accounting work to do.
|
January 12, 2009
GBQ Partners is a member of the BDO Seidman Alliance. The attached article is from BDO’s National Accounting Department regarding Not-For-Profits.
|
December 15, 2008
How would a donor rate your Organization? The attached article is from the donor's perspective and helps the donor identify a solid NPO to give to. The article was developed by Charity Navigator.
|
December 01, 2008
With stocks plummeting and global-scale recession looking more frighteningly probable, nonprofit organizations can't rely on "business as usual" to survive.
|
November 17, 2008
Charity leaders can expect President-elect Barack Obama and Congress to push for changes in the federal tax structure that could spur giving and add new regulations for charities and donors, tax experts say.
|
November 03, 2008
Harvard Business School professor Herman B. "Dutch" Leonard discusses today's challenges and his Executive Education program on Governing for Nonprofit Excellence.
|
October 07, 2008
With the release of the revised Form 990 just around the corner,
tax-exempt entities should start gaining an understanding of the questions that will be asked on the new Form.
|
September 22, 2008
As summer announces its close, Ohioans will soon begin planning for the holidays. Many times, those preparations include making annual donations to local nonprofit organizations and it’s not too late for organizations to start planning a holiday campaign.
|
August 25, 2008
No organization is exempt from fraud risks. Large frauds have led to the downfall of entire organizations, massive investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital markets.
|
July 22, 2008
Keeping nonprofit organizations in touch with supporters is a personal mission and profitable business for entrepreneur-activists Christ Hanson and Mark Paquette.
|
July 15, 2008
How is the world of the Web affecting the worlds of philanthropy, advocacy and politics?
|