News & Insights

Supreme Court Ruling on Federal Funding Pause: Key Considerations for Nonprofit CFOs

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Recent developments from the U.S. Supreme Court have significant implications for nonprofit organizations that rely on federal funding. A series of legal battles over the executive branch’s ability to halt […]

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The 2024 Gift Tax Return Deadline is Coming Up Soon

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If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift tax return. And in […]

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FAQs About Reporting Subsequent Events

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Subsequent events are in the spotlight these days. The Public Company Accounting Oversight Board (PCAOB) recently initiated a project to modernize outdated auditing standards related to these events. The PCAOB […]

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Understanding the NIH’s New Indirect Cost Rate Policy: What Nonprofit and Higher Education CFOs Need to Know

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Note: An update to this article is appended to reflect the February 21, 2025 ruling extending a temporary restraining order. The National Institutes of Health (NIH) has announced a major […]

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Ways to Manage the Limit on the Business Interest Expense Deduction

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Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA created Section 163(j), […]

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