News & Insights
News
Insights
Recent Posts
- Repair or Improvement: Does the Distinction Matter Under Current Tax Law?
- Restructure Your Nonprofit with Confidence
- Which Products Really Drive Your Business’s Profits?
- IRS Releases Guidance on the Paid Family and Medical Leave Tax Credit
- Plan Before Expanding Your Nonprofit’s Staff
- The Business Lifecycle Part 5: The Expansion Stage
- Worker Misclassification Can Carry Serious Consequences
- Take Control of Working Capital
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Is That a Lease? A Focus on Nonprofit Lease Considerations under ASC Topic 842
While Accounting Standards Codification (ASC) Topic 842 is applicable to all entities, the adoption of the new leasing standard by nonprofit organizations is bringing into focus some unique considerations that…
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Stolen Faith: How Internal Control Reviews Could Save Your Religious Institution from Fraud
By: Gary Loew Theft is as old as time. There have been documented instances of people taking things that were not theirs for as long as there have been…
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Businesses, Be Prepared to Champion the Advantages of an HSA
With concerns about inflation in the news for months now, most business owners are keeping a close eye on costs. Although it can be difficult to control costs related to…
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What is a SBITA?
GASB 96 (Governmental Accounting Standards Board Statement No. 96) provides guidance for governmental entities’ accounting and financial reporting of subscription-based IT arrangements (SBITAs). Subscription-based information technology arrangements (SBITAs) are…
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MPSERS 147c(2) One-Time Deposits
The State School Aid Act was recently amended to include one-time distributions under section 147c(2) to participating districts of the Michigan Public Schools Employees Retirement System. These additional payments will…