Nonprofit Newsflash

Guidance Released on Taxable Income from Parking and Other Fringe Benefit

By Marc Berger, CPA, JD, LLM The bill known as the Tax Cuts and Jobs Act, enacted in December 2017, added new Section 512(a)(7) to the Internal Revenue Code (IRC).

Lessons Learned From Implementing ASU 2016-14 – Functional Expenses

By Tammy Ricciardella, CPA Nonprofit organizations with calendar year ends are working to implement the provisions of Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements

GASB Simplifies Accounting for Capitalized Interest

By Susan Friend, CPA The Governmental Accounting Standards Board (GASB) Statement No. 89 (Statement), Accounting for Interest Cost Incurred before the End of a Construction Period, which is effective for

IRS Answers Many Questions on New 21% Executive Compensation Tax

Tax-exempt and certain governmental entities, as well as their for-profit entities, may need to pay an excise tax on executive compensation and parachute payments in excess of $1 million per

Guidance Released on Taxable Income from Parking and Other Fringe Benefit

Guidance Released on Taxable Income from Parking and Other Fringe Benefit

Lessons Learned From Implementing ASU 2016-14 – Functional Expenses

GASB Simplifies Accounting for Capitalized Interest

IRS Answers Many Questions on New 21% Executive Compensation Tax

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