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  • Recent Updates
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Recent Updates

FASB Issues New Guidance on Not-for-Profit Financial Reporting

Aug 22 in News Flashes, Nonprofit Updates
On August 18, 2016, The Financial Accounting Standards Board (FASB) released its long-awaited accounting standards update for not-for-profit financial reporting (with some scale-back) to keep the standards for nonprofit organizations aligned with standards for businesses. Click here for Accounting Today’s article regarding the update.

Please let us know if you ... Read More ›

Client in the Spotlight – Chicago Cares

Aug 27 in Nonprofit Updates

Chicago Cares is the city’s leading connector of people, communities, and causes through volunteerism. Since 1991, Chicago Cares has activated 500,000 people in service to address critical issues – from education to health and wellness to job readiness – in every corner of the city.  Volunteers have completed over 1.4 million hours of service through more ... Read More ›

Charity Auctions

Aug 27 in Nonprofit Updates

Due to the various rules governing charity auctions, both large and small organizations need to make sure they have adequate auction procedures. It is important to understand and comply with these rules to protect donors and keep the IRS and state taxing authorities satisfied.

The organization is required to send an acknowledgement of the donated item ... Read More ›
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