Education Newsletter July 2021: HEERF III brings additional funding along with new questions

Like other types of organizations across the country and beyond, institutions of higher education (IHEs)  have struggled financially ...
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Does your nonprofit owe tax on its sponsorships and advertising?

Your not-for-profit may prefer to avoid activities that subject it to unrelated business income tax (UBIT). But if ...
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Can taxpayers who manage their own investment portfolios deduct related expenses? It depends

Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses and ...
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IRS continues to address COVID-related leave

The American Rescue Plan Act (ARPA), signed into law earlier this year, amended and extended the tax credits ...
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Cryptocurrency donations: Will your nonprofit accept them?

Cryptocurrency has gone mainstream, and if you’ve been sitting on the fence about accepting donations in virtual currency, ...
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IRS audits may be increasing, so be prepared

The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns ...
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Be prepared for 401(k) casualty loss hardship distribution requests

As weather-related events continue to occur with great frequency and severity across the country, it’s possible that one ...
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Tackling volunteer liability issues

During the pandemic, your not-for-profit may have been forced to operate without your dedicated volunteers. It has probably ...
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Are you a nonworking spouse? You may still be able to contribute to an IRA

Married couples may not be able to save as much as they need for retirement when one spouse ...
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Surprise, surprise: HR initiatives depend on people

To keep up with the ever-changing nature and demands of the 21st Century workplace, employers need to regularly ...
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Is your nonprofit complying with federal procurement requirements?

“Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” (Uniform Guidance) applies to all not-for-profits that ...
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Nonprofit Newsletter June 2021: 5 Trends Your Nonprofit Needs to Understand

By: Aleisa Howell, CPA As the Covid-19 pandemic ebbs in the U.S., the country is excited about a ...
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