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A Not-for-Profit’s Guide to Upcoming Accounting Changes
Posted by Mike Burns on Thu, Dec 17, 2015 @ 01:31 PM

We remain in a relatively quiet time for changes in accounting and reporting standards affecting not-for-profit organizations, notwithstanding larger proposals affecting the intermediate and longer term. Some of the near term changes are essentially tweaks to ensure organizations are following standards with consistency rather than having the diversity in practice that can sometimes arise. Despite not having any major changes to report, we encourage all organizations to pay close attention to all new accounting rules as they may find themselves in a special or unique circumstance that could affect their reporting. 

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Topics: accounting, Federal OMB Grant, Non-profits, OMB, NFP, A-133, lease accounting changes, Mike Burns

Why Does Your Not-for-Profit Need A Financial Advisor?
Posted by Mark Perry on Wed, Dec 16, 2015 @ 10:32 AM

By guest contributor: Mark E. Perry, Managing Director, SJ Advisors LLC

In these increasingly challenging and changing financial markets, it is vital to have a “financial advisor you can trust” at your side as you steer your not-for-profit institution through the debt issuance process and other debt related initiatives. A municipal advisory firm (“MA”) provides this guidance and counsel.

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Topics: tax-exempt, not-for-profit, Non-profits, financial advisor, financial markets

Electing 501(h) Makes More Room for Lobbying
Posted by Betty Isler on Mon, Dec 14, 2015 @ 03:29 PM

Lobbying is among the most effective tools not-for-profits have to promote their causes. Not-for-profit and charitable organizations routinely lobby Congress and local governments in support of specific objectives. Whether it is to feed the homeless, rehabilitate drug abusers, support community arts, protect wetlands or serve countless other local, regional, national and international purposes, not-for-profits are permitted to engage in lobbying activities as long as they meet certain guidelines put forth by Congress and the IRS.

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Topics: lobbying, not-for-profit, Non-profits, NFP, Betty Isler

Three Opportunities for Not-for-Profits to Lower Benefit Costs
Posted by Jim O’Connor on Fri, Dec 11, 2015 @ 09:31 AM

Although the Affordable Care Act (ACA) ushered in more opportunities for individuals to access health coverage, it has not stemmed the inflationary trend that continues to drive up health insurance costs. Because the health reform law has not slowed the rise in health insurance-related expenses, employers will have to look for ways to do so themselves.

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Topics: not-for-profit, Affordable Care Act, Jim O'Connor, Lower Benefit Costs

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