Contact Us Follow Us :       | Find Us |
CBIZ Tofias

Subscribe to Our Blog

Client Satisfaction Survey Results

ClientSatisfaction_new

Follow Us

Does Your Not-For-Profit Have an Effective Audit Committee?
Posted by Allan Klose on Mon, Sep 24, 2018 @ 05:08 PM

Not-for-profit organizations should take a page from the public company playbook when it comes to their governance. The Sarbanes-Oxley Act of 2002 (SOX), makes it a requirement for public companies to have an audit committee that follows several key mandates for reporting annual financial statements. Regardless of size, all not-for-profit organizations can benefit from having an audit committee as well, that can help with governance strategies and, ultimately, provide the best chance to ensure the organization’s success.

Read More

Topics: not-for-profit, NFP, nonprofit, Audit Committee, not-for-profit board of directors, SOX

5 Tips for Not-For-Profits in a Tight Labor Market
Posted by Jay Meschke on Fri, Sep 7, 2018 @ 04:25 PM

It’s a tough time for any organization looking to hire right now. The unemployment rate in July was at its lowest level since 1969, and all signs indicate that the trend will continue. Baby boomers will also continue to retire, leaving a massive void in the workforce.

Read More

Topics: not-for-profit, NFP, nonprofit, CFO, not-for-profit talent, Jay Meschke, competing for talent, retain talent, recruiting, not-for-profit recruitment

New Charitable Contribution Regulations May Require Not-For-Profits to Step-Up Their Game
Posted by Bill Smith on Thu, Sep 6, 2018 @ 06:30 PM

The 2017 tax reform law gives donors more of an incentive to make charitable contributions, increasing the deduction allowed for cash contributions to public charities from 50 to 60 percent of adjusted gross income. Substantiating that deduction, however, may be more challenging due to recently finalized IRS regulations.

Read More

Topics: Charitable contribution planning, charitable giving, not-for-profit, Charitable Contribution Deductions, Tax Reform, Taxes, Bill Smith, Nate Smith

Donor Information Requirement Going Away for Some Not-For-Profits
Posted by Brenda Booth on Tue, Jul 31, 2018 @ 11:24 AM

Tax-exempt organizations other than those organized under 501(c)(3) or political organizations (under Section 527) will soon be able to leave off donor names and addresses from their Form 990s. The change to the annual tax filings will apply to tax years ending on or after Dec. 31, 2018, according to IRS Rev. Proc. 2018-38. Requirements for 501(c)(3) and Section 527 organizations remain the same. These organizations will continue to report the names and addresses of donors that meet certain threshold requirements as part of their Form 990, Schedule B.

Read More

Topics: not-for-profit, NFP, Brenda Booth, Donor Information, tax-exempt organizations, Section 527, 501(c)(3), Form 990

Should My Not-For-Profit Accept Cryptocurrency?
Posted by Brenda Piazza on Wed, Jul 25, 2018 @ 11:42 AM

By now you have probably heard of Bitcoin and other cryptocurrency – the virtual money traded online using encrypted peer-to-peer software. But, until now, you may not have thought about how the technology could benefit your not-for-profit organization.

Read More

Topics: not-for-profit, NFP, nonprofit, Bitcoin, Cryptocurrency, Brenda Piazza, Mark Winiarski, Blockchain

Increased Thresholds for Micro-Purchases and Small Purchases Effective Immediately
Posted by Michelle Sylvia Spriggs on Tue, Jul 10, 2018 @ 06:01 PM

On June 20, the Office of Management and Budget (OMB) released a memo on new thresholds for micro-purchases and small purchases under the Uniform Grant Guidance. The OMB memo dramatically increased these thresholds, which should simplify purchase processes for not-for-profit organizations receiving federal funds.

Read More

Topics: not-for-profit, NFP, Michelle Spriggs, nonprofit, OMB, Federal OMB Grant, Uniform Grant Guidance, micro-purchase

A Cybersecurity Primer for Not-For-Profit Organizations
Posted by Michelle White on Tue, Jun 26, 2018 @ 03:49 PM

From large organizations to small local associations, cybersecurity is a concern for everyone in the not-for-profit sphere. Yet, because it can often feel like a foreign subject, many organizations aren’t comfortable even describing what cybersecurity is and what it means for their day-to-day operations, which typically means organizations may not be doing what they need to mitigate the associated risks.

Read More

Topics: not-for-profit, NFP, cyber attacks, cyber security, Michelle White

Is Your Form 990 At Risk for an Exam?
Posted by Lisa Burke on Fri, May 11, 2018 @ 10:27 AM

The IRS may be faced with a declining workforce and budget, but it’s still active in monitoring compliance for not-for-profit organizations. In its 2018 work plan, the IRS stressed its data-driven approach to selecting Form 990s to examine. Each filed return is scanned and analyzed on 200 data points. Those meeting certain criteria are flagged for potential exam. Some of those data points include:

Read More

Topics: not-for-profit, NFP, tax effect, Lisa Burke, Form 990, Form 990-EZ, tax-exempt, IRS

Make Your Form 990 A Roadmap for Donors, Board Members, the IRS and the Public
Posted by Lisa Burke on Wed, Apr 11, 2018 @ 02:22 PM

With the May 15th due date for calendar year not-for-profits just around the corner and provisions inthe Tax Cuts and Jobs Act increasing scrutiny on not-for-profits’ executive compensation, employee benefits, and unrelated business income, it’s a good time to take a look at the message your organization’s tax return is sending. In years past, the IRS Form 990 was no more than a compliance task; an annual filing requirement to keep the IRS at bay. After all, there is no tax due, so what’s the big deal?

Read More

Topics: not-for-profit, NFP, tax effect, Lisa Burke, Form 990, Form 990-EZ, tax-exempt, IRS, Charity Navigator, GuideStar, Amazon Web Services

Regulation Round-Up for Not-For-Profits: New Requirements to Monitor
Posted by Brenda Booth on Tue, Mar 20, 2018 @ 07:50 AM

Over the past several months, regulators have released new guidance that will affect not-for-profit accounting and taxes. The following highlights some of the major developments from the end of 2017 and the beginning of 2018.

Read More

Topics: not-for-profit, NFP, Brenda Booth, tax effect, Form 1023-EZ, Donor-Advised Funds, Mark Winiarski, Excise Taxes, DAF

Popular Posts

Browse by Tag

see all