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Not-For-Profits Should Prepare for Enhanced Scrutiny of Liquidity
Posted by David Brown on Wed, Apr 27, 2016 @ 10:47 AM

After a recent meeting, the Financial Accounting Standards Board (FASB) voted to draft the final accounting standard related to the first part of its not-for-profit financial statement presentation project. Among the changes are provisions that will make a not-for-profit’s liquidity more transparent.

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Topics: ASU, David Brown, not-for-profit, FASB, nonprofit, liqudity

Reminders About Prohibited Political Activity and Other Considerations for Not-For-Profits in an Election Year
Posted by Brenda Booth on Tue, Apr 26, 2016 @ 04:46 PM

Elections have a tendency to permeate everything, from television coverage to social media and even conversations in the workplace. For not-for-profits, keeping politics out of the work environment is essential.

501(c)(3) organizations are, by the definition of their tax-exemption, absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office. As such, they should be carefully monitoring their activities and those of their employees for anything that could be deemed politicking. If organizations cross the line with engaging in politics, there could be serious penalties or loss of tax-exempt status.

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Topics: lobbying, advocacy, tax, election year, Brenda Booth, not-for-profit, IRS

Join Us for the 2016 AICPA National Not-for-Profit Conference
Posted by Chrissy Hammond on Wed, Apr 20, 2016 @ 12:31 PM

CBIZ Tofias and Mayer Hoffman McCann P.C. are pleased to sponsor the 2016 American Institute of Certified Public Accountants (AICPA) National Not-for-Profit Conference being held on June 27-29, 2016, at the Gaylord National Resort & Convention Center, National Harbor, MD.

Considered the premier annual conference for this sector, it brings together the industry's top experts and thought leaders to offer their perspectives on the most crucial issues facing not-for-profit organizations and the practitioners who serve them.

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Topics: AICPA, NFP, NFP Conference

Improve Your Not-for-Profit’s Credit Card and Data Security
Posted by Karen Cassella on Fri, Apr 15, 2016 @ 02:58 PM

The ability to accept and protect credit cards is essential for all entities, including not-for-profit organizations. From ticket sales to donations, book and gift stores, dining halls, food sales and the bursar’s office, there is no escape from the use of payment cards.

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Topics: not-for-profit, Non-profits, NFP, Karen Cassella, PCI, PCI Compliance, PCI DSS

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