“No margin, no mission” is the rallying cry for nonprofits (NPOs) to be more business-like. In this session, you will learn how NPOs and for-profit businesses are alike and different. We’ll discuss the best practices that can be utilized by the NPO to become more strategic, profitable, efficient and accountable, current trends affecting NPO organizations and more.
In this session, we'll provide a FASB Update with a focus on ASU 2018-08 - the recently issued ASU on revenue recognition of grants and contracts by NFP entities. We'll also discuss other recently issued standards and projects.
In addition to impacting how nonprofits are taxed, the Tax Cuts and Jobs Act of 2017 has affected how donors are giving to charitable organizations. In this session, you’ll learn where nonprofits stand two years into tax reform, and get an update on how the tax law is being implemented, including UBTI and the new taxes on transportation fringe benefits, executive compensation and net investment income, as well as the effect of tax reform on charitable giving.
In this session, we’ll dive into the new Government Auditing Standards (Yellow Book 2018) which will be effective June 30, 2020. We’ll discuss an overview of the Yellow Book changes, independence and non-audit services, Uniform Guidance and the Single Audit including the challenges with procurement, the 2019 Compliance Supplement and more.