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During this session, we’ll discuss the state of philanthropy in Greater Boston and any shifts that have occurred due to changes in the Tax Cuts and Jobs Act of December 2017. We’ll also discuss the case for philanthropic support in the current climate and comment on any giving changes they have seen in their respective organizations. This presentation will highlight how advisors can work with their clients to help them shape and achieve their goals for philanthropic impact using techniques inclusive of giving vehicles, asset types and timing, with a focus on non-cash assets. Additionally, it will also highlight how the Boston Foundation is poised to support accountants as an extension of the service provided to their clients.
There are a number of important technology trends that are emerging right now that will have significant impact on every organization in the coming years. As a CPA / CFO serving not for profit organizations, it is imperative that you gain a baseline understanding of these technologies and the ways in which they can potentially impact your organization. This presentation will focus on four major technology trends that are converging on the scene; big data and data analytics, the internet of things (IoT), Artificial Intelligence (AI) and Blockchain technology.
This session will focus on implementation of ASU 2016-14, Presentation of Financial Statements of NFP Entities. The session will discuss implementation examples of the accounting standard.
This session will focus on the requirements of ASU 2018-08, Clarifying the Scope and Guidance for Contributions Received and Contributions Made. This session will provide an overview of the new standard and provide some implementation examples.
Transnational criminal enterprises are targeting nonprofit organizations and CPA firms along with anyone that uses email and has access to a bank account. These schemes, which appear complicated at first, are really nothing more than social engineering going after the weakest link in any organization: people. When your money is stolen, the chances of recovery are slim to none as well as bringing who is responsible (usually people who are overseas) to justice. During this session, we’ll discuss how almost all these incidents could have been prevented without spending money through a few simple tips.
2018 was certainly a year of uncertainty in the nonprofit tax world! The Tax Cuts and Jobs Act was passed late in 2017 with provisions impacting tax-exempt organizations, IRS guidance was slow in coming in 2018, and the November elections have many of us wondering about tax law changes going forward.
Over the last few years, the FASB has issued record numbers of accounting standards updates (ASU). Several of them have been part of its simplification efforts. Several have significant impact to NFPs such as ASU 2016-14 which significantly changes not-for-profit reporting and disclosures and ASU 2018-08 which impacts contributions made and contributions received (grants). This session will discuss these pronouncements as well as the AICPA’s NFP Revenue Recognition Task Force’s analysis of how ASU 2014-09 specifically impacts NFPs. We will also hit the high spots of recently issued ASUs to help you prepare for the changes that will be implemented now and over the next two to three years.