Many Nonprofits rely on annual special events as a significant source of annual revenue to help supplement their fundraising efforts. However, accounting for these events can often be challenging. Events may include gala dinners, golf tournaments, marathons,...
In recognition of the extraordinary business climate resulting from the COVID-19 pandemic, the Financial Accounting Standards Board (FASB) is providing relief from implementation of two major accounting standards for private companies and not-for-profit (NFP)...
On March 24, 2020, the Health Resources & Services Administration (HRSA) announced the release of $100 million in fiscal year 2020 COVID-19 funding for community health centers (CHC). The awards range from approximately $50,000 to more than $300,000 with an...
IRS issues procedural guidance for requesting refund of parking tax for nonprofit organizations The IRS has issued guidance on how to request a refund of any parking tax paid by nonprofit organizations. As a recap, the Tax Cuts and Jobs Act of 2017 created Internal...
Being financially fit and stable is critical to any business, including a not-for-profit (NFP). If a NFP has a weak financial position, it may not be able to sustain its operations. While the perception by many in today’s society is that most NFPs are generally...
SingerLewak understands that each Nonprofit business is unique. Our key to success is that we learn about your organization and customize services to your specific needs. Only then can we design a service delivery approach that answers your specific needs and...
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