Top Issues for Not-for-Profits This Year

Christopher Cole, Associate Director- Product Management and Development. Association of International Certified Professional Accountants. As auditors and management begin to prepare for June 30 year-end audits, it’s a good time to share some of the top concerns for not-for-profits this year. How can not-for-profits reassure donors that their contributions are in safe hands? What key… Read More

5 Upcoming GAAP Changes Not-for-Profits Should Know

Wrapping your head around the accounting standards changes on the horizon is no easy task—let alone figuring out which ones deserve the most attention. To help with this, I have highlighted five Financial Accounting Standards Board (FASB) Accounting Standards Updates (ASUs) that not-for-profit accounting professionals should consider prioritizing this year. The following updates have fast-approaching… Read More

IRS Issues 2017 Car-Truck Depreciation Limits

The IRS on Friday issued the 2017 inflation adjustments to the car-truck depreciation limitations and lease inclusion amounts for certain automobiles under Sec. 280F. This year’s guidance includes figures for vehicles that are placed in service in 2017 and to which first-year bonus depreciation applies. For passenger automobiles (other than trucks or vans) placed in… Read More