Category Archives: Not-for-profit

New Law Impacts Nonprofits and Foundations

New legislation signed into law last month as part of a spending bill repeals the nonprofit parking tax, simplifies the private foundation excise tax on investment income, and provides special treatment for disaster relief donations to public charities. Read the … Continue reading

Posted in Not-for-profit, Tax Alerts | Tagged , , , , | Leave a comment

Upcoming Changes For Not-For-Profit Financial Statements

Changes in annual not-for-profit financial statements prescribed in Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities (ASU 2016-14) will affect substantially all NFPs. They are designed to provide more relevant information about an organization’s resources, and the changes in … Continue reading

Posted in Not-for-profit | Tagged , , , | 1 Comment

FASB Changes Will Impact Not-For-Profit Accounting

The Financial Accounting Standards Board (FASB) recently released proposed accounting standards updates that could have a major impact on nonprofit organizations.  The first major update to the not-for-profit accounting model in more than 20 years is expected to “improve financial … Continue reading

Posted in Assurance, DMLO Report, Not-for-profit | Tagged , , , , , , , | Leave a comment

Copyright © DMLO. All Rights Reserved. | 9300 Shelbyville Road, Suite 1100, Louisville, KY 40222