FASB Releases Lease Accounting Standards Update (ASU 2016-02)
FASB has issued its long-awaited lease accounting standards update that impacts non-profits. The update aims to improve financial reporting about leasing transactions and will affect all...
FASB Update for Non-Profits and Health Care Entities
Most recently, the Financial Accounting Standards Board (FASB) has tentatively affirmed items regarding financial statements for the proposed FASB Accounting Standards Update, Not-For-Profit...
On Form 990, Part VI: Governing Body and Independence
The IRS Form 990 annually provides comprehensive details on an organization’s financial results and its activities. A key section of the IRS 990 Form is Part VI and the importance of governing body...
IRS Form 990-N Change Effective February 29, 2016
The Internal Revenue Service (IRS) has announced a change in how non-profit organizations annually file their IRS Form 990-N Electronic Notice (e-Postcard) for Tax Exempt Organizations that are not...
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