The Biden administration has announced several reforms to the popular Paycheck Protection Program (PPP) to bring greater relief to the smallest and most vulnerable businesses.

Currently, U.S. citizens and non-U.S. citizens domiciled in the U.S. are entitled to an $11.7 million gift and estate tax exemption and are subject to a maximum marginal gift and estate tax rate of 40%.

In a nutshell, the updated standard requires companies to report both operating and finance leases on their balance sheets.

In recent years, the tax law has encouraged like-kind exchanges of real property by providing an incentive to defer taxable gain on the sale and using a replacement property to rollover gain.

The 2018 Yellow Book was recently updated and includes a significant change regarding auditor independence.

The prospect of an IRS audit can cause even the most level-headed attorney to panic. Take a deep breath.

If your organization is receiving Federal awards, you may be required to have a single audit.

In response to the challenges of the COVID-19 pandemic, FASB issued Accounting Standards Update (ASU) 2020-05, which provides a one-year deferral of the effective dates of ASC 606...

In an effort to provide more useful information to donors, grantors, creditors and other users of the financial statements, the Financial Accounting Standards Board (FASB) released ASU 2016-14...

After repeated postponements by the Financial Accounting Standards Board (FASB), the new lease accounting standard is finally set to take effect for private companies for fiscal years...

Your sales team closes a custom order for a new customer. Then, the production crew works diligently to meet the order's two-week deadline.

The recession has been over for many years and the nation's unemployment rate has returned to below 5%.

There are many circumstances when it makes sense for a not-for-profit organization to engage the services of an outside contractor.

In the current economy, many not-for-profit organizations are looking for new and different ways to engage donors and solicit contributions.

With so much attention these days paid to fundraising ratios, many not-for-profit organizations feel pressure to minimize their fundraising expenses.

Fundraising can commonly be defined as "the process of gathering voluntary contributions of money or other resources, by requesting donations from individuals, businesses, charitable foundations or governmental agencies."

The actual assets that an organization had available for use in the ordinary course of business was blurred on the financial statements.

Approximately 72% of respondents in software provider Abila's Donor Loyalty Survey say their decision to give is affected by an organization's messaging.

Office of Management and Budget (OMB) rules reduce the burden on smaller not-for-profits by increasing the threshold that triggers compliance audits.

The 2015 CohnReznick Not-for-Profit Governance Survey was recently released and sheds light on the state of affairs of governance and risk management in the industry.