As noted in the Winter 2011 issue of the Nonprofit Standard, the Financial Accounting Standards Board (FASB or the Board) added a standard-setting project to its agenda entitled “Not-for-Profit Financial Reporting: Financial Statements.”
Make QuickBooks Yours in 2014: Customize
QuickBooks can be used as is (with some exceptions), but you can customize many elements to improve your workflow, your form output and your business insight.
Treasury and IRS Modify Health FSA “Use-or-Lose” Rule
On October 31, the U.S. Treasury Department modified its FSA “Use It or Lose It” provision to allow rollover of health FSA funds. This means that the risk of losing…
The Risks Of Nonprofit Executive Compensation
If you’re a highly compensated executive at a nonprofit and in a position to influence how much you earn, you may be at risk.
Individual Year End Tax Planning
Whether over the river and through the woods or merrily preparing your holiday decorations, the last thing you want to think about is tax planning. However, waiting until January to address any strategies to reduce your 2013 tax burden is a bit too late.
Obama Proposes New College Rating System
In a speech delivered on August 22, 2013, President Obama outlined a set of broad proposals aimed at controlling college costs with a goal of making college more affordable.
What If I Get An IRS Notice?
Recently, the industry has noticed a dramatic uptick in the amount of notices the Internal Revenue Service and the various state revenue agencies have mailed to taxpayers.
Operating Leases: To Be or Not To Be?
That is the Question! Big changes can be expected for GAAP accounting. Whether or not International Financial Reporting Standards (IFRS) are fully adopted by the United States, both the FASB (US governing body of accounting standards) and the IASB (International governing body for IFRS) have been collaborating on convergence standards that WILL affect reporting standards in the United States.
Do You Need a More Robust Version of QuickBooks?
Maybe you just need to study your current version thoroughly. But it might be time to move up.
If QuickBooks were just one product, its appeal would be more limited than it is. Because there’s an entire family of Windows desktop software applications (as well as five online versions and a Mac edition), the QuickBooks family has found a home in millions of small businesses, and it remains the market leader.
Urgent Nonprofits Update: Notice of Health Insurance Options
Under the Affordable Care Act, all nonprofits with paid staff are required to let their employees know about options available to them regarding access to health insurance.