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Nonprofits – if you own an interest in debt financed real property, you could be subject to UBTI.  Read more on this technical catch in the tax law here.

Does your company sell to, distribute in or operate in multiple states?  With the variable cacophony of sales, use, income, franchise and gross receipts taxes across the country, trying to manage your activities in multiple jurisdictions without the support of an experienced team of CPAs can easily lead to a difficult audit by state taxing

While they may have initially denied it, according to this article, more and more evidence in IRS audits appear to point to the agency’s knowledge of taxpayer’s possessions, travels, and in particular, if they go off bragging online on how they beat the system through possibly questionable tactics. It seems the truth is that the

That is question your will soon need to answer in your financial statements. According to new Accounting Standards from FASB, this new inclusion will be mandatory for all effective for fiscal years starting after December 15, 2017. Click this link for more info.

In fact, in hindsight, a significant number may come from a much warmer place. What, as the company’s financial leader can you do to meld both parts of the combo into a profitable, growing machine? Here are some thoughts from CFO Magazine that lays out six steps that could serve as your road map to

Before ever asking for the first nickel on a fundraising drive, you and your fundraising team had better get themselves inside the heads of the potential donors. Many emotions, tax deduction needs and issue-focused giving all come into play at various levels. Recognizing the giver’s motivation can make the difference in the success of your

…Unless you take out the temptation for an employee to “borrow” from you. You see, there are three triggers to all fraud. For the fraudster, there’s a “need” for the cash and secondly, their ability to rationalize that you really owe them that money or that they tell themselves they will pay it back. So,

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

So you received the dreaded “nasty-gram” from the IRS. Here are some common sense steps that you should take that you may wish to save for that day. IRS Notice Response

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