Amid the COVID-19 pandemic, many employers are looking for tax-advantaged ways to help their employees with additional expenses incurred as a result of the pandemic. Section 139 of the Internal Revenue Code provides the answer. On March 13, 2020, President Trump declared COVID-19 a national disaster under the Robert T. Stafford Disaster Relief and Emergency[ … ]
Category: Nonprofit
Industry Outlook 2019-2020: Nonprofit & Government
What is different is nonprofit leaders’ approach to their administration and missions. Boots on the ground organizations have invested in brand perception positioning as well as administrative tools, intended to enhance their reputations and reduce overhead costs. For example, nonprofits are going paperless and equipping field representatives with tablets to communicate and report more easily.[ … ]
Industry Outlook 2018: Not-for-Profit & Government
The 2018 Arizona CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the not-for-profit & government segment here in terms of growth, risk factors, strengths and trends. A variety of community outreach, research, academic, associations and charitable organizations responded to the CFO Spotlight Survey for the third[ … ]
The Accountant and Child Care Advocacy: Part Two
quote by Franklin Delano Roosevelt Preparation: Making Sense of Child Care Advocacy as an Accountant As I began to educate myself on what I had signed up for as a Parent Advocate, I soon realized the connections to the local community. I learned that Child Care Aware® of America is the national organization that supports[ … ]
The Accountant and Child Care Advocacy: Part One
Photo courtesy: http://usa.childcareaware.org/about/2017-child-care-aware-of-america-policy-summit/ You may be wondering how you landed on an article written by a CPA that is not related to a technical issue? Allow me to explain. Recently, my wife and I received an opportunity to attend the Child Care Aware® of America’s 2017 Family Advocacy Summit. This 3 part series will take[ … ]
Industry Outlook: Not-For-Profit
The 2017 CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the not-for-profit segment here in terms of growth, risk factors, strengths and trends. A sampling of community outreach, research, academic media, and charitable organizations responded to the CFO Survey. Two-thirds of organizations were from Tucson and[ … ]
Uniform Guidance Handouts
Organizations, including not-for-profit entities, receiving federal awards are subject to the new Uniform Guidance. The Uniform Guidance was effective for fiscal years beginning after 12/26/14 and supersedes guidance from previous OMB circulars. Most organizations will be impacted by these changes during their 2015 or 2016 fiscal year. Changes include increasing the threshold for requiring single[ … ]
Politics and Lobbying: Be Involved But Not At Risk
“If that bill gets passed it is really going to set us back. But what can we do? Charities can’t get involved in politics, right?” You’re probably aware that there are potential dangers for your charity if it gets involved in political or lobbying activity. But the charitable community’s stake in the political and legislative[ … ]
Before donating a vehicle, find out the charity’s intent
If you donate your vehicle, the value of your deduction can vary greatly depending on what the charity does with it. You can deduct the vehicle’s fair market value (FMV) if the charity: Uses the vehicle for a significant charitable purpose (such as delivering meals-on-wheels to the elderly), Sells the vehicle for substantially less than[ … ]
