In this session, the FASB's lead staff member for not-for-profits will discuss the latest developments in US GAAP that affect not-for-profit organizations. The session will focus on: new standards (ASUs); implementation issues for recent standards (leases, credit losses); and FASB projects in the pipeline. We'll leave time for your questions, so please bring them!  

Overview of the updates to the Form 990 series forms for 2022 and through the lens of the paid preparer. Highlights of the updates to the Forms, and ongoing frequent issues with gathering information from taxpayers and disclosure items which trip up paid preparers and their clients.  

The past several years has seen a seismic shift in the “Present of Work”. While these new work models offer many benefits, they can also present unique challenges when it comes to engaging and motivating employees. In this session, we will explore strategies and best practices for engaging employees in a remote environment. 

In this session, we will explore the different types of tax-exempt and philanthropic vehicles, taxable nonprofit corporations, and philanthropic LLCs. We will discuss the major differences in governance, tax treatment, and regulatory oversight and restrictions among these different entities. 

In this session important updates for 2023 audits performed under Uniform Guidance will be covered. Additionally, activities of standard-setting bodies and regulators that impact the single audit environment, and how they can affect your audit practice will be reviewed. By the end of the session, you will have increased awareness of the key updates, trends, and best practices to stay current in the dynamic world of single audit compliance.

In this session, we will take a deep dive into leases and cover examples, calculations, journal entries, financial statement presentation and disclosures, as well as tips for adoption and implementation. By the end of the session, you will have a deeper understanding of lease accounting and how to implement it effectively in your organization. 

Most tax-exempt organizations are required to publicly disclose their Form 990. Within the Form 990 is a wealth of information about each organization's exempt purpose activities, governance, policies & procedures, in addition to their financial health. In this webinar, we will outline the parts of the Form 990 and explain how to capture this information from the readily available Form 990. 

This session will cover the basics in identifying an unrelated business activity. The session will dive into the sponsorships, joint ventures and rental property activities. At the end we will cover the 2022 updates to the Form 990-T. 

This session will update attendees on the current activities of the Auditing Standards Board, including a discussion on the recently effectuated standards and how they will impact planned audit procedures and reporting practices. 

In-depth discussion on various nonprofit tax matters. Our team of experts will discuss topics relating to self-dealing, private operating foundations issues, public support and lobbying activities of nonprofits.

Form 990 can be a complex document to navigate, and there are common pitfalls that organizations should watch out for. In this session, we will provide an overview of Form 990, including what to look for, common pitfalls, and examples of good and bad Form 990s. In this session, we will provide an overview of Form 990, including what to look for, common pitfalls, and examples of good and bad Form 990s. 

In this session we’ll discuss Accounting Standards Codification (ASC) 842, Leases, including a high-level understanding of the standard. We will walk through lessons learned from the implementation of this standard and discuss best practices to implement the standard correctly.

This session is designed to provide some of the fundamentals that are specific to the revenue recognition and the financial reporting requirements for nonprofit entities. These areas are different than other types of entities and the objective is to provide an overview and education on these differences.