Unlock the potential of corporate sponsorships for your nonprofit without falling into the Unrelated Business Income Tax (UBIT) trap. This article guides you through distinguishing qualified sponsorships from taxable endorsements, helping protect your tax-exempt status while maximizing support. Discover strategies to navigate UBIT, ensuring your organization benefits without unexpected liabilities.
Discover how crowdfunding can be a powerful tool for nonprofits while navigating the complex tax implications it brings. Learn about crucial IRS thresholds, reporting requirements, and best practices to ensure compliance and maximize your fundraising efforts. Dive deeper to understand the benefits and challenges awaiting your organization in this evolving fundraising landscape.
Enhancing board financial literacy is crucial for nonprofit leaders to align resources with their mission, ensure transparency, and manage stakeholder expectations. This guide explores the importance of financial savvy, from assessing competencies to fostering ongoing learning and visualizing key metrics. Dive into strategies that empower boards to make informed, strategic decisions.
Discover how nonprofits can harness the power of AI and automation to enhance efficiency, deepen donor relationships, and maximize their impact. While preserving the essential human touch, these technologies can streamline operations, allowing teams to focus on mission-driven activities. Dive into strategies for successfully integrating AI while maintaining genuine connections with supporters.
Financial audits for nonprofits offer more than just compliance; they provide strategic insights to enhance operational efficiency, boost donor trust, and mitigate financial risks. By embracing audits, nonprofits can discover valuable opportunities for transparency and accountability that propel them towards sustainable growth and stronger stewardship.
Discover how mastering cash flow forecasting can empower your business to secure better loan terms and make informed financial decisions. Learn why timing your loan requests, understanding loan structures, and selecting the right lender are crucial to cultivating a thriving business landscape. Dive into actionable insights that keep your business on solid financial ground.
With increasing IRS scrutiny on executive fringe benefits, companies of all sizes must ensure correct reporting of perks like stock options and luxury services. Discover why the IRS is focusing on these benefits and learn strategies to reduce audit risks while maintaining transparency. Dive into the proactive approaches that can safeguard your business from costly surprises.
The latest edition of RSM’s guide provides more examples and covers the FASB’s project on accounting for debt exchanges.
The FASB issued ASU 2025-04 on accounting for share-based consideration payable to a customer that will address diversity in practice.
The amendments require an entity to consider the same factors that are currently required for determining which entity is the accounting acquirer in other acquisition transactions.