The HoganTaylor Nonprofit practice’s Client Advisories are designed to keep you informed of the latest developments in the nonprofit industry. These advisories bring you the latest updates on accounting, tax, and financial issues as they become available.
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President Donald Trump signed an executive order Thursday that impacts a provision in the U.S. tax code commonly known as the Johnson Amendment. The Johnson Amendment prohibits all section 501(c)(3) organizations from directly or indirectly participating in, or intervening in, … Continued
By Lyndel Lackey, HoganTaylor Tax Partner, and Ashley Cooper, HoganTaylor Tax Manager As information return filing season is upon us, we wanted to take the time to remind you of the risks associated with failure to file timely or filing … Continued
On November 25, 2015 the Federal Audit Clearinghouse (FAC) reopened and is again accepting single audit submissions. Additionally, the single audit submission deadline has been further extended to January 31, 2016. Upon first entering the FAC Website, users will be … Continued
The Federal Audit Clearinghouse (FAC) has been shut down due to a security incident. The official statement from the U.S. Department of Census is as follows: “The U.S. Census Bureau is investigating an IT security incident relating to unauthorized access … Continued
By Denise Felber, Partner at HoganTaylor and Nonprofit practice group member On July 17, the House of Representatives passed HR bill 4719 titled “America Gives More.” We cannot predict the possibility of if and when this bill will become law. … Continued
In our continuing efforts to monitor the activity of the Financial Accounting Standards Board (FASB) and the Not-For-Profit Advisory Committee (NAC) recommendations, we are issuing this advisory on recent tentative decisions reached by the FASB. At the latest meeting on … Continued