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UPDATES&INSIGHTS: NONPROFIT – March 2018

In this edition:

Tax Reform for Exempt Organizations – The Rest of the Story

By Lyndel Lackey, HoganTaylor Tax Partner

With the most comprehensive changes in the Internal Revenue Code since 1986 now a reality under the Tax Cuts and Jobs Act of 2017 (the TCJA), obviously there are both winners and losers.  After analysis, it can be said that the nonprofit sector drew the short straw. This article addresses provisions of the TCJA at a high level and provides some insight as to the potential impact on Nonprofits. Read More

Tax Cuts and Jobs Act – What Does it Mean for Your Donors?

By Ashley Cooper, HoganTaylor Tax Senior Manager

While we have the actual legislation and have begun to interpret the law, there is still much speculation around what impact the Tax Cuts and Jobs Act (the TCJA) will have on both individuals and exempt organizations. This article elaborates on how nonprofits will be affected by changes to the standard deduction. Read More

Why Should Donors Give to Your Nonprofit?

By Jack Murray, HoganTaylor Assurance Partner

The recent passage of the Tax Cuts and Jobs Act of 2017 (the TCJA) may create challenges for nonprofit organizations. This article will help your organization prepare for them with six components of a successful and sustainable development program. Read More

Tax Reform & Changes to College and University Seating Rights

By Marisa Gibbs, HoganTaylor Tax Senior

With the recent passage of the Tax Cuts and Jobs Act of 2017 (the TCJA), there will be many changes and uncertainties for nonprofits. One change that will greatly impact colleges and universities is the repeal of the deduction for athletic event seating rights. Read More

Nonprofit Financial Reporting: Sequencing Assets

By Dmitry Volfson, HoganTaylor Assurance Senior Manager

The Financial Reporting Executive Committee (FinREC) issued an opinion with significant implications regarding financial reporting for Nonprofit organizations. This article addresses this opinion and provides some insight as to its potential impact.  Read More

What does a 990 Reveal to the Public About Your Organization?

By Tyler Bates, HoganTaylor Tax Staff

When an organization is required to file a Form 990, it must be made available to the public. Since they are public, it’s a good idea for nonprofits to spend time thinking about what these forms reveals about their organization. This article outlines the Form 990 and how it can be leveraged by nonprofits. Read More

Change in Arkansas Filing Instructions

By Michelle Mann, HoganTaylor Tax Senior Manager

Due to legislation in 2017, all tax filings that formerly went to the Arkansas Attorney General are now directed to be filed with the Arkansas Secretary of State. Find out where to send your Form 990 and AR CR-03 forms. Read more