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Nonprofit Newsletter Winter 2017

In this edition:

Changes to Reporting Expenses by Nonprofit Organizations

By Jack Murray, CPA, HoganTaylor Lead Nonprofit Partner

Accounting Standards Update 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, represents the first significant change in nonprofit financial reporting since the 1990’s.  We have previously discussed the highlights of this standards update in summary form.  We will be discussing specific aspects of the changes in more detail in the next few newsletters. Read more

Simple Transactions That Cause Big Problems for Your Private Foundation

By Ashley Cooper, HoganTaylor Tax Manager

There are several types of transactions that seemed to be routine and simple transactions that could also cause issues for your private foundations. One of the biggest areas of prohibited transactions deals with self-dealing. Read more