Not-for-Profit Update: January/February 2017

At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit and we understand how important timely updates are to our clients. As a member of the RSM US Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest insights for not-for-profit organizations. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.

Consolidation of for-profit limited partnership by not-for-profit entity
Understanding the latest Accounting Standards Update (ASU) 2015-02 issued by the Financial Accounting Standards Board (FASB).
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Can outsourcing help your organization neutralize rising labor costs?
Outsourcing strategies and their potential to support the success of your nonprofit organization.
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Leveraging the cloud to strengthen your technology platform
The cloud is one of the biggest technology enablers for nonprofits, and has become a valuable information technology tool for many organizations.
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Source: RSM US LLP
Used with permission as a member of the RSM US Alliance
http://rsmus.com/our-insights/newsletters/muse.html

Not-for-Profit Update: November/December 2016

At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit and we understand how important timely updates are to our clients. As a member of the RSM US Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest insights for not-for-profit organizations. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.

Gaining approval and building momentum in fundraising campaigns
Understanding the importance of capitalizing on momentum and further engaging not only donors, but also key volunteers and employees.
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Federal grants management update: Understanding new guidelines
Over the last year, the federal government has implemented several significant changes to grants management regulations that are typically only seen once in a generation.
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The real cost of a data breach
To successfully navigate today’s cyberthreats and effectively respond to data security events, understanding the costs associated with a data breach is critical.
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Large animal shelter leverages RSM FAO resources to manage finances
Financial accounting outsourcing (FAO) helps an animal shelter increase financial efficiency and visibility to build on success and develop a vision for the future.
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Source: RSM US LLP
Used with permission as a member of the RSM US Alliance
http://rsmus.com/our-insights/newsletters/muse.html

Not-for-Profit Update: September/October 2016

At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit and we understand how important timely updates are to our clients. As a member of the RSM US Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest insights for not-for-profit organizations. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.

Fundraising success: Properly managing accounting, risk and technology
Fundraising campaigns are critical to the sustainability of nonprofits, and organizations must consider several key elements to help ensure campaign success.
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Not-for-profits: Important changes ahead
FASB issues new financial statement presentation requirements for not-for-profits.
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Modernizing the finance function in nonprofit organizations
RSM technology and management consulting specialists share insights about the transformation of the finance function from a back-office recording and reporting function to a strategic enabler and insightful advisor for achieving business goals.
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Disclosure requirements for tax-exempt organizations
Important disclosure rules of which a tax-exempt organization’s management and board of directors need to be aware.
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Public charity grant-making: Protecting tax-exempt status
A review is provided of the regulations and best practices for foreign operations of U.S.-based public charities.
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Proposal: Consolidation of for-profit limited partnership by not-for-profit entity
To clarify, the consolidation guidance for not-for-profit entities, the FASB recently issued a proposed ASU.
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Source: RSM US LLP
Used with permission as a member of the RSM US Alliance
http://rsmus.com/our-insights/newsletters/muse.html