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.
Getting ready: Revenue recognition and not-for-profit entities
It is not too early to begin anticipating and mapping out the impact on your organization of FASB Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606).
Form 990-N, 10 years later
Prior to the passage of the Pension Protection Act of 2006, small exempt organizations, other than black lung benefit trusts (Form 990-BL) or private foundations (Form 990-PF) that did not meet the $25,000 gross receipts test of the Form 990-EZ, were excused from filing with the Internal Revenue Service (IRS).
Cybersecurity for nonprofits: Understanding threats and weaknesses
Many nonprofit organizations do not consider themselves as potential targets for a cyberattack because they think they do not possess information hackers want.
Source: RSM US LLP
Used with permission as a member of the RSM US Alliance