Latest Articles

 FASB Proposes Changes to Not-for-Profit Financial Statements

April 29, 2015 

FASB Proposes Changes to Not-for-Profit Financial Statements

The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to improve the information provided in not-for-profit financial statements and notes to financial statements. Stakeholders are encouraged to review and comment on the proposed ASU, Presentation of Financial Statements of Not-for-Profit Entities, by August 20, 2015. “The proposed ASU contains...…

2015 nfl logo 1  5540de932f147

April 29, 2015 

NFL Gives Up Its Tax-Exempt Status

On the eve of its annual draft, the National Football League (NFL) announced that it is giving up its tax-exempt status, according to Bloomberg News and various other media sources. Unlike most other nonprofit organizations, the tax break was considere

tax reform 1  5540d268d98f6

April 29, 2015 

Group Pushes for Entrepreneur Tax Credit, Other Reforms

The groups behind the letter make up the Tax Alliance for Economic Mobility - a national coalition working to advance federal policies that expand savings and investment opportunities for lower-income households through reform of the U.S. tax code.