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Featured Insights

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Navigating Federal Funding Freeze Uncertainty: What Organizations Need to Know and Do

In an unprecedented move, the Office of Management and Budget (OMB) issued Memorandum M-25-13 on January 27, 2025, implementing a temporary pause...

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Are You Leveraging Your Software’s Full Potential?

In the realm of financial management, accounting software integration is a game-changer. It’s a key strategy for businesses seeking to...

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Nonprofits Pivot from Survival to Resilience: BDO 2023 Nonprofit Standards Benchmarking Survey

The BDO 2023 Nonprofit Standards Benchmarking Survey of more than 250 nonprofits highlights a crucial shift in the nonprofit sector...

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Sassetti’s Insights

Management

Are Your Activities Accurately Depicted in Your Functional Expense Analysis?

By: Amy Guerra, CPA The financial statement presentation for not-for-profit entities (NFP) experienced an overhaul with Accounting Standards Update (ASU)…

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Management

Corporate Volunteering Trends and How Nonprofits Can Tap Into Them

By Adam Cole, CPA, and Andrea Espinola Wilson Amid the early stages of the COVID-19 pandemic, many nonprofits saw an…

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News

U.S. Department Of The Treasury Issues Final Rule For Coronavirus State And Local Fiscal Recovery Funds

By: Stacey Powell, CPA, CFE, CICA The U.S. Department of the Treasury (Treasury) released the Final Rule for Coronavirus State…

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Tax

IRS Tax-Exempt And Government Entities Division Releases Fiscal Year 2021 Accomplishments Letter

By: Marc Berger, CPA, JD, LLM The IRS Tax-Exempt and Government Entities (TE/GE) Division released its “Fiscal Year 2021 Accomplishments…

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News

Nonprofit Items to Note – Spring 2022

Office of Management and Budget (OMB) Issues Addenda to 2021 Compliance Supplement OMB issued a Federal Register notice announcing the…

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Management News

How to Handle Abandoned 401(K) Accounts Amid the Great Resignation

The trend of U.S. workers leaving their jobs and employers struggling with high levels of employee turnover continues to gain…

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