By Divya Gadre, CPA Since navigating the headwinds of the past year, nonprofit organizations have reimagined their operations to maintain…
OMB Issues the 2021 Compliance Supplement
By Tammy Ricciardella, CPA On Aug. 12, 2021, the Office of Management and Budget (OMB) issued the 2021 Compliance Supplement…
Blockchain in Privacy for Nonprofits
By Karen A. Schuler, CIPM, CIPP/E, CIPP/US, FIP, CDPSE, CFE, and Taryn Crane, PMP, FIP, CIPM, CIPP/E, CIPP/US Nonprofit organizations,…
Should You Change Your Accounting Method for 2021?
As Congress grapples with tax proposals and the pandemic continues to create uncertainty for businesses, corporations and pass-through entities can…
Illinois Enacts Bill Allowing for PTE Tax Elections
Illinois on August 27, 2021 enacted S.B. 2531, which will allow pass-through entities (PTEs) to elect to be taxed at…
Employee Retention Credit (ERC) – Additional Guidance Released
On August 4, 2021, the IRS issued Notice 2021-49, which provides long overdue guidance for employers that have taken or…
