In an unprecedented move, the Office of Management and Budget (OMB) issued Memorandum M-25-13 on January 27, 2025, implementing a temporary pause…
UBIT Triggers for Nonprofit Organizations
Nonprofits must be diligent in identifying potential UBIT-triggering activities and understanding how these activities align or conflict with their tax-exempt…
What is UNICAP? Section 263A Explained
What is UNICAP? UNICAP is an IRS tax treatment rule. It is also considered an IRS accounting method, but…
HR Q&A – Rules for Form I-9
Nonprofit Volunteers: Unpaid Employees or Independent Contractors?
Tax-exempt organizations often refer to individuals who assist with various activities related to the exempt purpose of the organization as…
2024 Revised Uniform Guidance
2024 Revised Uniform Guidance On April 22, 2024, the Office of Management and Budget (OMB) issued guidance for “Federal Financial…
