Nonprofit organizations play a vital role in society by addressing various social, cultural, and environmental needs. To effectively manage their…
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…
2024 Revised Uniform Guidance
2024 Revised Uniform Guidance On April 22, 2024, the Office of Management and Budget (OMB) issued guidance for “Federal Financial…
Expense Allocation in Managing a Non-Profit Organization
Expense allocation is a crucial aspect of managing a non-profit organization. Proper allocation ensures that resources are used efficiently and…
Accurate Record-Keeping is Critical for Non-Profit Organizations
When it comes to running a non-profit organization, good record-keeping is absolutely essential. Not only does it help in maintaining…
INVENTORY CONTROL: The Standard Cost Inventory Valuation System Series
Part I: Introduction to the Standard Cost Method by Izabela Poludniak The Standard Cost method involves establishing a predetermined cost…
