Year-end filing requirements

Whether organizations are receiving donations, giving employee gifts, or thinking about acknowledgment letters, we've prepared a review of the requirements and some things to consider before you file.



Difficulty of care payments: New guidance on employment taxes

The IRS has recently issued guidance related to the taxability of certain payments to individual care providers of eligible individuals under a state Medicaid Home and Community-Based Services waiver program. These payments are excludable from gross income for federal income tax purposes under section 131 of the Internal Revenue Code. Learn what you need to know.


Gifts-in-kind: Tax implications to consider

Due to a lack of specific guidance on presentation of gifts-in-kind other than contributed services, FASB issued Accounting Standards Update (ASU) 2020-07 Not-for-Profit Entities (Topic 958). Understand more about the new standard and get a refresher on existing tax implications for gifts-in-kind.


The Current Expected Credit Loss accounting standard: What you need to know

This new standard applies to a broad range of financial instruments, meaning it affects a lot of organizations outside the banking industry. Assessing your readiness is critical, as the standard goes into effect for all remaining organizations in 2023. Here's what you need to be ready.


Board oversight of cybersecurity: Questions to ask

The board of directors' role in the oversight of organizational risk is increasingly complicated by cybersecurity concerns. Our expert shares questions boards need to ask to help mitigate risk. See how detailed cyber risk oversight within the board can help other areas of the organization.


Have questions?

Contact our NFP team

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