On January 20, 2026, the Internal Revenue Service issued Revenue Procedure 2026-8, updating the procedures for obtaining and maintaining group tax exemption letters. The guidance...Read More
In December 2023, the FASB issued ASU 2023-09, which amends ASC 740, Income Taxes, to enhance the transparency and disaggregation of income tax disclosures. While...Read More
Every tax-exempt organization relies on its ability to carry out its mission without incurring unnecessary financial burdens. Maintaining that status requires careful attention to IRS...Read More
One Big Beautiful Bill Act The One Big Beautiful Bill Act, recently signed into law, enacts wide-ranging updates to U.S. tax policy. The legislation makes...Read More
Top Tax Tips for Nonprofits in 2025 Navigating tax compliance is a crucial responsibility for nonprofit organizations. To ensure a smooth tax season and maintain...Read More
The recent devastating wildfires in Los Angeles have impacted countless lives, including employees, their families, and local communities. In response, employers can provide meaningful support...Read More
The Office of Management and Budget (OMB) updated and revised guidance for federal financial assistance, including revisions to 2 CFR Part 200 Uniform Administrative Requirements,...Read More
The Inflation Reduction Act of 2022 introduced changes in clean energy tax credits, particularly impacting tax-exempt organizations. The legislation allows these organizations, traditionally outside the...Read More
