The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, has introduced the most significant overhaul of information reporting in decades....Read More
The Internal Revenue Service recently updated the electronic filing procedures for Form 8976, Notice of Intent to Operate Under Section 501(c)(4). Organizations that intend...Read More
In July 2025, the Financial Accounting Standards Board (FASB) issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable...Read More
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...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....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...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...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...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...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...Read More
