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UPCOMING EVENT: The Construction KPI Playbook with ASA
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Important Non-Profit News!
Nonprofit organizations received great news to start the new year. The 2017 Tax Cuts and Jobs Act disallowed a deduction for parking expenses paid by the employer, and for several nonprofit organizations, increased their unrelated business taxable income (UBTI). The increase in UBTI resulted in nonprofits filing a Form 990-T and paying a UBTI tax. […]
New Accounting Rules for Leases
In February 2016, the Financial Accounting Standards Board (FASB) issued the final rules for lease accounting. This new lease standard will affect organizations with real estate, equipment and other similar type operating leases. Generally, leases with term in excess of 12 months will be recorded on the balance sheet as an asset (right to use […]