Can Your Nonprofit Organization Participate in the Election?
As another year of presidential election campaigns heats up, nonprofit organizations may be tempted to join the fray. Although it’s been said that politics and tax exemptions for not-for-profits don’t mix, that’s an oversimplification of the restraints imposed on Section 501(c)(3) organizations. Granted, Section 501 nonprofits can’t engage in political campaigning. Because of the consequences,…
What Are the Most Common Form 990 Mistakes Nonprofits Make?
Each year, your nonprofit organization must carefully determine the proper Form 990 return to file because penalties can be assessed for failing to file the right version. If a form is materially incomplete or the wrong return is filed, the IRS will return Form 990 series forms filed on paper — and reject electronically filed…
Lessons Learned with Revenue Recognition and Functional Expenses
This webinar provides lessons learned from recognized nonprofit audit experts on revenue recognition implementation with regard to Topic 606 and Topic 605. The discussion includes policies, grant and contract review, and documentation, as well as disclosures surrounding the new revenue standards. Our presenters take participants through the Statement of Functional Expenses and discuss the changes…
The IRS Releases this Year’s Dirty Dozen Tax Scams
Each year, the IRS compiles a list of 12 common tax scams that taxpayers may encounter during the year. This year, the “dirty dozen” list focuses on scams that target individual taxpayers, with special emphasis on aggressive and evolving schemes related to COVID-19 tax relief. Included on the list are scams related to Economic Impact Payments…
Keep Calm and Assess Your Risk with Enterprise Risk Management (ERM)
Enterprise Risk Management (ERM) is more important than ever – is your organization onboard? Nationally-recognized nonprofit risk experts present the many lessons learned by nonprofits and associations during the COVID-19 pandemic. Learn how ERM helped organizations navigate and survive during the unprecedented crisis. Learning Objectives: Understand today’s top threats to nonprofits Apply best practices used…
HIPAA Special Enrollment during the COVID-19 Emergency
Here’s a HIPAA-related question from one employer. Q. How long are the extended HIPAA special enrollment periods during the COVID-19 emergency? A. In response to the COVID-19 emergency, the Department of Labor and IRS issued a joint rule extending the HIPAA special enrollment periods for group health plans that are subject to ERISA. (Health and Human Services has…
Five Ways to Prepare Your Nonprofit for Leadership Change
Has your not-for-profit anticipated a shake-up at the top? If not, it needs to. Perhaps your long-standing CEO will decide it’s time to retire. Or maybe your board will determine that your current leader is ineffectual. Or perhaps your organization will agree to merge with another nonprofit or undertake a restructuring that requires a leader…
Tax-Favored QSBC for the COVID-19 Era and Beyond
The COVID-19 crisis has taken a toll on many small businesses. But some winners are expected to emerge from the wreckage. Unprecedented steps will be taken to guard against health risks from COVID-19 and whatever might come along next. The new normal will create new opportunities. Small businesses that can respond to those opportunities will…
Checklists for Privacy, IT and Third-Party Risk
Assess your organization’s risk with these checklists Is your organization focused on the right issues when it comes to privacy, IT asset protection and third party risk management? To help clients identify and prioritize the most critical risks, GRF has developed comprehensive checklists that highlight vulnerable areas for most organizations. Use these checklists to analyze…