2025 is the year to do things differently! It is not just the emergence of AI combined with ongoing funding and workforce challenges nonprofit organizations face mounting difficulties in today’s rapidly changing world. To thrive in 2025 and beyond, your nonprofit must be agile, adaptable, and proactive while rethinking its business model. Join us for…
2024 was a turning point for tax planning, with the election and potential shifts in administration poised to impact tax policy for estates, businesses, and individuals. Join GRF’s tax experts as we unpack the key tax strategies for navigating this transformative year. Key takeaways: Impacts of the election on tax policies. Expectations of the next…
Sharpen Your Competitive Edge in Government Contracting for 2025 When is the last time you really thought about your business, including your competitive edge in the federal contracting space? As we approach 2025, government contractors face a rapidly evolving landscape that requires strategic adaptation and keen awareness of emerging challenges and opportunities. Join GRF’s Government…
The implementation of the Current Expected Credit Loss (CECL) model marks a significant shift in how nonprofits approach financial reporting and credit loss estimation. Introduced by the Financial Accounting Standards Board (FASB), CECL requires organizations to estimate expected credit losses over the life of a financial asset, replacing the previous incurred loss model. As we…
Another Sage Intacct quarterly release is here! Sage Intacct, a best-in-class cloud financial management platform, is the first and only cloud financial management solution endorsed by the AICPA. One of its many outstanding qualities is the frequency of new feature releases. Sage Intacct seamlessly releases four quarterly releases per year, and each is rich with…
The Office of Management and Budget (OMB) recently published its final revisions to the federal Uniform Guidance (2 CFR Part 200). This revision outlines compliance and reporting requirements for federal financial assistance, such as grants and loans. These changes become effective on October 1, 2024 and are noted as the most significant updates to Uniform…
Government contractors who also serve commercial clients are uniquely positioned to leverage diverse opportunities while navigating complex regulatory environments. While this dual engagement offers significant benefits, it also requires careful management of compliance and operational strategies. Understanding the dynamics and strategic considerations of this business model provides valuable insights for contractors aiming to maximize their…
Despite the best of intentions, things don’t always go as planned. That’s why an organization’s reserves, or net assets without donor restrictions, serve as a hedge against economic fluctuations, unexpected expenses, and/or revenue shortfalls. With the financial cushion provided by reserves, your association can maintain operations and continue delivering services to members even during the…
Many nonprofits are surprised to learn they may be eligible for tax incentives under the Inflation Reduction Act of 2022 (IRA), a landmark legislation that aims to boost the transition to a low-carbon economy. One of the key features of the IRA is the direct pay option, which allows tax-exempt organizations to receive cash payments from…
Sage Intacct, a best-in-class cloud financial management platform, is the first and only cloud financial management solution endorsed by the AICPA. One of its many outstanding qualities is the frequency of new feature releases. Sage Intacct seamlessly releases four quarterly releases per year, and each is rich with enhancements and new features bringing you the…