Expense Allocations & Indirect Rates – Changes in Trends & Implementation for New ASU 2016-14
With organizations now required to present a statement of functional expenses under ASU 2016-14 and their financial information becoming more readily available to both donors and the public, it is more important than ever to have your expenses clearly identified and allocated properly. Incorrect functional and/or indirect allocation can render perfectly legitimate and necessary expenses…
2018 Year-End Tax Planning
With the year coming to a close and the income tax filing deadline near, now is the time to invest resources in tax planning — particularly in light of the major U.S. tax reform provisions that took effect in 2018. See our recent Industry Alert about some of the landmark federal and state changes this…
Your 2019 Cybersecurity Roadmap
Effective cybersecurity measures and actively futureproofing your technology are no longer luxuries or only feasible for large enterprises. Tackling these critical issues together in a smart, coordinated way allows your business to mitigate risk and plan for the future while also maximizing your IT resources and budget. To do this, business leaders should first understand…
Implement Effective Internal Controls with Built-In QuickBooks Online Tools
Financial professionals understand the critical role internal controls play in preventing fraud and helping the organization run efficiently. While some control activities are more difficult to implement, the QuickBooks Online accounting software offers a number of often overlooked built-in tools that will help your organization easily establish strong financial internal controls. Join GRF for an…
Revenue Recognition: New Guidance for Recording Contributions, Grants and Contracts (Topic 605/Topic 606)
In June, FASB issued an update to Topic 958, “Clarifying the Scope of the Accounting Guidance for Contributions Received and Contributions Made” to clarify how nonprofits determine whether a resource provider is participating in an exchange transaction vs. providing a contribution. Understanding how the new guidance affects revenue recognition is critical for all nonprofit organizations….
Manage Risk to Your Organization with Effective Data Security
Managing risk is becoming an increasingly important business concern because data security is not an issue that can be permanently resolved. Adding new complexity to internal security challenges, the new data privacy protection laws place an additional burden on organizations to prioritize security measures around consumer data. In this escalating risk environment, a risk management…
Changes to Recognizing Revenue with Implementation of AUS 2014-09: Is Your Nonprofit Prepared?
Join Gelman, Rosenberg & Freedman CPAs and Financial Executives Alliance for an overview of the new accounting standard as it relates to nonprofit organizations. Our experienced CPAs will review the revenue streams affected and explain the potential impact to revenue recognition, measurement and reporting to help your organization assess the impact and develop an implementation…
Unraveling the Complexity of Expatriate Taxation: How Employers Can Achieve Compliance and Promote Employee Satisfaction
Join Humentum and Gelman, Rosenberg & Freedman CPAs for an overview of common expatriate tax issues and an overview of the complex expatriate HR areas organizations face. Slide Deck Click Here Recording Speakers Troy Turner, CPA | Tax Partner and Director of Tax Kathleen Curtis Fisken, EA, LPA, ATA | Outsourced Accounting and Advisory Services Principal
Implementing ASU 2016-14: Presentation of Financial Statements of Not-for-Profit Entities
Join Gelman, Rosenberg & Freedman CPAs for an in-depth look at the new standard and learn how your nonprofit’s management can leverage it to your advantage. Slide Deck Click Here Recording Speakers Terri M. McKnight, CPA | Nonprofit Audit Partner and Director of Audit Amy Boland, CPA | Nonprofit Audit Partner
Prepare for the Changes Ahead with Employee Benefit Plan Audits and Avoid Common Mistakes
GRF’s experts in employee benefit and pension plan audits will provide participants with an overview of recent and proposed changes, as well as best practices to avoid common issues and errors. Slide Deck Click Here Recording Speakers Jackie Cardello, CPA | Nonprofit Audit Partner, Director of Employee Benefit Plan Audit and Firm Managing Partner Jennifer Arminger,…