Author: Courtney Healy

OMB Extends Single-Audit Deadlines for Recipients of COVID-19 Funding

by Courtney Healy

single audit

In December 2020, the Office of Management and Budget (OMB) issued new guidance on single audits in the form of an addendum to the 2020 OMB Compliance Supplement.

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Nonprofits: Here’s What You Should Know about ID Theft

by Courtney Healy

identity theft

Due to several common factors—including a lack of internal controls, as well as less resources available for prevention and recovery—many nonprofit organizations are particularly vulnerable to fraud and identity theft.

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Tax Provisions: Inflation-Adjusted Amounts for 2021

by Courtney Healy

Recently, the IRS issued the 2021 annual inflation adjustments for many tax provisions, including several that pertain to nonprofit organizations. Let’s take a look at the adjustments that matter to you:

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The Accounting Standard Updates Nonprofits Need to Know

by Courtney Healy

Accounting standard updates for nonprofits

In 2020, the FASB issued a number of accounting standard updates (ASUs) that will impact nonprofit organizations. Below is our roundup of what nonprofit organizations need to know.

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