For manufacturers, choosing the right financing option is (almost) as important as choosing the right equipment. Learn about the four most common financing options, as well as the one tax credit that manufacturers are always missing out on. Read more
Recently, the AICPA Auditing Standards Board issued a suite of standards that effect the Auditor’s Report. It places the auditor’s opinion at the front of the audit report and strengthens the transparency of the auditor’s opinion, clarifies responsibilities, and otherwise strengthens the audit process.
Read moreLast Fall, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to improve transparency in the reporting of contributed nonfinancial assets, also known as gifts-in-kind, for not-for-profit organizations. Read the article to learn more about it.
Read moreAfter multiple delays ASC 842, which provides new guidance on leasing standards, is taking effect for private companies and nonprofits for fiscal years beginning after December 15, 2021. Earlier guidance allowed organizations to omit certain lease assets and liabilities from their balance sheet. ASC 842 was designed to close the loophole. Read our analysis to learn more.
Read moreThe new Encompass Rating System allows Charity Navigator to rate organizations at scale, automatically analyzing tax forms for three consecutive years. At the time of the rollout, Charity Navigator had increased the total number of rated nonprofits from 9,000 to 160,000. It also expands eligibility to smaller and less established nonprofits that didn’t meet the requirements previously.
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