Nonprofit Financial Sustainability During COVID-19

While the programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act are primarily intended to assist businesses, there are many programs nonprofits and higher education institutions can benefit from. As nonprofits and institutions grapple with...

Nonprofits and higher education institutions continue to be on the front lines of the novel coronavirus (COVID-19) pandemic. As organizations wrangle with ensuring the welfare of their own people and enabling the “new normal” of remote work, they are also contending with how...

The rapid spread of COVID-19 around the world has impacted all sectors. The nonprofit industry is no exception—in fact, they face more challenges than most. Read our latest blog for more on how organizations can minimize the risks associated with coronavirus.

With LIBOR on its way out, FASB has issued a proposed Standards Update governing a wide range of necessary contract modifications triggered by reference rate reform. It’s also laid out several temporary optional practical expedients to help smooth the transition. How should...

Are your employee benefits and compensation plans being managed correctly? Penalties for failing to meet compliance obligations can be costly and devastating—and they fall upon plan sponsors, not service providers. Our latest blog post identifies common errors and provides...

New federal funding legislation cleared Congress and the White House, repealing a provision from the 2017 Tax Cuts and Jobs Act commonly known to nonprofits as the “parking tax.” Is your tax-exempt organization entitled to a refund?

FASB recently announced an extension for private companies that must become compliant with new lease accounting standards. What many nonprofits may not know is that this requirement applies to them. They have one year to go. What do they need to know?

#GivingTuesday is fast approaching, marking the start of the year-end giving season that is so essential to the fundraising efforts of many nonprofits. To help organizations make the most of the season, the BDO Institute for Nonprofit ExcellenceSM launched a giving resource...