Is Running a Nonprofit with a For-Profit Vision the New Normal?

Most nonprofits already have good audit committee charters, but why settle for good? Consider taking five steps to strengthen your audit committee charter and go beyond one that simply articulates the committee’s core responsibilities.

Now that GDPR is officially in effect, it’s time for nonprofits to think about developing a holistic privacy program. In this new era of data privacy, it’s essential for organizations to keep employees apprised of new privacy requirements, embrace recordkeeping and instill...

For government auditors, the release of the new Yellow Book on Generally Accepted Government Auditing Standards means they will need to navigate significant changes while maintaining a focus on quality.

New IRS guidelines eliminate the need for certain tax-exempt organizations to report donor information in their annual tax filings. The move is designed to reduce compliance costs for organizations and the IRS, and to keep donor information more secure. BDO’s latest Nonprofit...

New guidance from the IRS makes it easier for many nonprofits to restructure or enter a merger, while retaining their tax-exempt status. The Nonprofit Standard blog explains what’s changed.

Robotic process automation (RPA) is helping both for-profit and nonprofit organizations do more with less. How are businesses using it today, and how can nonprofits adapt it for their needs? Joe Sremack, director of BDO’s Data Analysis & Software Robotics practice, explains...

The new tax reform law included a lot of provisions important to nonprofits, including a 21 percent excise tax on executive compensation. Our latest blog post has details.

Today, the Financial Accounting Standards Board (FASB) issued clarified guidance on accounting for contributions. To help nonprofits understand the changes, the Nonprofit Standard blog outlines a practical example of how to classify a grant and explains how the updated...