By Nonprofit Practice Leaders | December 07, 2016

You’re Invited: Webinar – Top Ten Risks Facing Nonprofits Internationally

On Monday, December 12th at 12:30 p.m., tune into our webinar for an engaging discussion on the top ten risks facing nonprofits with international operations. Along with our cohosts Venable LLP, we examine pressing issues that nonprofit organizations grapple with abroad – from both a financial and legal perspective.

By Nonprofit Practice Leaders | November 16, 2016

You’re Invited: Webinar – Joint Activities – Over 15 Years and the Controversy Still Exists

Nonprofits often conduct activities that seek to both provide fundraising opportunities and serve to communicate their missions, but accounting for the costs of these activities has long been under scrutiny. Join us this Friday, November 18, from 1-2:40 p.m. EST for our final...

By Nonprofit Practice Leaders | November 15, 2016

International Tax Issues Impacting Nonprofits Part 2: Foreign Income Tax for Employees

In the first installment of our international series, we provided guidance for nonprofits awarding grants abroad. Now, we turn our attention to nonprofits that have employees temporarily working or based on foreign soil. If your organization employs anyone working outside of...

By Nonprofit Practice Leaders | November 11, 2016

Podcast: Lee Klumpp Discusses FASB ASU with New York Nonprofit Media

As we’ve discussed in depth on this blog, the Financial Accounting Standards Board (FASB) issued the biggest change to nonprofit accounting in two decades this August. Now that the dust has settled on the announcement, many organizations are starting to think about how to...

By Lee Klumpp | November 04, 2016

FASB Proposes a Clarification to Nonprofit ASU

​This weekend, the Financial Accounting Standards Board (FASB) issued a proposed technical correction to ASU No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements for Not-for-Profit Entities. As our readers will know, we’ve discussed this major...

By Rebekuh Eley | October 27, 2016

Top 5 Considerations for Choosing a Donor Advised Fund vs. Private Foundation

Donor advised funds (DAF), which are often explored as alternatives to establishing a private foundation, have garnered a lot of attention in recent years. In fact, Fidelity Charitable recently reported that DAFs now outnumber foundations 3:1 and are one of the most rapidly...

By Nonprofit Practice Leaders | October 20, 2016

The Fall Nonprofit Standard Newsletter is Live, In Case You Missed It

With #GivingTuesday right around the corner, it’s critical that nonprofits prioritize their fiscal health to make the most of the busiest fundraising season of the year. For insights to help you check the temperature on your nonprofit’s financial practices, look no further...

By Nonprofit Practice Leaders | October 13, 2016

You’re Invited: Webinar – Board Collaboration: Leveraging Communication Tools and Technology

Is your board fully engaged? Board engagement is critical to a nonprofit’s success, but can prove challenging when members are balancing their board responsibilities with numerous other commitments. To address these challenges, BDO’s Center for Corporate Governance and...

By Laura Kalick | October 10, 2016

IRS Issues 2017 Work Plan for Tax Exempt Organizations

The Tax Exempt and Government Entities division of the IRS just issued its FY 2017 Work Plan, which builds upon the agency’s 2016 priorities and its mission to work smarter with fewer resources. This idea of “working smarter” includes targeting audit initiatives so the IRS...