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 growing vehicles for charitable giving nationwide. Their rise in prominence has prompted many financial institutions and other public charities to offer DAF arrangements.

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...

By Nonprofit Practice Leaders | October 05, 2016

INFOGRAPHIC: Navigate the FASB Nonprofit Accounting Standard Update

As we’ve covered in earnest here on the Nonprofit Standard, in late August, the Financial Accounting Standards Board released an Accounting Standards Update for nonprofit organizations – the biggest change to nonprofit accounting in over 20 years. While this ASU represents...

By Nonprofit Practice Leaders | September 29, 2016

VIDEO SERIES: Lee Klumpp on the New FASB Nonprofit Accounting Standards Update

Our own Lee Klumpp reconnected with Accounting Today to outline his thoughts on key provisions in the update, how organizations can proactively navigate these changes and what developments still lie ahead in phase two of the project.

By Nonprofit Practice Leaders | September 25, 2016

Telemedicine and Potential Tax Implications for Tax-Exempt Providers

Telemedicine and remote patient monitoring has been a clinical reality and a critical component of healthcare for nearly 60 years, allowing doctors to treat patients who may be too ill to travel.

By Nonprofit Practice Leaders | September 15, 2016

You’re Invited: Webinar – Annual Nonprofit Tax Update

Join us next Thursday, September 22, from 1-2 p.m. EST for our seventh session in the 2016 BDO KNOWLEDGE Nonprofit and Education Webinar Series, the Annual Nonprofit Tax Update.

By Nonprofit Practice Leaders | September 09, 2016

Understanding the Changes to Nonprofit Financial Reporting

By now, our readers are well aware that changes are afoot in the realm of nonprofit financial reporting. In fact, our recent poll indicates that a majority (61 percent) of our readers have reviewed the ASU on the presentation of financial statement of not-for-profit entities...

By Nonprofit Practice Leaders | September 01, 2016

POLL RESULTS: Reactions to the Biggest Nonprofit Accounting Change in 20 Years

Last week, we asked the readers to voice their opinions on the Financial Accounting Standards Board (FASB) ASU No. 2016-14, Not-for-Profit Entities (Topic 958).

By Nonprofit Practice Leaders | August 25, 2016

Reader Poll: What’s Your Take on the New FASB Standard?

We’ve been closely monitoring the project and ASU throughout its development, and have documented and discussed the progress each step of the way.