By Nonprofit Practice Leaders | May 14, 2020

Nonprofit Financial Sustainability During COVID-19

While the Coronavirus Aid, Relief, and Economic Security (CARES) Act provided some financial relief for struggling nonprofits, it falls far short of fully covering their needs. Our latest blog post offers tips for sustaining nonprofit finances during the COVID-19 pandemic.


By Nonprofit Practice Leaders | April 03, 2020

How does the CARES Act Help Nonprofits and Higher Education Institutions?

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...


By Andrea Wilson | March 27, 2020

OMB Guidance Provides Relief to Federal Award Recipients Amid COVID-19

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...


By Andrea Wilson | March 13, 2020

Coronavirus Strikes Nonprofits in More Ways than One

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.


By Tammy Ricciardella | February 10, 2020

FASB Issues Proposed Standard Related to Reference Rate Reform

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...


By Nonprofit Practice Leaders | January 28, 2020

What Plan Sponsors Need to Know About DOL Enforcement and Red Flags

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...


By Nonprofit Practice Leaders | December 23, 2019

Special Alert: Congress Repeals Onerous “Parking Tax”

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?


By Lee Klumpp | December 10, 2019

Nonprofits Have One More Year to Comply with New Lease Accounting Standards

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?


By Nonprofit Practice Leaders | December 02, 2019

Introducing BDO’s Year-End Giving Resource Hub for Nonprofits

#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...