posts tagged as Legislation


By Nonprofit Practice Leaders | March 21, 2022

Best Practices for SVOG Single Audit Readiness

Hard-hit small businesses received more than $16 billion in much-needed COVID-19 relief through the Small Business Administration’s (SBA) Shuttered Venue Operators Grant (SVOG) program. Many organizations that received this funding may... read more


By Nonprofit Practice Leaders | November 11, 2021

Data Shows Nonprofits are Optimistic for 2022: Benchmark Yourself Against Industry Peers

Over the past 18 months, the nonprofit industry has felt an accordion effect of pressures stemming from COVID-19 and its related impacts. Inevitably, there were varied experiences for organizations across sectors, from surges in demand... read more


By Barbara Finke | February 18, 2021

Federal Funding Terms Demystified

As a result of the COVID-19 pandemic, many entities are receiving federal funding for the first time through measures like the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and subsequent relief bills. But with these funds... read more


By Nonprofit Practice Leaders | February 01, 2021

CARES Act Employee Retention Credits for Nonprofit Employers

Many nonprofits have struggled to stay afloat since the onset of the COVID-19 pandemic. Fortunately, recent legislation offers organizations additional support by retroactively eliminating limitations on—and extending and enhancing—the... read more


By Lee Klumpp | July 21, 2020

Congress Passes the Protecting Nonprofits from Catastrophic Cash Flow Strain Act to Assist Nonprofit Organizations

On July 2, 2020, the Senate unanimously passed legislation to assist nonprofits and governmental entities. The House passed the bill in a pro forma session on July 9, 2020. The bill is now headed to the president for his signature. read more


By Nonprofit Practice Leaders | June 17, 2020

New Data – Nonprofits, Benchmark Against Your Peers and Push Your Mission Forward

Facing unprecedented disruptions, the world is relying on nonprofits more than ever before. Now in its fourth year, our annual Nonprofit Standards benchmarking survey arms your organization with the metrics needed to gauge how you stack... read more


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? read more


By Marc Berger | July 27, 2018

Significant Rule Change for Tax-Exempt Organizations Reporting Donor Information

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... read more


By Nonprofit Practice Leaders | April 12, 2018

Nonprofits Can Apply SEC Guidance Related to Tax Reform – FASB Q&A

A recent Q&A issued by the Financial Accounting Standards Board (FASB) indicates that nonprofits can apply guidance from the Securities and Exchange Commission (SEC) for applying Topic 740, Income Taxes, as it relates to tax reform. read more


By Nonprofit Practice Leaders | March 29, 2018

Six Tax Reform Issues Impacting Nonprofit Organizations

The new tax law profoundly impacts tax-exempt organizations. What are the top six tax reform-related issues nonprofits will need to address? Find out in BDO’s latest Nonprofit Standard blog post. read more