June, 2023
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Connecticut and Illinois are two more states making changes to their audit thresholds
Nonprofit organizations have different filing thresholds depending on which state they reside. Connecticut and Illinois are two states that are changing their audit thresholds that nonprofit organizations must follow going forward. Learn more here.
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Treasury Releases Much Awaited Guidance on Monetization of Energy Credits
Treasury and the IRS have released much anticipated guidance outlining how tax-exempt entities can monetize certain green energy tax credits under the Inflation Reduction Act’s elective pay program. Our team will be reviewing the new guidance and releasing commentary in the coming days … stay tuned! In the meantime, the IRS has posted frequently […]
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What is an endowment? And how do you determine when to spend from one?
Endowments can be tricky, so it’s important to understand what they are and when to spend from them.