Nonprofit general
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Changes to Nonprofit Reporting of Gifts-In-Kind
Changes to nonprofit reporting of gifts-in-kind is fast approaching. Learn how this new accounting standard may impact your nonprofit.
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Minnesota Assistance Council for Veterans + CLA – A Story of Seamless Support
Written by Keven Truhler and Heidi Grinde Throughout 2022, we will be sharing stories of a number of our incredible clients, and the journey CLA has taken alongside them to help them reach their goals. Up first is a long-time CLA client, the Minnesota Assistance Council for Veterans (MACV) that we have been so proud […]
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ERC Miniseries – Episode VI: Recording the Credits
By Kelsey Vatsaas and Laura J. Kenney Whew – we made it! We thank you and give you credit if you’ve binge-watched this entire mini-series on the ERC. Hopefully you are intrigued to find some credits (i.e. MONEY) for your organization, and now have the tools to do it! This last topic is the last […]
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Infrastructure Bill and its Support for Schools and Nonprofits
On Friday, November 5, 2021, Congress passed the $1.2 trillion bipartisan infrastructure package, the Infrastructure Innovation and Jobs Act. There are many provisions in this future law that benefit schools and nonprofits, included are a few.
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Planning for Efficiency and Value in your Audit
By Jennifer Olivier & Melissa Murphy Believe it or not, there are ways to make an audit an easier and more meaningful to your nonprofit organization. Read on for some tips from the auditors’ perspective. Communication. We all know that communication is important in many aspects of life. During an audit, strong communication is critical […]
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IRS’s Priority Guidance Plan for Exempt Organizations
By Christopher Granucci and Laura J. Kenney Treasury and the IRS recently released their 2021-2022 Priority Guidance Plan (PGP) – their plan to work on providing guidance related to the issues that are most important to taxpayers, tax advisors and industry groups. The plan has 193 priority guidance projects, and includes sections for corporations, partnerships, […]
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ERC Miniseries – Part V: ERC and PPP: Match Made in Heaven?
As you may recall from earlier episodes in this series, PPP and ERC did not always go together like peas and carrots. Under the CARES Act you could access one or the other; not both. However, upon passage of the CAA in late 2020, the rules changed and organizations could now access both in the […]
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ERC Part IV: Claiming the Credits
We hope you have tuned into the prior 3 “episodes” in this mini-series. If you haven’t, we would highly recommend starting from the beginning! If you are a loyal follower, welcome back. Today we are getting into the nitty gritty – how to actually get the money! Some common questions as we dive in: Q […]
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ERC Miniseries – Part III – Back to Basics
In the last episode of our ERC for nonprofits miniseries, Kelsey gave us a GREAT chart that helps you see all of the ERC limits and rules at once. If you missed the last episode, you HAVE to go back and see that – and if you’re binge watching this miniseries – even better! Here […]
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ERC Miniseries – Part II – The History
Welcome back to the Employee Retention Credit Miniseries! We hope this series captures the hearts, minds, and awards that Ted Lasso and The Crown competed for last night at the Emmy’s! Well, maybe that is a bit of an overreach for a nonprofit accounting blog, but a girl can dream, right? If you didn’t check […]