Nonprofit Resources
New AICPA Not-For-Profit Section to Provide Key Resources
The AICPA has created a new Not-For-Profit Member Section designed to provide information and resources to those who work in and for this industry.
Important Update on Employer Health Insurance Premium Reimbursement/Payment Plans
February 20, 2015 - For many years, employers were able to directly pay for, or reimburse employees for, the premiums of health insurance policies purchased by an employee without the employee being taxed. This favorable treatment changed effective January 1, 2014. Employers offering premium reimbursement plans are not complying with the Affordable Care Act (ACA), and may be subject to substantial penalties.
Employing the Wisdom of Small Creatures for Big Organizational Change
Rather than thinking of ants and locusts as pests, what if we viewed them as little creatures we can learn and unearth big organizational truths from? After all, Proverbs 30:24 describes ants and locusts as “exceedingly wise.”
Medical Premium Refund for Small Organizations
The new health reform legislation includes a tax benefit for eligible small employers who buy medical insurance for their employees. The potential of a refund makes this worth looking into.
New York Non-profit Revitalization Act
The New York Non-Profit Revitalization Act of 2013 aims to reduce burdens on the nonprofit sector while strengthening governance and accountability. Every New York nonprofit entity should be aware of the changes to the laws. Here are the new requirements to consider to ensure your organization’s compliance.