Nonprofit Resources
IRS Extends Due Date for Some ACA Reporting Requirements
November 22, 2016 - The IRS has extended one of the due dates for 2016 information reporting requirements under the Affordable Care Act to give employers, insurers, and other providers additional time to gather and prepare the necessary information.
Calculating Whether Your Higher Education Institution Is an “ALE”
Applicable Large Employers (ALEs) have significant reporting requirements, including Form 1095-C. That means it is crucial for higher education institutions to document whether or not they have more than 50 full-time equivalent (FTE) employees for years beginning with 2014.
FASB Issues ASU on Financial Statements for Not-for-Profit Entities
August 18, 2016 - The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities.
Higher Education Tax Data from Our 2016 Survey
See how higher education institutions across the U.S. responded to questions about Applicable Large Employers, Form 1098-T penalty notices, employment of adjunct professors, and much more.
2016 Higher Education Tax Reporting Trends Project
The seventh edition of our annual Higher Education Tax Reporting Trends Project includes results from a survey of 190 colleges, universities, and seminaries across the U.S. Get data on applicable large employers, IRS notices regarding Form 1098-T issues, Form 5500, and more.
Proposed Rules Governing Borrower Defense and Financial Responsibility
July 12, 2016 - In an effort to hold higher education institutions accountable and protect the federal government’s financial interests, the Department of Education recently proposed new regulations that will more than likely impact your nonprofit higher education institution.
New IT Security Threat Targeting Finance Departments On the Rise
A hacked email account. A perpetrator posing as a senior leader and requesting a fraudulent funds transfer. This may sound like a movie plot, but it is a reality we see playing out more and more. Learn more about this type of IT security breach and four recommendations for preventing it.
2016 Higher Education Tax Update
The CapinCrouse 2016 Higher Education Tax Update covers the latest developments across a range of key topics. This includes IRS updates, Form 1098-T reporting changes, how to determine if you are an Applicable Large Employer (ALE), and how the overtime final rules affect higher education institutions.
Overview of the FASB Accounting Standards Update on Leases
What you need to know about the FASB Accounting Standards Update (ASU) on financial reporting for leasing transactions, plus action items for consideration.
The OMB Rule on Indirect Costs: What You Need to Know
The Office of Management and Budget’s Uniform Guidance (the Omni Circular) has brought sweeping changes for nonprofits that receive federal funding. Nonprofits need to get up to speed on their rights and responsibilities under the rule — to avoid forfeiting reimbursement dollars.