A key fiduciary duty of a non-profit’s Board of Directors is to oversee and monitor the organization’s financial health. Some financial matters may jump out at Board members, such as the loss of a major funder or a successful fundraising event. B...

Before 2019 came to a close, President Trump signed legislation to repeal the unrelated business income tax on certain employee transportation fringe benefits. Originally created by the Tax Cuts and Jobs Act of 2017, the unrelated business income tax...

When non-profits are losing funding sources, defaulting on loans or leaving employees unpaid, board members can clearly see that they’re in financial crisis. Often, though, the board could have averted such disasters if it had recognized some of th...

The Internal Revenue Services (IRS) has provided guidance and examples for calculating the nondeductible portion of parking expenses. In addition, they have provided guidance to tax-exempt organizations to help such organizations determine how unrela...

The passing of the Tax Cuts and Jobs Act has incited changes to Form-990T to address how unrelated business taxable income (UBTI) will be reported going forward. Recently, the Internal Revenue Service released a draft of the 2018 form. Here are some ...

Most tax reform headlines have been focused on how it impacts individuals and for-profit businesses, but lost in the shuffle were provisions passed that non-profit leaders should take note of. Doeren Mayhew’s non-profit CPAs have highlighted three ...

Tax-exempt organizations are not immune to the tax law overhaul known as the Tax Cuts and Jobs Act of 2017. The provisions of the Act change the way certain tax-exempt organizations, including state-charted credit unions, will report and incur tax on...

Some supporters give your non-profit money, others give goods or intangibles, such as the use of a facility for a fundraiser. A donation is a donation, right? Not quite. Under certain circumstances, in-kind gifts and donations of services must be re...