Ideas & Insights

The 2021-2022 Priority Guidance Plan contains anticipated guidance projects that would affect exempt organizations.

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in Pennsylvania.

IRA beneficiaries can now be stuck with a very tax-inefficient asset after the owner’s death. Learn the solution.

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in Mississippi.

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in New York and New Jersey.

The IRS will not issue PLRs on transactions involving a PF’s interest in an LLC that owns a disqualified person’s promissory note.

Visit the virtual learning portal for access to on-demand CPE sessions and educational content for the nonprofit industry.

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida. IRS provides additional relief.

New and clarified regulatory requirements for purchases made by, or on behalf of, exempt entities in Illinois effective June 3, 2021.

Careful grant management planning can help organizations reduce paperwork, save time, ensure compliance and lead to increased grant awards.

Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.

Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.

Nonprofits are an attractive target for cyberattacks. Understand steps your organization can take to improve security.

RSM applied Learning Without Tears NetSuite ERP solution to support the accounting department & NetSuite managed application services.

Learn about the ACE Act, SCOTUS overturning donor disclosure mandates and more in this July 2021 exempt organization update.

We recently updated our white paper to reflect the new goodwill accounting alternative provided in FASB ASU 2021-03.

Nonprofit organizations that rethink conventional assumptions can improve budget planning and performance against strategic objectives

Private foundations must electronically file 2020 Forms 4720 with due dates on or after July 15, 2021. Limited exceptions apply.

The benefits of outsourcing for nonprofits comes with many questions. Learn what nonprofits should consider when outsourcing.

Organizations earning fees for digital products and services from residents of Canada may be required to register for GST/HST.