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Forging New Paths
The RSM nonprofit practice consists of professionals who meet the assurance, tax and consulting service needs of organizations in areas such as: federal award compliance, international, technology and more. Our objective is to maintain the most current information available related to developments for nonprofit organizations so you can focus on success and not regulations.
Nonprofit board governance requires a clear understanding of the difference between board members and organization management.
Audit committee roles and responsibilities are under increased scrutiny following financial compliance reporting incidents in recent years.
RSM helped US Veterans Initiative transition to the cloud and stabilize their IT infrastructure. Watch the video to learn more.
By leveraging RSM, NSPE’s COO has tapped into a resource that enables him to build capacity for himself and his finance department.
Notice 2021-25 provides temporary relief on deductions for food or beverage under the Taxpayer Certainty and Disaster Relief Act.
Eight new initiatives, affecting exempt orgs, employee plans and tax-exempt bonds, added to IRS Compliance Programs and Priorities website.
FINANCIAL REPORTING INSIGHTS
The FASB has issued ASU 2021-03, which provides a new goodwill impairment alternative for private companies and not-for-profits.
To stay nimble, nonprofit organizations should examine these five areas to enhance their ability to adapt to change.
The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.