New revenue recognition standards, among others, will have an impact on non-profit. The nonprofits that prepare for the future, will see themselves spending less time and incurring less frustration in implementing the new accounting standards on the horizon. — Cheryl Guiddy, Harris CPAs All entities, including nonprofit organizations, are facing the daunting task of addressing a slew of changes as …

With new IRS efforts at transparency, now is the time for nonprofits to review their work plan and develop a potential IRS audit strategy for the year ahead. For 2018, tax gap issues come to awareness. Unrelated business income and employment tax issues are important to note. The first step in resolving potential problems is a compliance check. — Cheryl …