If you are a professional fundraiser or volunteer for an organization, this article is a must-read to help you better understand the difference between deferred and temporarily restricted revenue.
Many of our not-for-profit clients frequently ask me to explain when funding is considered deferred revenue and when is it considered temporarily restricted revenue. This area can be confusing, as the reporting and accounting implications can vary greatly.
Posted by: DeAnna Alger
read more…Senior citizen membership organization AARP recently came under fire by GOP lawmakers questioning the non-profitability of the group’s control over, and approval of, products sold by private firms while personally bypassing millions in tax levies.
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Posted by: Ken Sable, JD, MBA
read more…Zinner & Co. has partnered with NEXT For Nonprofits, LLC to present “Get Your Nonprofit Noticed, Now!” a free program that will teach nonprofit executives how a better understanding of their stories can lead to success.
read more…Posted by: Sue Krantz, CPA
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Posted by: Barbara Theofilos, CPA
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Posted by: Kiki Underwood
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There will soon be a big change for some taxpayers in how they send tax payments to the federal government or receive refunds. Executive Order 14247, Modernizing Payments to and from America’s Bank Account, is intended to modernize financial operations, reduce costs,...
Ohio employers and employees should prepare for an important payroll update this fall. Starting Oct. 1, the Ohio Department of Taxation will implement new state income tax withholding tables. The change was necessitated by the passage of House Bill 96, the state’s...
Artificial intelligence (AI) is not just for tech companies and research labs; it is quickly becoming part of everyday life. Today, many people are already using AI without even realizing it, and in the next few years, it will be as common as smartphones or Wi-Fi. Let...
Like many other industries, there is a shortage of talent entering the public accounting industry. To combat this issue, the Ohio Society of Certified Public Accountants (OSCPA) formed the Ohio Accounting Talent Coalition (OATC), whose mission is to create a thriving...
On March 25, President Donald Trump signed Executive Order 14247, Modernizing Payments to and from America’s Bank Account. The Executive Order is intended to modernize financial operations, reduce costs, minimize fraud and eliminate inefficiencies associated with...
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