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NFP Online Journal
A Baker Tilly blog providing timely, actionable guidance on key topics to not-for-profit (NFP) leaders and board members.
Welcome to the NFP Online Journal. Our dedicated advisors are tuned into the industry and understand your priorities. Through this blog, we will keep you up-to-date on emerging issues and trending topics, and share reliable solutions and resources so that you can focus on what matters most – your mission. We have only one agenda: Yours.
Blog posts
IRS audits of employee retention credit claims impacting tax-exempt organizations
Not-for-profit organizations need to be aware of the risks and additional reporting associated with accepting noncash or hard-to-value gifts from donors.
Energy provisions in the inflation reduction act not-for-profits can use
On August 16th, President Biden signed into law the Inflation Reduction Act (the Act) which contains numerous provisions that afford opportunities to tax-exempt organizations
Tax considerations for social clubs
Not-for-profit organizations need to be aware of the risks and additional reporting associated with accepting noncash or hard-to-value gifts from donors.
Not-for-profit organizations and noncash gifts
Not-for-profit organizations need to be aware of the risks and additional reporting associated with accepting noncash or hard-to-value gifts from donors.
The growing impact of inflation on not-for-profit organizations
With inflation at a four-decade peak, not-for-profit organizations need to consider how revenues, investments and expenses will impact the success of their organization.
Gift acceptance: Thanks for the gift! Now how do I report it?
Not-for-profits often receive noncash donations or gifts-in-kind, which are harder to value than cash. Here are some thoughts and considerations on how to value these donations.
Cybersecurity and data privacy: recognizing the risks facing NFP organizations
Not-for-profit organizations should be aware of similarities between cybersecurity and data privacy and take proactive steps to address potential risks.
Healthy Outcomes: Understanding funding and compliance requirements for not-for-profit behavioral health organizations
Listen to our Healthy Outcomes podcast episode in which we discuss relief funding for not-for-profit behavioral health organizations.
Innovation culture – jumpstarting new ideas to drive organizational success
Innovation occurs when an organization does something new or different that creates value. Creating a culture of innovation is essential for organizations.
Gift acceptance: To accept or not to accept? That is the question.
Not-for-profits need to consider key accounting, tax and philanthropy issues to create a strong gift acceptance policy in order to avoid costly consequences.
Navigating uncharted not-for-profit tax territories
This article reviews tax legislative changes resulting from COVID-19 impacting not-for-profits, and answers four questions surrounding the filing of alternative investments.
Gift acceptance: three considerations for cryptoassets
When accepting gifts of cryptoassets, not-for-profits need to consider a gift acceptance policy, how to process the cryptoassets, and financial and tax reporting requirements.
PPP double dipping: an overview
In this NFP Online Journal blog post, we break down some key considerations around the Paycheck Protection Program (PPP) and double dipping related to federal, state, local and private funding.
Cloud financial management solutions: make better-informed decisions at your not-for-profit
Not-for-profits should consider and prioritize investment in technologies such as a cloud financial management solution in order to gain efficiencies and achieve more in support of their missions.
Aligning your cybersecurity framework with your organization's mission
As not-for-profit organizations adjust their business models to address changing landscapes, cybersecurity risks should continually be assessed.
How is payroll affected by employees working remotely?
Employers must understand how to address payroll reporting and state compliance for employees who are now working in different states as a result of COVID-19.
