Increased Requirement Threshold for Charitable Organizations Raised to $2 Million
In 2022, the New Hampshire Charitable Trusts Unit increased the audit threshold to $2,000,000.
IRS Expands Identity Protection PIN Program
The IRS has recently expanded its IP PIN program to be available to all taxpayers.
New Accounting Standard for Nonprofit Entities
Learn more about the accounting standards update 2020-07 which impacts all nonprofits that receive in-kind donations.
NH Nonprofit Emergency Relief Fund
New Hampshire Governor Chris Sununu, through the Governor’s office for Emergency Relief and Recovery (GOFERR), established the NH Nonprofit Emergency Relief Fund. Supported by the CARES Act, $60 [...]
Accounting For Grants and Contributions (Nonprofits)
Receiving funding from a grant or contributor can be incredibly exciting for nonprofits. Knowing how to account for the resulting revenue stream, however, can be a completely different story.
Identifying Financial Risks And Implementing Controls – Protect Your Nonprofit
Every nonprofit organization faces various financial risks and vulnerabilities, making it essential to implement a comprehensive range of controls. Understanding some essential financial controls [...]
Fiduciary Responsibilities Of Board Members
If you work in the United States, you're likely already familiar with the individual income tax. The Tax Cuts and Jobs Act (TCJA) has potentially revamped the landscape for taxpayers on a [...]
Tips For Reading Nonprofit Financial Statements
If you work in the United States, you're likely already familiar with the individual income tax. The Tax Cuts and Jobs Act (TCJA) has potentially revamped the landscape for taxpayers on a [...]
