Non Profit
Blog: Challenges Faced by Not-for-Profit Organizations in Adopting the New CECL Standard
By: Cristopher Sefransky, CPA, CFE, LSSGB Our industry is well over a year into implementation of the transitional guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Update…
Continue ReadingBlog: The Hidden Cost of Government Grants
By: Cristopher Sefransky, CPA, CFE, LSSGB Government grants are a critical source of support revenue for nonprofit organizations. Grant awards exist for a multitude of different types of organizations…
Continue ReadingPA Non-Profits Have Online Filing Option for Sales Tax Exemption
Non-profits, such as charitable and volunteer organizations, can now apply for and renew a Pennsylvania sales tax exemption. The Department of Revenue launched this online application on myPATH in late…
Continue ReadingIRS increases Mileage Rate beginning 7/1
The IRS announced that for the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate effective at the start of the year. While fuel…
Continue Reading