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 Reading

Blog: 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 Reading

PA 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 Reading

IRS 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