Latest Thinking: Nonprofits

The Art and Science Behind Collecting Pledged Donations

February 6, 2019 in Nonprofits

The Art and Science Behind Collecting Pledged Donations

January 15, 2019 The Art and Science Behind Collecting Pledged Donations Helpful Tips for Collecting Pledged Donations A pledge to a nonprofit is generosity without cash up front, making it…
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May 17, 2018 in Audit & Accounting, Not-for-Profits, Recent News & Events

Clarifying Donor Restrictions

May 17, 2018 Clarifying Donor Restrictions New Reporting of Net Assets Starting Soon New rules set to take effect for the fiscal year beginning after Dec. 15, 2017 (with early…
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February 16, 2018 in Audit & Accounting, Not-for-Profits, Recent News & Events

The New Nonprofit Liquidity Disclosures

February 16, 2018 The New Nonprofit Liquidity Disclosures Accounting Standards Update 2016-14 “Liquidity worries haunt nonprofits,” intoned CFO Magazine in a 2009 headline. At that time, not-for-profit organizations were scaling…
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February 6, 2018 in Not-for-Profits, Recent News & Events, Tax Consulting & Compliance

Tax Reform Impact on Nonprofits

February 6, 2018 Tax Reform Impact on Nonprofits The Tax Cuts and Jobs Act enacted in December 2017 marks the most dramatic overhaul to the U.S. income tax code in…
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December 18, 2017 in Not-for-Profits, Recent News & Events

403(b) Five Things You Should Be Checking

December 18, 2017 403(b) Five Things You Should Be Checking With so many complex and ever-changing rules, nonprofits that provide a 403(b) plan for employees should regularly review their retirement…
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October 5, 2017 in Audit & Accounting, Construction & Related Services, Healthcare, Manufacturing & Distribution, Not-for-Profits, Recent News & Events, Retail

Delayed Implementation Date for Some

October 5, 2017 Delayed Implementation Date for Some The Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic…
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August 10, 2017 in Audit & Accounting, Construction & Related Services, Healthcare, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail

AICPA Addresses Three Revenue Recognition Implementation Issues

August 10, 2017 AICPA Addresses Three Revenue Recognition Implementation Issues By Andrew de Labry, CPA In May 2014 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09,…
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January 20, 2017 in Audit & Accounting, Construction & Related Services, General, Healthcare, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail

FASB Proposes to Simplify the Classification of Debt

January 20, 2017 FASB Proposes to Simplify the Classification of Debt By Linda Marie Pearson, CPA, CFE   On January 10, 2017, FASB issued an exposure draft to simplify the…
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January 19, 2017 in Audit & Accounting, Construction & Related Services, General, Manufacturing & Distribution, Not-for-Profits, Recent News & Events, Retail

FASB Focuses on Inventory Disclosures

January 19, 2017 FASB Focuses on Inventory Disclosures By Linda Marie Pearson, CPA, CFE, Principal On January 10, 2017, FASB issued an exposure draft to change the disclosure requirements of…
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July 28, 2016 in Business Services & Solutions, Construction & Related Services, General, Healthcare, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail, Tax Consulting & Compliance

Potential Payroll Tax Savings for RI Employers

July 28, 2016 Potential Payroll Tax Savings for RI Employers By David Gobeille, Tax Partner   It appears that Rhode Island will have a sufficient level of reserves in our…
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May 26, 2016 in Audit & Accounting, Business Services & Solutions, Construction & Related Services, Healthcare, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail

Accounting for Goodwill to Change

May 26, 2016 Accounting for Goodwill to Change By Linda Marie Pearson, CPA, CFE Does your entity have goodwill on its balance sheet? If so, a change simplifying the accounting…
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March 14, 2016 in Business Services & Solutions, Construction & Related Services, Financial Planning & Wealth Management, General, Healthcare, High Net-Worth Individuals, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail, Tax Consulting & Compliance

Tax Scam Notification

March 14, 2016 Tax Scam Notification The Rhode Island Division of Taxation has cautioned Rhode Island businesses owners about a scam in which individuals claim to be collections agents of…
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March 8, 2016 in Audit & Accounting, Construction & Related Services, General, Healthcare, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail

Changes to Lease Recognition

March 8, 2016 Changes to Lease Recognition By Linda Marie Pearson, CPA, CFE Financial Accounting Standards Board (FASB) has just amended the FASB Accounting Standards Codification (ASC) related to leases.…
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January 18, 2016 in Audit & Accounting, Construction & Related Services, General, Healthcare, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail

Executive Sessions: What They Are and Why You Should Have Them

January 18, 2016 Executive Sessions: What They Are and Why You Should Have Them By Linda Marie Pearson, CPA, CFE A private conversation among board members seems to contradict the…
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October 15, 2015 in Construction & Related Services, General, Healthcare, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail, Tax Consulting & Compliance

Tax Incentives May Benefit Your Business

October 15, 2015 Tax Incentives May Benefit Your Business Rhode Island offers a number of tax incentive programs to the employers of this state. There may be something of value…
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September 1, 2015 in Audit & Accounting, Construction & Related Services, Healthcare, Manufacturing & Distribution, Not-for-Profits, Recent News & Events

Proposed Change to Revenue Recognition Standard

September 1, 2015 Proposed Change to Revenue Recognition Standard By Linda Marie Pearson, CPA, CFE The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) to…
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July 15, 2015 in Audit & Accounting, Construction & Related Services, General, Healthcare, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail

Revenue Recognition Rules Delayed

July 15, 2015 Revenue Recognition Rules Delayed FASB Votes to Delay Implementation of Revenue Recognition Rules At a meeting held on July 9, 2015, FASB voted to approve a one-year…
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May 27, 2015 in Construction & Related Services, Employee Benefit Plans, Healthcare, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail

Your Company’s Retirement Plan – Things to Consider

May 27, 2015 Your Company’s Retirement Plan – Things to Consider As beneficial as it may be to you and your employees, sponsoring a tax-qualified retirement plan is not without…
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April 23, 2015 in Audit & Accounting, General, Healthcare, Not-for-Profits, Recent News & Events

Changes to Not-for-Profit Financial Statements

April 23, 2015 Changes to Not-for-Profit Financial Statements FASB Releases Proposed ASU to Change Not-for-Profit & Health Care Entities’ Presentation of Financial Statements Written by Linda Marie Pearson, CPA, CFE,…
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April 2, 2015 in Audit & Accounting, Construction & Related Services, General, Healthcare, Manufacturing & Distribution, Not-for-Profits, Professional Services, Recent News & Events, Retail

FASB Agrees to Delay Implementation of Revenue Recognition Rules

April 2, 2015 FASB Agrees to Delay Implementation of Revenue Recognition Rules At a meeting held on April 1, 2015, FASB verbally agreed to delay the required effective date of…
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