Nonprofit Articles

The latest revisions to the tax code will bring welcome relief to nonprofit organizations.

New guidance from the FASB means that nonprofit groups can use the same methods available to private companies for reporting goodwill and certain identifiable intangible assets after a merger or acquisition.

KraftCPAs team members helped sort and pack more than 20,000 lbs. of food as part of a project with Second Harvest Food Bank of Middle Tennessee on Sept. 21.

Most nonprofit organizations typically receive support in the form of money, but many times, they also receive goods to use or sell, as well as intangible items, such as services or free use of facilities.

Operating a nonprofit in today’s environment is challenging; increasingly, organizations are finding solutions through collaboration.

For the first time in more than two decades, the Financial Accounting Standards Board (FASB) has issued major changes to the accounting standards for nonprofit organizations’ financial statement presentation.