While it may seem like just another annual employment obligation, the federal Form 5500 is an important component of the Employee Retirement Income Security Act (ERISA), which outlines required minimum…
Seven Key Financial Metrics to Measure Nonprofit Health
Many factors play into a nonprofit’s financial status, but some categories are particularly indicative of underlying health and stability. Nonprofit leaders who recognize the importance of the factors below and…
Six Annual Financial Reporting Pitfalls and How Governments Can Avoid Them
The Comprehensive Annual Financial Report, or CAFR, is one of the most important financial documents prepared annually by governments. This voluminous report goes beyond the budget to provide a detailed…
Tax Reform’s Impact on Your Company’s 2017 Year End Reporting
The Tax Cuts and Jobs Act (TCJA) was enacted into law on December 22, 2017, and took effect on January 1, 2018. Yet companies will still feel tax reform’s impact…
Nonprofit Update: PA Raises Audit Requirement Threshold
Starting in February 2018, Pennsylvania nonprofits must reach higher levels of annual contributions in order to trigger audit requirements. Act 71 of 2017, which Governor Wolf signed into law in…
