E Cohen CPAs Nonprofit Industry News
E. Cohen & Company CPAs, Here Are Your Articles for Thursday, February 21, 2019
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The Tax Hike Nobody Saw Coming

The bill, as written, made one of the nation’s most economically and environmentally destructive fringe benefits—a free parking space for anyone who drives to work—21 percent more expensive for any private employer to provide.

Accounting Under Regulatory Scrutiny

State charity regulators have been increasing scrutiny of nonprofits’ financial statements, the Internal Revenue Service (IRS) Form 990s and solicitation materials in a number of key ways.

The Intern Chronicles: Eyewitness to Fraud

Let this story be a lesson to always follow and provide internal controls in the workplace, or you could experience a similar story someday.

Accountants Prove Transparency Boosts Giving

Nonprofits that are more transparent and proactively share information with the public received 53 percent more in contributions the following year than organizations that were less transparent, according to a new study.

Want to Be a Nonprofit CFO? Much Will Be Familiar

For corporate finance executives who want to de-stress their lives, moving into the nonprofit world is one obvious avenue. But some of the issues they would face there might remind them of their for-profit jobs.

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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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