How to Prepare for the Potential Tax Reform Bill
On Friday afternoon, the combined House and Senate Conference Committee unveiled a reconciled tax bill (The Tax Cuts and Jobs Act) that would significantly overhaul [...]
Important Change to Technical Interchange Requirements
We reported in December 2016 that the Department of Defense had issued a final DFARS rule requiring major contractors to engage in technical interchanges with [...]
Due Diligence Should Be More Than Numbers
Whether it is to gain access to new technologies or increase resources and market presence, more companies, large and small are considering a merger or acquisition.
Proposed Tax Plan Includes New Excise Tax on Private Universities
At the organizational level, the proposed changes are pretty bare. The major change comes in the form of a new excise tax applied to private colleges and universities, especially those with very large endowment funds.
Charitable Deduction Benefit Declines in Proposed Tax Plan
The House Ways and Means Committee have released its first bill of the "Tax Cuts and Jobs Act." While we still may be a ways out of a final bill, PBMares will keep everyone in the non-for-profit world on any changes that will affect them every step of the process.
How Not-for-Profits Can Make Pledge Forms More Transparent
Donations and contributions are the lifeblood for many not-for-profit organizations. Without the generosity of donors, these organizations would cease to exist. For this reason, keeping [...]
Congressional Tax Reform Bill Full of Changes
Tax Cuts and Jobs Act Impacts Businesses and Individuals Congressional Republicans have been working on a bill to simplify the tax code and reduce the [...]
Tips for Truthful Cost or Pricing Data Act Compliance
For government contractors, compliance with the Truthful Cost or Pricing Data Act (TINA) is a critical part of staying on the right side of federal contracting and acquisition requirements. But what is the law, and what does it do? Here’s a brief primer.
Top 5 Issues Lenders Have With Nonprofit Financials
I continue to see and hear about issues that our clients and others in the nonprofit industry are having with their lenders with respect to financial statements. It is becoming more evident that many lenders do not understand nonprofit financial statements due to their unique financial reporting requirements. Below are the top 5 issues that nonprofits have with their lenders.
Consolidations Clarification ASU 2017-02
ASU 2017-02 was issued in January 2017 by the FASB to clarify when a not-for-profit entity (NFP) that is a general partner or limited partner should [...]