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10 Jan 2018
Nonprofit Tax Alert: Changes to Tax Treatment for Qualified Transportation Fringe Benefits
The recently passed Tax Cuts and Jobs Act (the “Act”) modifies the tax treatment of qualified transportation fringe benefits for all employers. However, Exempt Organizations (“EO”s) are amongst those that will see the most significant effects as this one change […]
08 Jan 2026
Nonprofit Leader's Guide to Generative AI Adoption
Generative Artificial Intelligence (AI) is rapidly shifting from a futuristic concept to a practical tool that can revolutionize efficiency, capacity. and impact of nonprofit organizations. The unique challenges nonprofits face—limited resources, high demand for services, and a constant need for […]
04 Mar 2025
Nonprofit Guide to Navigating Federal Funding Shifts
The new administration’s rapid issuance of executive orders, followed by a sweeping Office of Management and Budget (OMB) funding freeze on over 2,600 Federal grant programs, plunged the nonprofit sector into immediate disruption. Though a court ruling quickly reversed the […]
11 Aug 2021
Nonprofit Governance: What's Next Post-Pandemic?
The pandemic dramatically altered the governance and operational landscape of not-for-profit organizations. As we move into the “new normal,” governance, legal, and operational challenges exist that were unforeseen prior to COVID-19. During this webinar, we held a roundtable discussion of […]
06 Feb 2018
Nonprofit Financial Reporting Implementation: A Deep Dive
This webinar taught nonprofit financial statement preparers techniques to assist them with implementing FASB’s “Presentation of Financial Statements of Not-For-Profit Entities” standard. Attendees were able to identify the requirements of FASB’s “Presentation of Financial Statements of Not-For-Profit Entities” standard and […]
16 Oct 2020
Nonprofit ASU 2020-07 News: Contributed Nonfinancial Assets
As expected, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, which addresses presentation and disclosure requirements for contributed nonfinancial assets commonly referred […]
03 Aug 2017
Nonprofit | Changing Going Concern Environment - New Disclosures
The responsibility for assessing whether a not-for-profit’s ability to continue operations has shifted from the auditor to management. Download a detailed overview of the changes and how it may impact your organization.
16 Jan 2019
No Sequestration on AMT Credit for Upcoming Tax Filings
Corporations will receive the full amount of refundable prior year alternative minimum tax credits (AMT credits) on their upcoming filings without losing any of the benefit to sequestration. The IRS released a statement on Monday, January 14th, stating that sequestration […]
26 Jan 2017
New York on the Cusp of Adopting Cybersecurity Regulations
Insurance companies and other organizations regulated by the New York State Department of Financial Services (NYDFS) will soon be subject to cybersecurity regulations. The NYDFS published the second draft of its proposed regulations in the New York State Register on […]
30 Nov 2021
New Year, New Audit: How SAS 136 Will Change Benefit Plan Audits
Johnson Lambert is dedicated to keeping you up to date on the American Institute of Certified Public Accountants’ (AICPA) statement on Auditing Standards (SAS) 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA. […]