Accounting Updates

Current Expected Credit Loss (CECL)

Is anyone else tired of the accounting regulations constantly changing? In the past few years, nonprofits have had to deal with an overhaul of revenue recognition rules, “clarifying” (confusing) contributions pronouncements, enhanced disclosure requirements for...

Healthcare Worker Bonus – The Series

If you’re like us, you have certain TV shows that you are totally invested in and can’t wait until the next episode comes out.  Unless you are a masochist, that is probably not the case with respect to the weekly regulation updates coming out from DOH on the...

Healthcare Worker Bonus Update

For those of you who filed for a Paycheck Protection Program (PPP) Loan, you remember the early days of the application process were marked by conflicting information, short deadlines, potential exposure, and more.   As time went by, the regulations loosened up and...

Inflation Reduction Act and the Increase in IRS Resources

The Inflation Reduction Act was signed into law by President Biden on August 16, 2022.  The bill came as a surprise to many as it appeared somewhat out of nowhere after it was believed any legislation was politically dead.  We discussed the provisions of the act when...

2020 Financial Accounting Standards Board (FASB) Update

The Financial Accounting Standards Board (FASB) recently issued revised implementation dates for two major accounting standards changes. These major changes will undoubtedly bring challenges to private companies, smaller public companies, and nonprofit organizations...

2019 COLA Information

OPWDD has released its 2019 Cost of Living Adjustment (COLA) for monthly SSI amounts that individuals with disabilities may be eligible to receive. Please view the PDFs below illustrating the adjustments that will go into effect as of January 1, 2019. They will be...

The 10 Biggest Changes Business Owners Need to Know about the 2018 Tax Reform

One of the biggest questions that many business owners face heading into the end of 2018 is how will the Tax Cuts and Jobs Act (TCJA) impact their 2018 tax returns. The bill was passed in late 2017 and many of the changes were effective January 1, 2018; however, many...

Securing Communities Against Hate Crimes (SCAHC) Grant Program

Governor Cuomo recently announced that the $10 million Securing Communities Against Hate Crimes (SCAHC) grant program is now accepting applications to help protect New York's non-public schools, day care centers, non-profit cultural museums, cultural centers, and...

Trick or Treat – Letters From Taxing Authorities

One of the scariest experiences for taxpayers can be correspondence from the IRS or other taxing authorities. The mere sight of one of these official letters can turn even the most experienced taxpayer or business owner white as a ghost from fear. Not all letters from...

Session Days Update

With any State instruction, clarification is needed, so it should come as no surprise that the minimum instruction requirement for State Aid is still being discussed. Let’s address the clarification requested during the public comment period following the April 2018...
How Content Marketing Isn’t as Bad as You Think

How Content Marketing Isn’t as Bad as You Think

Content Marketing is a bridge that allows businesses like yours to be easily discovered by prospects or referral sources and is one of the cheapest and most efficient ways for companies to increase their reputation within the marketplace and increase their web...

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Rate Rebasing Reminder

Rate Rebasing Reminder

Below is the October 3, 2018 memo released by the Office for People with Developmentally Disabilities regarding the next re-basing date. The CFRs filed for the calendar year ended December 31, 2017 and the fiscal year ended June 30, 2018 will be utilized to establish...

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Taxation of Fringe Benefits

Taxation of Fringe Benefits

Many companies use fringe benefit programs as a tool for attracting and retaining talented employees. These programs have become especially vital as the “War for Talent” has gotten more competitive and benefit programs have become more widely known. What was once...

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How is your school ensuring Parents stay involved?

How is your school ensuring Parents stay involved?

You know your students benefit from having parents involved in education. Both common sense and research support the relationship between student success and parental involvement, but are the parents of your student body really getting involved in a proactive way?...

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Private Schools…  The Value Proposition

Private Schools… The Value Proposition

Nonpublic schools, from religious educational schools to preparatory schools, have been meeting the educational needs of students while providing a unique learning environment. Over 60% of parents enroll their students in private schools because of the promise of a...

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