Nonprofit Board members are responsible for the governance of the agencies they serve. In order to accomplish this, they need appropriate information and they need to understand what that information is telling them. Understanding the fiscal strength and operations of...
As you are probably aware, the Internal Revenue Service has added a new provision to the tax code for 2018, whereby nonprofit organizations are subject to unrelated business tax (UBIT) on commuting benefits provided to their employees. The tax is imposed on commuting...
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...
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...
If you have spent any time reviewing the new CFR forms you probably noticed that there is a new certification form that administrators need to sign, CFR-iv. This new certification form, which is required by all CFR filers, other than those funded exclusively by SED,...
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...
"25 years ago today, I walked out of my house and into my garage to start my new full-time job. No more paychecks from a Big 4 accounting firm, no more safety nets … just the drive and determination to create a different type of accounting firm … one where value,...
We produce the Special Ed-ition to keep everyone abreast of the issues that impact New York State schools working with some of the most vulnerable populations. As experts in the field, we consider it our job to monitor the SED sector and disseminate information to...
The Tax Cuts and Jobs Act (TCJA) passed in December 2017 added new provisions related to Unrelated Business Taxable Income (UBTI) which may have significant tax impacts for Nonprofit entities that provide transportation benefits to their employees. Recent IRS...
