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Offering our expertise, guidance and thought leadership on issues and topics that affect organizations. This section delivers articles to help simplify the complexities businesses face in an ever expanding and changing environment.

The Affordable Care Act (ACA) requires large employers and all self-insured employers to collect and report information about the health coverage they provide, starting with the 2015 calendar year. The IRS released drafts of the reporting forms for employers in July, and draft instructions are expected by the end of August.

In 2012 San Francisco voters approved complex and sweeping changes to the city’s business tax and annual business registration fees, via Proposition E. The measure replaces the existing payroll-based tax with a tax based on gross receipts and increases business registration fees, beginning this year.

On June 2, 2014, the Treasury Department and IRS released final and temporary regulations (TD 9666) for publication in the Federal Register relating to the election of the research and development alternative simplified credit (ASC).

A fascinating fad…or the next evolution of fundraising? Seems it’s what everyone is asking these days about the Bitcoins, Dogecoins and Peercoins of the cyber world. So, let’s take a look at how few early-adopting nonprofits have experienced some initial success in accepting these “cryptocurrencies” as donations.

On August 14, the IRS issued final regulations (“regs”) regarding the proper tax treatment of dispositions of tangible depreciable property under the Modified Accelerated Cost Recovery System (MACRS). The regs largely complete the IRS’s overhaul of the federal tax regs addressing the proper treatment of expenditures incurred in acquiring, producing or improving tangible assets. The final regs affect all taxpayers who dispose of MACRS property.

The Financial Accounting Standards Board (FASB) has updated U.S. Generally Accepted Accounting Principles (GAAP) to eliminate a critical gap in existing standards. The new guidance, found in Accounting Standards Update (ASU) 2014-15, Presentation of Financial Statements — Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, clarifies the disclosures management must make in the organization’s financial statement footnotes when management has substantial doubt about its ability to continue as a “going concern.” The guidance applies to all companies.

When a donor makes a restricted gift—whether it’s to construct an animal rescue shelter or purchase iPads for an after-school program—you are legally bound to follow the conditions of the gift.

In fact, if you don’t honor donor intent, you may find yourself saying, “Yes, Your Honor.”

The SEC recently made life a bit easier for companies that adopt FASB’s new revenue recognition standard, which takes effect in 2017 for public companies.

The Financial Accounting Standards Board (FASB) has issued guidance that lays out new rules for financial reporting on discontinued operations. The rules reduce the number of asset disposals that companies must present as discontinued operations in their financial statements. But they also expand the disclosures that are required when discontinued operations are reported.

It’s the classic disconnect—you provide a thorough presentation of your organization’s financials, only to be met with awkward silence by your board. Your financial statement covered it all: change in net assets, fluctuation in cash and accounts payable and a discussion of restricted assets. Yet, eyes are glazed and bodies shift uncomfortably.