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New Tax Law Brings Major Changes for Tax-Exempt Organizations

On July 4, President Donald Trump signed into law a sweeping tax reconciliation bill known as the One Big Beautiful Bill Act (OBBBA). The legislation followed weeks of negotiations and passed narrowly in both the Senate and House before reaching the President’s desk. With its enactment, tax-exempt organizations now face a host of changes that

How Nonprofits and Local Governments Can Leverage Sustainability Tax Credits

When examining the availability of tax credits, organizations in the nonprofit and local government space typically disregard the opportunity as inapplicable to their organizations. To tax-exempt entities, the concept of leveraging credits to lower their tax burden may seem at odds with their tax status. However, to help build a more sustainable and equitable future, Read More

Stay Informed of Key Changes Proposed to Uniform Guidance Impacting Nonprofits and Higher Education

The Office of Management and Budget (OMB) is proposing revisions to OMB Guidance for Grants and Agreements. These revisions would be good news for nonprofit and higher education recipients of federal financial assistance because they would reduce administrative burdens and streamline processes. The proposed revisions include changes to various parts of the Code of Federal Read More

Demystifying Nonprofit Cost Allocations

When asked what is at the top of their finance department “to-do” list, many nonprofits name the need for an updated cost allocation plan. An effective cost allocation strategy is essential to organizations’ understanding of how their resources are being deployed. It is also integral to performing cost analyses, such as evaluating funding requirements and

Data Quality for Nonprofits

Data quality is a critical factor for organizations of all sizes, and nonprofits are no exception. Poor data quality can lead to inaccurate business decisions, missed opportunities and even financial losses. Further, poor data quality can impact contributions negatively in several ways. It can obfuscate the nonprofit’s achievements year after year, which can erode donors’

Cybersecurity Best Practices for Your Organization

According to a study by N-able, managed service providers (MSPs) report that 82% of their customers have seen an increase in attempted cyberattacks since the pandemic. Even MSPs themselves are a target for cyber criminals, which can have wide-reaching impacts on their customers and network of resources if breached. As threats become more prevalent, it’s imperative