Six Ways Nonprofit Retirement Plans Are Changing

Six Ways Nonprofit Retirement Plans Are Changing

Some provisions of 2022’s SECURE Act 2.0 (a follow-up to the SECURE Act of 2019) have been in force for over a year — including several that affect 403(b) retirement plans. If your nonprofit offers staffers a 403(b) plan, you likely made some minor changes in 2023 and...
Auditing Revenue Recognition

Auditing Revenue Recognition

The top line of an income statement for a for-profit business is revenue (or sales). Reporting this line item correctly is critical to producing accurate financial statements. Under U.S. Generally Accepted Accounting Principles (GAAP), revenue is recognized when it’s...