Key Takeaways Fund accounting is the system that assigns each gift to a specific fund based on donor intent or board designation. FASB ASC 958 is the governing accounting standard for all nonprofit entities, including churches. It requires net asset classification...
Key Takeaways Food and CPG manufacturers face compliance, inventory, and costing demands that standard ERP platforms were never designed to handle. The right food manufacturing ERP changes four specific business outcomes: your ability to defend margin decisions,...
Key Takeaways For most manufacturers, the business is the retirement plan. How the transaction is structured determines what actually lands in your pocket. The first decision — asset sale vs. stock sale — shapes every path that follows and is often where significant...
The IRS housing allowance for pastors is one of the more nuanced provisions in the tax code, and the compliance burden falls squarely on the institution, not the individual. A procedural gap in the designation process, an error on the W-2, or a misunderstanding of the...
Key Takeaways The single audit threshold increased from $750,000 to $1,000,000, effective for fiscal years beginning on or after October 1, 2024. A single audit combines a financial statement audit with a compliance examination of federal program expenditures — HRSA...
