Provider Relief Funding – Must-Know Critical Updates to Audit Reporting Requirements
A critical update from the Department of Health and Human Services (HHS) provides new reporting requirement clarifications for non-profits that received Provider Relief Funding (PRF) under the CARES Act. And entities with fiscal year-ends (FYE) on or after June 30, 2021, will feel the impact first. FYI on FYE The
E-Filing Requirement for Not-for-Profit Form 990-EZ Filers
The Taxpayer First Act, enacted July 1, 2019 requires tax-exempt organizations to electronically file information returns and related forms – but the legislation offers a reprieve for small exempt organizations. The reprieve allows a postponement of the electronic filing requirement, with the IRS accepting either paper or electronic filing of
Nominate Your Non-Profit – Outreach Day 2021
Barnes Dennig’s Community Outreach Day is open for nominations! Every year, we close our doors for a full day and send our team out into the community to help amazing non-profits move their mission forward. After a year filled with upheaval and uncertainty, this day feels more important and more
How Non-Profit Leaders Wear a Dozen Financial Hats at Once
We know today’s not-for-profit professionals are juggling more priorities than ever, and time is at a premium. If you’re like many of our Not-for-Profit clients, you’re probably asking yourself some of the questions below, and more. I keep hearing ransomware horror stories on the news. How do I protect my
Charitable Giving: Gifting Your Life Insurance Policy to a Non-Profit
Life insurance policies are a great way to pass on a large sum of money to a beneficiary when you pass away. What many people don’t know is that you can name a non-profit organization as the beneficiary. This makes it possible to give a much bigger donation than you
New Program Provides COVID-19 Relief Funding for Private Schools
The coronavirus has created unprecedented educational disruptions across the country – schools shifting online, closing, reopening for in-person classes, and then going back to an online format as the pandemic surges and recedes. Schools have also had to reconfigure classrooms and common spaces and reduce capacity to enable social distancing,