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In continuation of our series on the impact of Accounting Standards Update 2016-14, Presentation of Financial Statements of Not-for-Profit Entities (“ASU”), issued by the Financial Accounting Standards Board (“FASB”) in August 2016, this article focuses on the topic of liquidity and available resources. The ASU requires qualitative and quantitative information on the available cash flow for a nonprofit. These disclosures include the following:
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Topics: FASB, Nonprofits, Uncategorized
Many companies take an ad hoc approach to technology. If you’re among them, it’s understandable; you probably had to automate some tasks before others, your tech needs have likely evolved over time, and technology itself is always changing.
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Topics: Uncategorized
Building a Resilient Organization – A Toolkit for Nonprofit Boards to Manage Transformational Change
Many, if not most, nonprofit organizations will encounter board or leadership turbulence at some point in their lifecycles. Organizational transition, the evolution of mission or executive departures are inevitable. There are times when the board must make challenging decisions and protect the organization from financial and organizational risk, as well as potential reputation damage.
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Topics: nonprofit boards, Nonprofits, Uncategorized
Most nonprofits rely on an investment committee to oversee their investment portfolios. This oversight group can have a big impact on real long-term wealth preservation and ensuring resources are available to realize organizational goals and aspirations.
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Topics: investment committees, Nonprofits, Uncategorized
Louisiana, Massachusetts, Tennessee and Wyoming all recently announced changes that impact remote sales and economic nexus – details are below. Look for an update later this month from our sales & use tax group on the pending settlement of software issues.
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Topics: tennessee, louisiana, massachusetts, nexus, sales & use tax, Tax, Uncategorized, wyoming
One of the biggest hurdles to embracing technological change—including the IoT and beyond—is figuring out how to pay for it: 31 percent of surveyed manufacturers rank budget and resources as their biggest challenges to applying IoT capabilities.
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Topics: R&D tax credits, manufacturing, Tax, Uncategorized
Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — decreased minimally by 0.3 points in April to 72.1. National and southeast PMIs slid several points.
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Topics: manufacturing, manufacturing activity, PMI, Uncategorized
Doing business in Georgia comes with a perk or two, especially for manufacturers. Manufacturing companies can operate in the state at a lower cost than other states, make leaps in innovation and secure (many) business incentives. [[{"type":"media","view_mode":"media_large","fid":"2781","attributes":{"alt":"","class":"media-image","height":"320","style":"float: right; margin: 10px;","typeof":"foaf:Image","width":"480"}}]]
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Topics: Atlanta manufacturing CPA, Georgia Manufacturing, manufacturing, Uncategorized
Today’s businesses operate in an era of hyper-connectedness and, unfortunately, a burgeoning global cybercrime industry. You can’t afford to hope you’ll luck out and avoid a cyberattack. It’s essential to establish policies and procedures to minimize risk. One specific area on which to focus is your employees.
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Topics: Red Flag Reporting, cybersecurity, Uncategorized