Nonprofit | AccountingWEB.com

ASG Vaults to Ninth Spot of All-Time Lenders on Kiva Site

01/18/2012 - 12:22 - 747 reads

The Kiva lending team, Accountants for Social Good (ASG), moved into the ninth spot of all-time lenders. Since its inception in May 2011, the team has seen explosive growth, both in the number of team members (eighty) and in the total amount of capital the team has loaned to the developing world ($70,500).

The IRS Extends Filing Deadline for Some Tax-Exempt Organizations to March 30, 2012

12/16/2011 - 14:24 - 1370 reads

The IRS announced that tax-exempt organizations with January and February filing due dates have until March 30 to file their returns. The extension is granted because the part of the e-file system that processes electronically filed returns of tax-exempt organizations will be offline January and February.

Occupy Wall Street Accountant and Tattoo Artist Is Learning About Nonprofits on the Job

10/22/2011 - 12:08 - 1939 reads

TheBrooklynInk.com recently reported on the management of finances for Occupy Wall Street (OWS) and spoke with Peter Dutro, 36, who is a member of the finance committee. Dutro is a business technology management undergraduate at the Polytechnic Institute of New York University and works part-time as a tattoo artist.

MACPA embraces XBRL in case study for private companies and nonprofits

08/08/2011 - 18:08 - 1604 reads

Historically, the conversation about XBRL has centered on public companies, thanks to its promise of delivering timely, accurate, and transparent financial information to investors. That conversation is beginning to shift.

Citrin Cooperman raises thousands of dollars for the fight against cancer

07/12/2011 - 00:41 - 1426 reads

Philadelphia-based Citrin Cooperman, an accounting, tax, and business consulting firm, raised $15,652 in support of the American Cancer Society's 2011 Relay For Life of Ocean City, NJ.

Small nonprofits that lost exempt status may be eligible for reinstatement

06/29/2011 - 17:51 - 2234 reads

In June 2011, the IRS announced that approximately 275,000 nonprofits had automatically lost their exempt status under these new provisions. To help those small organizations that had inadvertently found themselves in this situation, the IRS has issued Notice 2011-43, describing how the exempt status of these nonprofits may be reinstated.

Boston area firm donates day of business to nonprofits

06/23/2011 - 12:01 - 1524 reads

Westborough, Mass.-based CCR LLP recently closed its doors for a day to volunteer in communities around New England in its Fourth Annual Community Day of Caring.

Nonprofits and International Financial Reporting Standards

02/14/2011 - 20:13 - 2509 reads

Kurt Herdman of Schneider Downs explains how IFRS has and will continue to have an effect on nonprofit organizations.

Thousands of not-for-profits could have tax-exempt status revoked

11/18/2010 - 10:16 - 7303 reads

Now that the October 15 deadline has passed, as many as 400,000 not-for-profit organizations could be in danger of losing their tax exempt status.

IRS gives non-profits one last chance to preserve tax exempt status

08/03/2010 - 12:59 - 3552 reads

Hundreds of thousands of small nonprofit organizations are at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008, and 2009. These organizations can preserve their status by filing returns by Oct. 15, 2010, under a one-time relief program offered by the Internal Revenue Service.