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Forging New Paths
The RSM nonprofit practice consists of professionals who meet the assurance, tax and consulting service needs of organizations in areas such as: federal award compliance, international, technology and more. Our objective is to maintain the most current information available related to developments for nonprofit organizations so you can focus on success and not regulations.
Nonprofit board governance requires a clear understanding of the difference between board members and organization management.
Audit committee roles and responsibilities are under increased scrutiny following financial compliance reporting incidents in recent years.
RSM helped US Veterans Initiative transition to the cloud and stabilize their IT infrastructure. Watch the video to learn more.
FINANCIAL REPORTING INSIGHTS
FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.
The IRS Tax Exempt and Government Entities division released the Fiscal Year 2020 Program Letter on Oct. 17, 2019.
The U.S. Treasury Dept. and the IRS released the 2019-2020 priority guidance plan, including items related to exempt organizations.
Minnesota tax-exempt organizations may find some relief knowing that the state does not conform with two major federal changes.
Proposed regulations reflect updated donor and other information reporting requirements; related penalty relief provided.