Insights by Author: Stacey Gumley

Gifts-in-Kind: New Reporting Requirements for Nonprofits

June 27, 2022

Nonprofits that receive contributions of nonfinancial assets are subject to new financial reporting rules. Because of…

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Not-for-Profits Now Benefit from GAAP Alternatives

June 28, 2019

The Financial Accounting Standards Board (FASB) recently announced that it will now extend two of its…

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New Accounting Standard Brings Big Changes to Not-for-Profit Financial Reporting

March 16, 2017

Not-for-profit organizations will see big changes coming soon to their financial reporting. After years of discussion,…

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IRS Lowers Fees for Tax-Exempt Charity Application

September 23, 2016

Now there’s a headline you don’t see too often: “IRS Lowers Fees…” It’s true. Effective July…

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Moving Forward with SSARS 21

February 16, 2016

December 15, 2015 marked an important date in accounting and review standards history. One of the…

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Record Retention Guidelines and Policy Development

October 31, 2013

Although the topic of recordkeeping, including retention and destruction of records, may appear to be straightforward,…

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Being Skeptical: Is it Really a Bad Thing?

We have all met people who we would consider a "Debbie Downer" or a "Doubting Thomas." ...
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Your Documents: Where You Need Them, When You Need Them

When you think about what the biggest bottlenecks are in your organization, there's a good chance ...
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Preventing and Detecting Fraud in Your Organization

According to the Association of Certified Fraud Examiners' 2014 Fraud Study, Report to the Nations on ...
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Tax Deadline Reminder: FBARs Due by June 30

The deadline is fast approaching for certain taxpayers to report accounts they hold in foreign banks ...
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Eileen Sheridan Featured in CalCPA Magazine

We are pleased to spotlight Partner Eileen Sheridan on the cover of last month’s California CPA ...
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Small Business Reprieve on Health Premium Reimbursement Plans

Historically, companies that wanted their employees to be protected with health coverage, but didn't want the ...
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New California Credit: College Access Tax Credit

A new California tax credit became available in 2014 for both individuals and businesses who contribute ...
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Student Scholarships – Free Money or Taxable Income?

The taxability of student scholarship funds has been an issue for many years. In any student ...
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Charity Navigator: Giving Your Organization a Facelift

Charity Navigator, an online exempt organization rating website, is used by donors and members of the ...
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Tangible Asset and Repair Regulations Update

As you may recall from a previous article, the IRS issued final regulations that provide guidance ...
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Recent Court of Appeals Decision Highlights Loophole in California’s Prop 13

California's Proposition 13 was originally billed as a way to keep elderly fixed-income homeowners in their ...
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BPW Named doc-link for Dynamics Partner of the Year by Altec

We are proud to announce that Altec Products, Inc. has named BPW as their doc-link for Dynamics Partner of ...
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