—By Author Biggest Improvement of Financial Reporting Guidance in Two Decades for Not-for-Profit Entities On August 18, 2016, the FASB issued a final ASU 2016-14, Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities, to improve financial... August 23, 2016
—By Author Guidance on How to Comply with Procurement Standards Under the Uniform Guidance In December 2013, the Office of Management and Budget (OMB) issued the new Uniform Guidance (UG), which includes comprehensive reform rules affecting all nonprofits receiving... August 3, 2016
—By Author MassHealth Issues One-Time Payments to Behavioral Health Care Providers Please be aware that MassHealth has authorized its MassHealth Reinvestment Payment 2016, a distribution of managed care savings to Massachusetts behavioral health care providers. These... July 19, 2016
Behavioral Health Massachusetts to Issue Changes to Surplus Revenue Retention Regulations AAFCPAs is pleased to report that there will be changes to the Massachusetts regulations regarding Surplus Revenue Retention, which appear favorable to human & social... July 6, 2016
—By Author Form SF-SAC Submission for Single Audits Deadline Extended The U.S. Office of Management and Budget (OMB) created, but has yet to issue its new data collection form (Form SF-SAC) applicable to single audits... June 29, 2016
—By Author Josh England, Esq. to Present Nonprofit Legal Seminar on Online Fundraising AAFCPAs Nonprofit Tax Strategist Josh England will volunteer his efforts and lead Lawyers Clearinghouse’s Legal Workshop for Nonprofits: Online Fundraising: Is Your Nonprofit in Compliance?... April 22, 2016
—By Author Nonprofit Financial Statement Project/ASU Update – FASB Announces Transition Method and Effective Dates The Financial Accounting Standards Board (FASB) reached much anticipated decisions regarding the transition and effective date for its Nonprofit Financial Statements Project, as of their... April 6, 2016
—By Author FASB Decisions Regarding NFP Financial Statements Project from March 2 Meeting The Financial Accounting Standards Board (FASB) continued its Phase 1 deliberations at its March 2nd, 2016 Board Meeting on the proposed FASB Accounting Standards Update... March 11, 2016
—By Author AAFCPAs’ Update on Decisions Reached in FASB NFP Financial Statements Project The Financial Accounting Standards Board (FASB) continued its Phase 1 deliberations at its February 3, 2016 Board Meeting on the proposed FASB Accounting Standards Update... February 16, 2016