Not for Profit

Revenue Recognition of Grants and Contracts for NFP Entities

Recently, the Financial Accounting Standards Board (“FASB”) issued a proposed Accounting Standards Update (“ASU”) on revenue recognition for contracts and grants, titled ‘Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made.’ The comment period has ended, and a final ASU is expected to be issued by June 2018. This topic became […]

Individual and Entity 2017 Tax Update Webcast

INDIVIDUAL AND ENTITY 2017 TAX UPDATE All Industries December 5, 2017 | 11 AM EST This webcast explored the individual income tax, domestic and international entity tax, and transfer tax landscape as well as year-end tax strategies. Take full advantage of this opportunity to hear from experts at Mazars USA LLP as they provide an […]

Let’s Get Practical

As the heart of today’s society, nonprofits continue to grow in number and social impact. However, they also remain at the forefront of regulation and oversight. The pace of new guidelines, expectations, compliance requirements, nonprofit laws and ongoing oversight audits exceeds the speed at which many individuals and nonprofits can digest them. As such, there […]

Revenue From Contracts With Customers

In May 2014, the Financial Accounting Standards Board (FASB) issued ASU No. 2014-09 Revenue from Contracts with Customers, which presents a single, global, principles-based revenue recognition model. And, in August 2015, it issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which extended the effective date for all […]

Not for Profit Regulatory Changes of Summer 2017 Podcast

NOT FOR PROFIT REGULATORY CHANGES OF SUMMER 2017 Not-for-Profit August 2017 A brief update on some relevant not for profit regulatory changes which take effect in summer 2017 Israel Tannenbaum | Mazars USA LLP Podcast Player: Contact: Mitchell Lewis | Phone: 212.375.6723 | Email:

Income Tax Disclosures for Not-for-Profits

Many Not-For-Profits (NFPs) unnecessarily make disclosures about unrecognized tax benefits. Perhaps this happens because of confusion around the difference between a tax position and an unrecognized tax benefit, or because of a recently withdrawn AICPA Technical Question and Answer (Q&A). All NFPs have tax positions. Tax positions are decisions taken in a previously filed income […]