Balbin International

Alliance of Independent Certified Public Accountants and Business Consultants

Not-For-Profit Corporations
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Governmental - Not-for-Profit Accounting and Auditing Issues
A LinkedIn group
    3 Things Not-for-Profits Need to Understand about their Finances  
       Answers to 5 Common Cloud Questions for Not-for-Profits               
Do Nonprofit Directors Face Cyber Security Risk?
Consolidating Not-for-Profit Entities
Under Discussion in this Group:     Click HERE         
  • 5 Steps to Increase Effectiveness for Not-for-Profit Leaders
  • Are you up to speed on these 5 Trends in Government Reporting? White Paper - Brittany Peterson - Product Marketing Manager at Workiva
  • Overtime and FLSA 2016 - Patti Denton, CPA, MBA, CNAP
  • Single Audit Certification - Robert Diss - Vice President, Audit and Attest at Lindsey + Associates, LLC
  • How to Review Working Papers and Still Win Friends and Influence People - Charles B. Hall, CPA, CFE - Quality Control Partner at McNair, McLemore, Middlebrooks &
    Co., LLC
  • Supporting Organization vs. Private Foundation – Mark Hoover - Strategic CFO/Finance Leader in Health Care and Non Profit that Helps You Understand Those Baffling
    Reports and Analysis
  • Even in Bankruptcy you still have a fiduciary responsibility - Pat Krueger  - Accounting Manager at The Salvation Army
  • Is Charity Navigator Going the Right Direction? - Mark Hoover - Strategic CFO/Finance Leader in Health Care and Non Profit that Helps You Understand Those Baffling
    Reports and Analysis
  • Is There Audit Harmonization in Europe? - Peter Berg - Authorized accounting consultant at Redovisnings Huset i Södertälje AB
  • Yellow Book Independence Documentation is Important - Charles B. Hall, CPA, CFE - Quality Control Partner at McNair, McLemore, Middlebrooks & Co., LLC
  • Directors and Officers Liability Insurance: Why It’s Worth the Cost – Armando Balbin, CPA, CGMA
Alternative Investments and UBIT: Knowing is Half the Battle
Articles:
News and Comments:
Tax Compliance Issues for Non-Profits - James J. Newhard, CPA - jim@jjncpa.com
  • Annual Filing and Reporting Requirements: Form 990
  • Unlike individual tax returns filed with the IRS, which may be postmarked on April 15, Forms 990 must be received (not postmarked) by the IRS before the May 15 due date.
  • Unrelated Business Income Taxes (UBIT)
  • Employment and Payroll Compliance
  • State Tax Compliance
  • Stay Informed These are just a few of the tax-compliance issues facing nonprofit organizations. If you have any questions, would like more information, or need help setting
    up an accountable reimbursement plan that meets IRS requirements, please call.
For full text click HERE
Not-for-Profit Board of Advisors
To see the members list please click HERE
Important Links:
Books We Recommend:
  • The Little Book of Local Government Fraud Prevention  - Charles B. Hall, CPA, CFE  - Amazon
  • Preparation of Financial Statements & Compilation Engagements - Charles B. Hall, CPA, CFE  -Amazon
  • How to Form a Nonprofit Corporation (book w/ CD-Rom) 8th Edition by Anthony Mancuso Attorney (Author) - Amazon  

  • Not-for-Profit Entities - Audit and Accounting Guide - AICPA
Fact: In 2015, the number of tax-exempt organizations in the U.S. reached 1,571,056, as reported by the National Center for Charitable Statistics
Fact: There are an estimated 312,373 congregations in the United States in May 2016. (Source: American Church Lists), as reported by the National Center for Charitable
Statistics
Fact: In 2010, nonprofits accounted for 9.2% of all wages and salaries paid in the United States.(Source: The Nonprofit Almanac, 2012), as reported by the National Center for
Charitable Statistics
Fact: In December 2013, the Office of Management and Budget issued the “Uniform Guidance on Cost Principles, Audit, and Administrative Requirements for Federal Awards.”
It is also known as the Supercircular or Omnicircular. It is in effect in December 2014
Exempt Organizations Select Check
IRS - Exempt Organizations Select Check