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How to Conduct a Mid-Year Tax Check In

Do you need to reduce costs and make sure you are on target for business goals? Want to get ahead on this year’s taxes? A midyear tax check in will help you accomplish all of these and more. Let’s see why.

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Changes to NFP reporting of gifts-in-kind

There is a new emphasis and an upcoming required change in how your NFP financials will present and disclose gifts-in-kind. Accounting Standard ASU No. 2020-07 has mandated this change. It will be effective for annual periods beginning after June 15, 2021. This Accounting Standard improves transparency for gift-in-kind transactions by requiring the following:

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