This posting is a part of a 3-part series. The full article will be available in the coming weeks. Click here to read previous post.
By Alexander J. Narcise, CPA and contributions from the entire Wiss and Company LLP Real Estate Team:
Michael Kroll, CPA
Larry DiPasquale, CPA
Steve Warholak, CPA
Michael Bodrato, CPA
Kyle Pennacchia, CPA
James Jenco, CPA
Ken Trainor, CPA
Phil London, CPA
Chris Gati, CPA
Charlie Komack, CPA
The Internal Revenue Code has historically provided many...
By Vanessa Munoz
In an effort to improve financial reporting for nonprofits, the Financial Accounting Standards Board (FASB) is implementing various changes. Among these changes are how expenses are being reported.
When it comes to financial reporting, many nonprofit organizations are only required to provide expenses by their nature (i.e. salaries, travel, rent, etc.).
However, voluntary health and welfare organizations are also required to present a statement...