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Toolkit for Implementing the New Lease Accounting Standard

In 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) which significantly affects financial statement accounting for leases. The key difference between existing lease guidance and the new guidance under Topic 842 is the requirement for lessees to recognize lease contracts with lease terms greater than 12 months, including operating leases, on the statement of financial position.

U.S. Supreme Court Questions California Donor Disclosure Mandate

After oral arguments before the Supreme Court this week, California’s controversial requirement appears to be in jeopardy, at least in its current form.

USPS Needs to Stop Excessive Postal Rate Increases

In addition to the usual January postal rate increase which follows the rate of inflation (1.5% this year), the USPS is expected to announce a second, very large, 6.5-8.5% rate increase.

Avoiding Tax Return Errors

When filing tax returns, there are some common errors that can delay refunds or affect normal processing of a taxpayer’s return. As the extended May 17 deadline for tax returns gets closer, the IRS issued a summary of recommended ways to avoid tax return slipups.

Charitable Giving Data Draws Attention on Capitol Hill

Recent studies make a compelling case that nonprofits need further assistance from Congress as the pandemic’s economic impact continues

Youth For Christ Southwest Michigan Becomes an ECFA Accredited Organization

STURGIS, MI – The ECFA (Evangelical Council for Financial Accountability) announced today the accreditation of Youth For Christ Southwest Michigan of Sturgis, MI.

Vineyard USA Becomes an ECFA Accredited Organization

STAFFORD, TX – The ECFA (Evangelical Council for Financial Accountability) announced today the accreditation of Vineyard USA of Stafford, TX.

Truth78 Becomes an ECFA Accredited Organization

ST. PAUL, MN – The ECFA (Evangelical Council for Financial Accountability) announced today the accreditation of Truth78 of St. Paul, MN.

The Enlighten Foundation Becomes an ECFA Accredited Organization

DENVER, CO – The ECFA (Evangelical Council for Financial Accountability) announced today the accreditation of The Enlighten Foundation of Denver, CO.

North Greenville University Becomes an ECFA Accredited Organization

TIGERVILLE, SC – The ECFA (Evangelical Council for Financial Accountability) announced today the accreditation of North Greenville University of Tigerville, SC.

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