Tax Documents Retention Guidelines
What 2018 tax records can you toss once you’ve filed your return? The short answer is: none. You need to hold on to all of your 2018 tax records for now. But this is a great time to take a look at your records for previous years and determine what you can purge.
NFP Financial Statement Primer
Although nonprofit financial statements are structured similarly to for-profit financial statements, their unique names and formats can make them harder to understand. This high level overview provides a description of each statement along with key information to look for that is specific to nonprofits.
NFP Financial Reporting Changes
In August 2016, a new accounting standard was released which will change certain financial reporting aspects for nonprofits. This two-page handout summarizes the key impacts of the new standard and provides additional considerations to help you apply the changes to your organization.