We offer a collection of resources specifically for non-profit organizations,
brought to you by the firm of Heveron & Company CPAs, PLLC.
You can browse our quarterly newsletters, policy samples, and a large
assortment of links to the best Internet resources we have found for
non-profit organizations.
We are uniquely committed to the nonprofit industry!
We understand the impact that increased regulations and oversight, shifts in funding sources, increased audit requirements, and volatile investment markets have on you. We do proportionally more auditing than any other firm in INPACT Americas (a nationwide association of CPA firms we belong to); most of that work is for nonprofits. We produce a regular newsletter for nonprofits.
The Other Public Support Test – the 10% Facts and Circumstances Test
/in News/by jheveronIf you fail the traditional public support test you can still qualify as a publicly supported
charity if you qualify under the 10% Facts and Circumstances Test. Learn more here.
Workplace for Good: Facebook’s Free Enterprise Collaboration Tool for Nonprofits
/in News/by jheveronDownload the complete newsletter HERE INSIDE THIS ISSUE: Changes in Your Legal Form New Financial Reporting Implementation Guide (view checklist) The Charities Bureau Moved! New Publications and Updates from IRS The De Minimis Indirect Cost Rate: Not All It’s Cracked Up to Be Affordable Housing: Paying or Your Section 168(h) Election The Other Public Support […]
The 10% De Minimis Indirect Cost Rate-Not All It’s Cracked up to Be
/in News/by jheveronLearn more about the 20% de minimus indirect cost rate, how it applies and what reimbursement you’re entitled to.
Workers Compensation and Unemployment Guidance for NYS Charities
/in News/by jheveronthe document contains information about New York State workers compensation and unemployment for charities
When is Real Property Rental an Unrelated Business Activity?
/in News/by jheveronThis document contains rules and exceptions for when nonprofit rental income is subject to unrelated business income tax
Uniform Guidance-Payroll Documentation
/in News/by jheveronthis document contains a summary of the new rules for documenting payroll allocation by nonprofits that receive federal awards
Summer 2018 Newsletter
/in Newsletters/by jheveronDownload the complete newsletter HERE INSIDE THIS ISSUE: • New IRS Search Engine for Eligible Charities • Affordable Housing Is Impacted by Recent Federal and State Legislation • The Charities Bureau Moved! • Charter School Audit: What to Expect From a New York State Comptroller Audit • IRS Review of Your Website and Social Media […]
Sub-Recipient Monitoring
/in News/by jheveronif you receive federal awards and pass them through to other organizations, you need to determine whether those organizations are sub- recipients. If they are, Uniform Guidance requires you to monitor the use of those pass through funds.
Reducing the Possibility of Fraud in Your Nonprofit
/in News/by jheveronthis document contains information about resources for reducing fraud in nonprofits
Purchasing Policies for Nonprofits That Are Not Required to Have Federally Compliant Purchasing Policies
/in News/by jheveronIf you aren’t required to have a federally compliant purchasing policy, you might benefit from some of the wisdom and best practices required for these policies.
Grantmaking and Grant Monitoring by Charities Grants to Foreign Charities
/in News/by jheveronthis document contains information about procedures US charities should follow when they provide grants to overseas charities or carry-on programs outside the US
Nonprofit Multistate Filing
/in News/by jheveronthis document contains information about registration requirements for nonprofits in states where they solicit contributions
Spring 2018 Newsletter
/in Newsletters/by jheveronDownload the complete newsletter HERE INSIDE THIS ISSUE: • How the New Tax Laws Affect Nonprofits • Stephanie Annunziata, CPA, presents a nonprofit update to the Monroe County Bar Association • Leading with Intent: a BoardSource Report • Volunteering Out of Unrelated Business Income Taxation • How the New Federal Tax Law Affects Affordable Housing […]
How the New Tax Law Affects Nonprofits
/in News/by jheveronThe recently enacted tax law has both direct and indirect effect on nonprofits. The indirect effect is the decreased tax incentive for charitable contributions that results from doubling the standard deduction, decreasing individual and corporate tax rates, and increasing the estate tax exemption. It is difficult to know how these will affect charitable giving, but […]
How the New Federal Tax Law and the New York State Budget Affect Affordable Housing: Heveron & Company CPAs
/in News/by jheveronThe new tax law was not a direct hit on affordable housing, affordable housing tax credits remain intact, and interest on affordable housing private activity bonds continue to be nontaxable, but some say that it will have a significant indirect adverse affect, because reduced corporate tax rates decrease incentive to purchase affordable housing tax credits. […]
New Rules for Raffles; Solving a Problem You Didn’t Know You Had
/in News/by jheveronnonprofits can only accept cash for lottery ticket purchases in New York State but that may change thanks to propose legislation
Winter 2017 Newsletter
/in Newsletters/by jheveronDownload the complete newsletter HERE INSIDE THIS ISSUE: • Upgrade and Simplify Your Accounting System • Related Activities Can Result in Unrelated Business Income • Form 1099-MISC Filing Reminder • What IRS Has in Store for Nonprofits During 2018 • No More Housing Allowance for Clergy? • How Good Is Your Charity’s Reputation? • WebStar […]
Nonprofit Multistate Filing
/in News/by jheveronthis document contains information about registration requirements for nonprofits in states where they solicit contributions
Measuring and Reporting Nonprofit Outcomes
/in News/by jheveronthis document contains information about how to measure and report nonprofit outcomes
Internal Controls over Federal Awards
/in News/by jheveronUniform Guidance (guidelines for organizations receiving federal awards) states that you must establish and maintain internal controls over federal awards that provide reasonable assurance that you are managing them in compliance with general federal requirements and the specific rules for the funding you receive. Internal controls should be in compliance with the Green Book and/or […]