Understanding the Change The Financial Accounting Standards Board (FASB) has released Accounting Standards Update (ASU) 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans, a significant development for banks involved in…
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Your staffers and volunteers have likely worked hard this year, seizing opportunities and overcoming challenges in the pursuit of your not-for-profit’s mission. Many of your stakeholders probably consider successful outcomes…
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If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses, now’s a good time to check your balance. FSAs save…
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With Notice 2025–67, the IRS has issued its 2026 inflation-adjusted retirement plan contribution limits. Although the changes are more modest than in recent years, most retirement-plan-related limits will still increase…
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When businesses issue audited financial statements, year-end physical inventory counts may be required for retailers, manufacturers, contractors and others that carry significant inventory. Auditors don’t perform the counts themselves, but…
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If you’re planning a major fundraiser such as a dinner gala, you may be focused on the fun factors — for example, the venue, menu and entertainment. After all, providing…
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