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20/20 Insights
Breaking News: Revised Overtime Rule Becomes Effective
Published 09/25/2019
Brief History In 1938, the Fair Labor Standards Act (FLSA) was passed to establish minimum wage, overtime pay, recordkeeping and…
New rules clarify accounting for grants and contributions
Published 08/08/2019
When the Financial Accounting Standards Board (FASB) released new rules for revenue recognition in 2014, contributions were specifically excluded. Now…
Building an effective audit committee
Published 08/08/2019
Your nonprofit’s board isn’t required to form an audit committee — even if your organization is required to conduct audits.…
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