How to Strengthen Your Nonprofit's Cash Flow
Many nonprofits experience financial challenges. Even organizations with healthy fundraising can face cash shortages if money isn't arriving when it's needed. Whatever your organization's situation, better cash flow management can enhance your financial stability.
Building A Culture of Accountability in Nonprofits
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Accountability starts with following all applicable laws and rules for your nonprofit.
Important Electronic Payment Changes Coming
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The IRS has recently issued updated guidance confirming that paper checks are being phased out as part of a government-wide effort to modernize payments, improve security, and reduce fraud.
Sisterson Completes Triennial Peer Review with Highest Rating
This past fall, Sisterson & Co. LLP completed its triennial independent peer review of the firm's audit quality control system, conducted by independent CPA firm Faw Casson.
2026 Tax Calendar
To help make sure you don't miss any important 2025 deadlines, we're providing this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance meeting them.
IRS Issues Guidance on New 2025 Tips & Overtime Deductions: What Employers Need to Know
The IRS has released critical guidance clarifying how new deductions for qualified cash tips and overtime compensation will be calculated for the 2025 tax year under the One Big Beautiful Bill Act (OBBBA)
IRS Announces 2026 Cost of Living Adjustments to Various Retirement Plan Limits
IRS Announces 2026 Cost of Living Adjustments to Various Retirement Plan Limits
IRS Increases PCORI Fee for 2026
The Internal Revenue Service (IRS) has announced an updated Patient-Centered Outcomes Research Institute (PCORI) fee under the Affordable Care Act (ACA), as outlined in Notice 2025-61.
R&D Capitalization Under the OBBBA: Welcome Relief, Questions Remain
The One Big Beautiful Bill Act ("OBBBA") was signed into law on July 4th and is largely an extension of the Tax Cuts and Jobs Act of 2017, with a few new provisions added.
The Search Is On: Finding an Independent Auditor
Even if your not-for-profit isn't legally required to obtain independent audits, such audits can enhance financial transparency, increase accountability and help you build trust with your stakeholders.
QOZ Permanence Brings Renewed Interest—and Unresolved Decertification Rules
With an intense tax policy season behind us, we now have final tax legislation in place through the One Big Beautiful Bill Act (OBBBA). The OBBBA includes an expansion of the Qualified Opportunity Zone program and makes the QOZ provisions permanent.
One Big Beautiful Bill Act (OBBBA)
A high-level summary of some of the provisions we believe are most relevant to businesses, investors, and their advisors. Effective dates vary by provision so it will be important to track.
Avoid These Four Common Nonprofit Accounting Pitfalls
It may be tempting to try to save money and perform your nonprofit's accounting tasks internally. But if your staff isn't experienced and properly trained, mistakes are likely to occur — with potentially serious repercussions.
Extracting Value from Your Audit Reports
Only some not-for-profit organizations are required to conduct independent annual audits.
2025 Tax Calendar
Below is a summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them.
2025 Mileage Rates Announced
On December 20, 2024, the IRS released the optional standard mileage rates for 2025.
Fundamental Differences Between Nonprofit and For-profit Accounting
You may know the difference between nonprofit and for-profit accounting systems, but do your newest employees and board members?
2025 Inflation Adjustments
On October 22, 2024, the IRS issued Revenue Procedure 2024-40, announcing the 2025 inflation-adjusted amounts for various tax items.