Tax Cuts and Jobs Act and the Impact on Charitable Giving
It is difficult to predict with any degree of certainty what impact the Tax Cuts and Job Act will have on charitable giving. Hear what John Alfonso, Not-for-Profit Industry Practice Leader, and Tom Lanning, Partner in the Not-for-Profit Industry Practice, share their thoughts on the state of charitable giving, and what charities should be doing to make sure that they don’t lose dollars that may currently be at risk.
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InsightFASB Issues Guidance on Contributions Received and Contributions MadeOn June 21, 2018, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU 2018-08) intended to clarify and improve the scope and the accounting guidance for contributions received and made, primarily by not-for-profit organizations