Excise Tax on Executive Compensation: What’s Known Now, What’s To Be Determined
For years beginning after December 31, 2017, tax exempt organizations will now be required to pay a 21% excise tax for any compensation that it paid to its “covered employees” that exceeds $1 million. Watch Tom Lanning, Partner in the Not-for-Profit Industry Practice, explain what not-for-profits need to know about excise tax.
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InsightCohnReznick webinar recap: 2019 FASB Update for Not-for-Profit OrganizationsCatherine SysloRecently, CohnReznick’s Not-for-Profit and Education practice hosted a webinar titled, “2019 FASB Update for Not-for-Profit Organizations.” The webinar, the latest in our ongoing Not-For-Profit Governance & Financial Management Webinar Series, focused on key ASUs for not-for-profits. In this article, we provide important hightlights related to ASU 2018-08, “Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made.”
On-demand2019 FASB Update for Not-for-Profit OrganizationsCatherine Syslo, John Alfonso, Rick ColeJoin CohnReznick for a timely accounting update for not-for-profit organizations. Taught by Rick Cole, Supervising Project Manager at the Financial Accounting Standards Board (FASB), this webinar will cover key areas of: ASU 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made; ASU 2014-09, Revenue from Contracts with Customers; and ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities.
Insight2019 Not-for-Profit & Education Industry Perspectives ReportJohn AlfonsoAs 2019 is already emerging as a year when many not-for-profits are being asked to do even more with less, how will the leaders of these vital not-for-profits navigate these challenging times and ensure their organizations will continue to thrive? To find out, we consulted executives from a diverse array of not-for-profits in the areas of higher education, associations, foundations and grant-making organizations, social services, and housing organizations.