Not-for-Profit Financial Statement Exposure Draft

Posted on Wednesday, June 03, 2015

On April 22, 2015 the Financial Accounting Standards Board (FASB) issued an Exposure Draft of the proposed Accounting Standards Update, Not-for-Profit Entities

Lawmakers Add Tax Measures To Trade Package, Approve Other Bills

Posted on Monday, June 01, 2015

Tax provisions are often included as revenue raisers in non-tax bills and this year is no exception. A massive trade package making its way through Congress

How to Form a Nonprofit in Indiana

Posted on Wednesday, May 20, 2015

Are you interested in forming a nonprofit corporation in Indiana? Here are the basic steps of creating a nonprofit organization in Indiana; however, you may

Preventing Tax Related Identity Theft

Posted on Friday, May 15, 2015

The IRS expects to receive more than 150 million individual income tax returns this year and issue billions of dollars in refunds. That huge pool of refunds

Being Preparing For 2016 Filing Season

Posted on Thursday, May 07, 2015

It is never too early to begin planning for the 2016 filing season, the IRS has advised in seven new planning tips published on its website. Although the

Management and General Expenses

Posted on Wednesday, May 06, 2015

Both generally accepted accounting principles and the IRS require nonprofit organizations to report their expenses by function – program, management and

IRS Reports Decline In Audit Coverage Following Budget Shortfalls

Posted on Monday, May 04, 2015

The IRS budget has suffered significant funding cuts to the past few fiscal year (FY) budgets. Most recently, IRS Commissioner John Koskinen told reporters that

Tax Legislation Advances As Filing Season Concludes Successfully

Posted on Friday, May 01, 2015

Congress returned to work in April after a two week recess and the House immediately passed a slew of tax-related bills. In rapid succession, House lawmakers

Next Year’s Tax Return Starts With Good Recordkeeping

Posted on Thursday, April 23, 2015

As the 2015 tax filing season comes to an end, now is a good time to begin thinking about next year's returns. While it may seem early to be preparing for

For Profit Subsidiaries

Posted on Wednesday, April 22, 2015

It is not uncommon for nonprofit organizations to form for-profit subsidiaries.  These for-profit subsidiaries are most frequently found in hospitals and

Disclaimer: The information contained in Dulin, Ward & DeWald’s blog is provided for general educational purposes only and should not be construed as financial or legal advice on any subject matter. Before taking any action based on this information, we strongly encourage you to consult competent legal, accounting or other professional advice about your specific situation. Questions on blog posts may be submitted to your DWD representative.

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