GHJ's held its annual “Nonprofit Accounting and Tax Update” Webinar on June 13, 2023.
During the event, GHJ’s expert panel shared resources and provide guidance on recent tax and accounting changes impacting the nonprofit sector. Attendees learned what key information nonprofit teams need to prepare for the future.
Discussion highlights included:
- Economic Outlook
- New Accounting Standards:
- Gifts-in-Kind
- Leases
- Estimating Allowances for Credit Losses
- Revenue Recognition Tips and Traps
- Technology Trends and Best Practices
- Treasury and IRS:
- Priority Guidance Plan
- Employee Retention Credit
- Donor Advised Funds
- Solar and Efficiency Credits
