GHJ hosted its 2022 Nonprofit Accounting and Tax Update on May 25, 2022. GHJ’s expert panel shared resources and provided guidance on recent tax and accounting changes impacting the nonprofit sector. Watch the recording to learn what key information nonprofit teams need to prepare for the future.

Discussion highlights included:

• Tax
  • 2021 Form 990 changes
  • IRS examinations
• Accounting
  • Federal funding update:
    • CARES Act
    • American Recovery Plan Act
  • New accounting standards:
    • Contributed Nonfinancial Assets
    • Leases
  • Revisions to the auditor’s report and communication to those charged with governance
  • Revenue recognition refresher
  • Cryptocurrency donations
  • Internal controls and cybersecurity threats

• Treasury and IRS Updates
  • Green Book Proposal
  • Accelerating Charitable Efforts Act (ACE)
  • FY22 Priority Guidance Plan
  • Exempt Organization Compliance Strategies

View the presentation slides here

For those that attended, CPE credit will be provided within the next month. If you have any questions about the webinar topic or CPE, please reach out to ghjmarketing@ghjadvisors.com and we will connect you with the best person to answer your questions.