During our August nonprofit workshop, our nonprofit team shared the latest in accounting and tax updates, as well as insights from AICPA’s recently revised Audit & Accounting Guide for Not-for-Profit Entities. We posed various questions during our workshop and over the next few blog postings, we will share the answers to those questions. Q. Is a bequest receivable [...]

During our August nonprofit workshop, our nonprofit team shared the latest in accounting and tax updates, as well as insights from AICPA’s recently revised Audit & Accounting Guide for Not-for-Profit Entities. We posed various questions during our workshop and over the next few blog postings, we will share the answers to those questions. Q. When is a challenge gra [...]

During our August nonprofit workshop, our nonprofit team shared the latest in accounting and tax updates, as well as insights from AICPA’s recently revised Audit & Accounting Guide for Not-for-Profit Entities. We posed various questions during our workshop and over the next few blog postings, we will share the answers to those questions. Q. What is the appropriate [...]

During our August nonprofit workshop, our nonprofit team shared the latest in accounting and tax updates, as well as insights from AICPA's recently revised Audit & Accounting Guide for Not-for-Profit Entities. We posed various questions during our workshop and over the next few blog postings, we will share the answers to those questions. Q. Why is distinguishing c [...]

During our August nonprofit workshop, our nonprofit team shared the latest in accounting and tax updates, as well as insights from AICPA's recently revised Audit & Accounting Guide for Not-for-Profit Entities. We posed various questions during our workshop and over the next few blog postings, we will share the answers to those questions. During our firm’s recent n [...]

Is your business or organization making payments/distributions in excess of $1,500 to nonresident independent contractors, shareholders or partners?If yes, then understanding the reporting requirements under California’s nonwage income tax withholding rules should be an important consideration. Entities that have failed to withhold California income taxes are subject [...]

By: Richard Ruvelson Former Commissioner of Internal Revenue Mark Everson met with a group of GHJ clients and tax personnel on Wednesday August 7, 2013. Everson currently serves as the Vice Chairman of alliantgroup, a national tax consulting firm that works closely with businesses and accounting firms with respect to federal and state tax credits and incentives, as w [...]

The GHJ Entertainment Newsletter contains content related to the people, news and business issues we see in our day-to-day service to the industry.In This IssueThe Alan Ladd Case Motion picture distributors, or studios, often license motion pictures and television products to domestic and international television exhibitors in batches or packages. The value negotiated [...]

The purpose of this quarterly California Tax Legislative update is to provide our clients and prospective clients with timely and meaningful updates that affect both their personal income and business taxes. The 2nd Quarter of 2013 saw a proposed law change that could significantly impact the California tax posture of in-state businesses. The proposed law change, whi [...]

By: Margaret Karren While attending the 2013 AICPA Not-for-Profit Industry Conference this past week in Washington D.C., I learned some interesting facts and statistics about employees committing fraud in the nonprofit sector. A typical fraud in a nonprofit organization is for $100,000. Billing fraud accounts for 24.9% of fraud cases. Billing schemes include unreco [...]