What Should Independent Schools Know about Recent Changes to Financial Accounting Standards for Nonprofits?

By Patricia Yeager, CPA and Audit Partner One way independent schools and other nonprofits communicate with donors or other stakeholders is through their financial reporting. Sound accounting practices result in financial reports that signal responsible stewardship of donations, tuition or assets in the service of the organization’s mission. New guidance on financial reporting for nonprofit …

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Taxpayers Should Remain Vigilant Even as Justice Dept. Arrests Phone Scammers

By Steve Horn, CPA and Tax Partner We reported this summer about phone scammers posing as Internal Revenue Service (IRS) employees to harass their targets into paying allegedly-owed taxes. The U.S. Justice Department announced in late October that it has indicted and arrested dozens of individuals in the U.S. and India for alleged involvement in …

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