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Finance and accounting teams often encounter projects that require unique resources and tight deadlines, yet overwhelmed team members may overlook a possible solution. While traditional staffing typically involves a lengthy hiring and onboarding process, interim staffing can quickly provide curated… Read more
Recent developments from the U.S. Supreme Court have significant implications for nonprofit organizations that rely on federal funding. A series of legal battles over the executive branch’s ability to halt federal disbursements have created uncertainty, affecting organizations with government grants…
As we step into 2025, the importance of cybersecurity for nonprofit organizations cannot be overstated. The digital landscape is fraught with evolving threats that pose significant risks to the operations, reputation and financial stability of nonprofits. This article aims to highlight the critical…
In the wake of the Office of Management and Budget's (OMB) recent directive to temporarily halt federal financial assistance, federal agencies are now under a tight deadline to conduct a detailed analysis of their programs. This requirement, stemming from the now rescinded Memorandum M-25-13, aligns…
On February 10, 2025, President Trump signed two Presidential Proclamations (PPs) imposing updated tariffs of 25% ad valorem that will apply to all imports of steel and aluminum products from all countries starting March 12, 2025. Canada is the largest supplier of steel to the U.S., followed by…
In a historic “first,” President Trump signed three executive orders (EOs) on February 1, 2025, imposing new 25% ad valorem tariffs that would apply to most merchandise imported into the U.S. from Canada and Mexico starting on February 4, 2025, now delayed 30 days. These duties will be imposed in…
Republicans in the U.S. House of Representatives Budget Committee recently circulated a draft list of policy options, some of which would help pay for the extension of the expiring provisions of the Tax Cuts and Jobs Act of 2017 and set President Donald Trump’s tax policy agenda.
President Donald Trump on January 20, 2025 -- his first day in office -- issued a memorandum to clarify that the “Global Tax Deal” has no force or effect in the U.S., and directing the secretary of the Treasury and the U.S. permanent representative to the OECD to notify the global organization that…
Foreign Account Tax Account Compliance Act (FATCA) Responsible Officer certifications are due by July 1, 2025, for the certification period ending December 31, 2024. Entities that are required to certify must submit their certifications by the due date to be in compliance with obligations under…