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April/May 2021 » Not-for-Profit Resources
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Susan B. Anders, PhD, CPA/CGMA
CPAs in the not-for-profit (NFP) sector are busy keeping up with financial accounting, tax law, technology, and operational changes. Many recent tax provisions affect NFP organizations, as well as businesses, and the IRS Tax Exempt and Government Entities Division has also updated its compliance program with new initiatives. Establishments that have traditionally run on a tight budget with multi-tasking personnel have faced special challenges under the remote working and fundraising environment.
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