As a nonprofit, you have likely been asked many times, “What is your program expense percentage?” But what does this percentage actually mean, and what does it mean for your…
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On June 14, 2023, Treasury and the IRS released long-awaited guidance on the changes to certain renewable energy tax credits enacted by the Inflation Reduction Act (“IRA”), which significantly impacts…
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Over the past few years, there has been increasing interest in modifying charitable giving laws. The charitable giving that has seen the most scrutiny is donor advised funds. A donor…
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Parsippany, NJ, October 7, 2022 — Nationally ranked accounting, tax and business advisory leader, SAX, has announced the addition of Lauren Frary, MA, LRC as Director of Strategic Business Transformation…
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Parsippany, NJ, September 23, 2022: Top 100 accounting, tax, and advisory firm, SAX, is proud to announce the winner of its fifth annual Founders’ Award. Popcorn for the People was…
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Parsippany, NJ, September 16, 2022 — Top 100 accounting, tax and business advisory leader, SAX, has announced the addition of Scott J. Goldberg, CPA to the firm’s established Not-for-Profit Practice…
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Most individuals who work for a non-profit organization or serve on the board of directors/trustees may not know what a conflict of interest means. People are often unaware that their…
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On January 18, 2022, Governor Murphy signed legislation that would change the audit threshold for New Jersey not-for-profit organizations. The previous “Charitable Registration and Investigation Act” required organizations with gross…
read moreIn February 2020, the FASB proposed an update to improve generally accepted accounting principles (GAAP) by increasing the transparency of contributed non-financial assets for not-for-profit (NFP) entities through enhancements to…
read moreTop 100 accounting, tax and business advisory leader, SAX, is proud to announce the winner of the firm’s 3rd Annual Founders’ Award – NJ Sharing Network – for best demonstrating their impact on their beneficiaries.
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