Join RKL for this informative half-day seminar featuring tax and accounting updates, insights and education geared toward not-for-profit organizations. You’ll hear from our team about recent changes and topics that may soon affect your organization. Continental breakfast and lunch will be provided.
There is no cost to attend, but be sure to register early; seating is extremely limited.
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7:30 – 8:30 a.m. – Registration and Continental Breakfast
8:30 a.m. – Welcome
8:35 – 9:25 a.m. – Not-for-Profit Accounting and Auditing Update (1 credit A&A)
Sally Stewart, CPA, Principal, RKL Audit Services Group
Andrew Kehl, CPA, Manager, RKL Audit Services Group
This session will include an overview of recent accounting developments and pronouncements that affect not-for-profit organizations. The majority of the time will be spent on ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. Attendees will be able to define the changes that are going to be coming in their current financial reporting models including the timeframe for adoption and strategies to prepare to implement them.
9:25 – 10:15 a.m. – Unrelated Business Income: Common Types and Helpful Tips (1 credit tax)
Ruthann Woll, CPA, Principal, RKL Tax Services Group
There is a variety of common types of unrelated business income found in nonprofit organizations. Attendees of this session will be able to define and determine if their organization has unrelated business income. Attendees will know how to handle filing income tax returns and identify ways to structure income so that it is not considered unrelated business income.
10:15 a.m. – Break
10:40 – 11:30 a.m. – Political and Lobbying Activities by Nonprofit Organizations (1 credit tax)
Andrew Rusniak, Attorney at Law, McNees Wallace & Nurick LLC
In general, a Section 501(c)(3) organization may engage in some lobbying, but too much lobbying activity risks loss of tax-exempt status. In a highly politicized world, what are the limitations on political and lobbying activities by nonprofit organizations? Attendees of this session will be able to recognize the tax rules governing lobbying activities by 501(c)(3) organizations. Federal and Pennsylvania registration and disclosure rules will also be discussed.
11:30 a.m. – 12:20 p.m. – NFP Fraud and Internal Controls (1 credit specialized knowledge)
Bethany A. Novis, CPA/ABV, CVA, CFE, Partner, RKL Business Consulting Group
Jeremy L. Witmer, CPA, CVA, CFE, Senior Consultant, RKL Business Consulting Group
Why is fraud prevalent in not-for-profit organizations? What controls can be put in place to help prevent fraud from occurring? Common not-for-profit fraud schemes and real-life examples will be discussed. Attendees will be able to identify key internal controls to detect and deter fraud.
12:20 p.m. – Closing Remarks and Lunch
Click here to register!
CPE: Earn up to four hours in the fields of A&A, specialized knowledge or tax. See course descriptions.
Cancellations: Cancellations outside of unforeseen circumstances are requested by May 12.
Prerequisites: None | Advanced Preparation: None | Program Level: Basic | Delivery Method: Group-Live
For information regarding our complaint policy contact RKL’s HR department at 717.394.5666.
RKL is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE Credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website, www.learningmarket.org.