We keep you updated with the latest news from Martin Hood and helpful information whenever there is a change to employment or tax laws.
What is ASC 606: Revenue from Contracts with Customers? In an effort to standardize how companies and industries recognize revenue, the FASB’s…
A new standard has been released for not-for-profit entities on August 18, 2016 (ASU 2016-14, Not-for-Profit Entities (Topic 958). The changes are…
In recent weeks, the parsonage exclusion for ministers of the gospel has been ruled unconstitutional in the US District Court for the…
New standards will be in effect for the financial statements of Non-Profit entities with fiscal years beginning after 12/15/17. Read up on…
Authored by Greg Douglas, Senior Manager I recently had the opportunity to travel to Colorado with a group from my church to…
Scenario: you are invited to give your time to a worthy cause by serving on the board of directors of a local…
The due date for filing federal tax returns for calendar year-end tax-exempt organizations is Monday, May 15, 2017. With the deadline fast…
Martin, Hood, Friese and Associates has a long-standing history of being a proud supporter of United Way. Now, United Way of Champaign…
Non-profit organizations can be exempt from paying income and sales taxes but that doesn’t mean they are exempt from all taxes or…