Blackman & Sloop has served the Triangle for more than 45 years
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Important Nonprofit Considerations
Office of Management and Budget (OMB) Issues Addenda to 2021 Compliance Supplement OMB issued a Federal Register notice announcing the issuance of Addendum #1 to the 2021 Compliance Supplement (Supplement)…
IRS Tax-Exempt And Government Entities Division Releases Fiscal Year 2021 Accomplishments Letter
By: Marc Berger, CPA, JD, LLM The IRS Tax-Exempt and Government Entities (TE/GE) Division released its “Fiscal Year 2021 Accomplishments Letter” on Jan. 6, 2022. The letter contains information about…
How To Ensure Your Functional Expense Anaylsis Accurately Depicts Your Activities
By: Amy Guerra, CPA The financial statement presentation for not-for-profit entities (NFP) experienced an overhaul with Accounting Standards Update (ASU) 2016-14, “Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of…

Blog
U.S. Department Of The Treasury Issues Final Rule For Coronavirus State And Local Fiscal Recovery Funds
By: Stacey Powell, CPA, CFE, CICA The U.S. Department of the Treasury (Treasury) released the Final Rule for Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) on Jan. 6, 2022….
Best Practices for SVOG Single Audit Readiness
Hard-hit small businesses received more than $16 billion in much-needed COVID-19 relief through the Small Business Administration’s (SBA) Shuttered Venue Operators Grant (SVOG) program. Many organizations that received this funding…
Engaging Donors at Every Level: A Checklist
By Andrea Espinola Wilson and Adam Cole Nonprofit organizations have been navigating change in almost every aspect of their operations over the past two years, including shifting priorities, a new…