The COVID-19 pandemic continues to create challenges for not-for-profits across our country. Many not-for-profits have changed their way of doing business as a result of the pandemic, triggering unexpected accounting and tax consequences. Join Clark Nuber professionals on December 1, 2021 to discuss these unforeseen consequences and latest guidance from the regulatory agencies. We will cover accounting, compliance, and tax considerations for the COVID relief funds your organization may have received this past year, as well as discuss the changes we see ahead for the not-for-profit sector.

Topics covered include:

• GAAP Update
  • Practical overview of the GAAP application choices for reporting various COVID-19 relief packages
  • Emerging issues and upcoming accounting standards, including those concerning gifts-in-kind and leases
• Single Audit Update
  • Identifying when CARES Act, ARPA or other COVID relief funds may trigger a Single Audit requirement
  • What is new with the Single Audit and key points for preparing one
• Federal Tax Update
  • Navigating the COVID relief programs and reporting on the Form 990
  • Tax law changes for 2021 to incentivize charitable giving
  • Recap of IRS activity and latest guidance
• State Tax Update
  • Understanding the tax impacts of remote workers
  • Charitable solicitation registration requirements when fundraising across state lines
  • State tax implications when offering online program content

PRESENTERS

• Andrew Prather, CPA, Shareholder
• Troy Rector, CPA, Shareholder
• Sarah Huang, CPA, Principal
• Maria Keating, CPA, Principal

REGISTRATION

In order to attend this virtual event, please register HERE AT EVENTBRITE.COM

EVENT INFORMATION

• Date: December 1, 2021
• Time: 10 AM to 12 PM Pacific Time
• CPE Credits: 2.0 technical hours
• Cost: Free
• Platform: GoToWebinar