Tracking donor restrictions and understanding the implications of those restrictions on revenue recognition are common challenges for nonprofits — especially if they try to manage these important metrics with spreadsheets. Updated revenue recognition standards for nonprofits issued as part [...]
Marketplace changes during the COVID-19 crisis have caused many companies to make major strategic shifts in their operations — and some changes are expected to be permanent. In certain cases, these pivot strategies may need to be reported under [...]
There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation. Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation, to report any payment of $600 or more to a payee. Why the [...]
Formally identifying and addressing risk is an audit requirement, but is also a responsible exercise for your company to undertake. Download our guide and gain insight into the types of risks that should be on your radar. [...]
The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense these setup costs. Updated guidance on accounting for cloud computing costs aims to reduce differences in the accounting treatment [...]
In a survey that asked 2,300 organizations about their month-end close, the bottom 25% needed 10+ days to finish, while the top 25% needed 5 days or less. So where do you fit on that spectrum? No matter what [...]
SOX Compliance on a Global Scale How Sensiba San Filippo’s new SOX and Internal Controls experts can help you As a big step in expanding its consulting practice, Sensiba San Filippo (SSF) is pleased to announce that it has [...]
ZERO to SOX - An Overview The process of building a sustainable, comprehensive internal control environment sufficient to comply with the Sarbanes-Oxley act of 2002 (SOX) requires a significant investment of organizational resources. At SSF we have created the [...]
