On July 25, 2025, the U.S. Court of Appeals for the Eighth Circuit affirmed the District Court decision holding that the Mayo Clinic is entitled to an| Tax Talks
The recent U.S. inflation measures show that high prices have not departed yet—and they continue to fuel an affordability crisis in critical sectors like healthcare, housing, food, and education. For nonprofits delivering vital services to struggling individuals, families, and communities this economic reality pushes them into a financial vise of higher operating costs and decreased […] The post How Nonprofits Can Adapt Their Operational and Financial Strategies in Today’s Economic Envi...| The CPA Journal
Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an independent audit, preparing and filing of a Form 990, or providing agreed upon procedures) are dependent on the skills, knowledge, and expertise of the internal finance teams of their clients. Many organizations may not have […] The post The Benefits of a CAS Practice Specializing in Not-for-Profit Organizations appeared first on The CPA Journal.| The CPA Journal
While the audit process generally has an overwhelming connotation, there are several steps that a not-for-profit (NFP) organization can take to make the audit process much smoother year over year. This article will review what happens in the external audit: how NFPs can plan, document, and prepare for the audit, and what steps NFPs can […] The post Tips for a Smooth Nonprofit Audit Process appeared first on The CPA Journal.| The CPA Journal
Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an independent audit, preparing and filing of a Form 990, or providing agreed upon procedures) are dependent on the skills, knowledge, and expertise of the internal finance teams of their clients. Many organizations may not have […] The post The Benefits of a CAS Practice Specializing in Not-for-Profit Organizations appeared first on The CPA Journal.| The CPA Journal