AICPA Releases 2025 Edition of Not-For-Profit Entities A&A Guide

AICPA Releases 2025 Edition of Not-For-Profit Entities A&A Guide

Nonprofit Update (PPC) / By

The AICPA has released the 2025 edition of the Not-for-Profit Entities Audit and Accounting Guide, incorporating new and updated guidance that directly affects nonprofit organizations. The updated guide includes changes in accounting and auditing practices, with new provisions on the use of technology in audits, accounting for contract assets, and more. This blog will highlight …

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Extensions for Single Audit Reports Impacted by Hurricanes and California Wildfires

Extensions for Single Audit Reports Impacted by Hurricanes and California Wildfires

Nonprofit Update (PPC) / By

In response to the recent natural disasters, the Council on Federal Financial Assistance (COFFA) has issued an important memo approving extensions for single audit reports in affected areas. Organizations and subrecipients impacted by Hurricane Helene, Hurricane Milton, and the California Wildfires now have additional time to submit their audit reporting packages. If your nonprofit or …

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Strengthening Federal Accountability: Key Provisions of the Financial Management Risk Reduction Act

Strengthening Federal Accountability: Key Provisions of the Financial Management Risk Reduction Act

Nonprofit Update (PPC) / By

In December 2024, a landmark piece of legislation, the Financial Management Risk Reduction Act (Public Law 118-207), was enacted to strengthen federal financial management and accountability. The Act amends the Single Audit Act, introducing key reforms designed to enhance the quality, transparency, and efficiency of federal audits. The goal? To ensure that taxpayer dollars are …

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Is It Time to Reconsider Your Nonprofit’s Capitalization Policy?

Is It Time to Reconsider Your Nonprofit’s Capitalization Policy?

Nonprofit Update (PPC) / By

A $1,000 capitalization threshold has been a standard for many mid-sized nonprofits, but in today’s inflationary economy, $1,000 doesn’t stretch as far as it once did. With inflation pushing costs higher, it may be time to reconsider your capitalization policy to save time, reduce bookkeeping efforts, and ensure your nonprofit is properly managing its assets. …

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TIGTA Report Highlights Challenges in IRS Oversight of Tax-Exempt Hospitals

TIGTA Report Highlights Challenges in IRS Oversight of Tax-Exempt Hospitals

Nonprofit Update (PPC) / By

The Treasury Inspector General for Tax Administration (TIGTA) recently released a report assessing the IRS’s oversight of tax-exempt hospitals, revealing key areas of concern around compliance and oversight. One of the report’s primary findings was the vague definition of “community benefit,” which makes it challenging for hospitals to meet the necessary criteria for tax exemption …

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JEFF JOHNCEO, Damn Good Hospitality Group
SDA served as a consultant for us while we were doing project management for a construction job. They have excellent business acumen, are highly professional and truly value being a partner with us. We enjoy our relationship with SDA and look forward to continued future success.
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MARK BLANCHARDVP Strategic Development, AECOM
We’ve worked with SDA for several years on various projects within our legal and finance departments. They also helped us secure a grant for our new practice facility in downtown Fort Lauderdale. SDA really is the smarter way to do business!
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Matthew CaldwellPresident & CEO, Florida Panthers Hockey Club
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Mayor Wayne Messam
Mayor Wayne MessamCity of Miramar, Florida
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