Sherise Ritter
The Near-Term for Nonprofits
I am happy to report that once again, Kyle, Lovepreet and I visited Washington, D.C. to attend the American Institute of CPA’s Annual Not-for-Profit Conference, held each summer. While there, we packed in a lot of continuing education, discussions with peers, time with clients, and samples of new ethnic foods. The three of us participated…
The Bottom Line on Parking Benefits
By now, many of our readers may have heard about what was a little-known wrinkle in the new tax law. Whether you have or haven’t, we are going to break it down for you and get to the bottom line on the matter. Many of you reading this article are senior management in nonprofit organizations…
Enterprise Risk – Are You Properly Managing It?
When I ask my clients if they have a formal risk management process and plan, the discussion often goes to insurance. I get a “Yes, our buildings and other fixed assets are insured; we have liability coverage; our technology firewalls are up-to-date,” and so on. I also often hear that the executive committee of the…
Mercadien Sponsors Session at 2018 NJBIA Women Business Leaders Forum
The New Jersey Business & Industry Association (NJBIA) Annual Women Business Leaders Forum was held Friday, September 14, 2018, at the Newark Liberty Airport Marriott. Under the theme, Empowering Together, 400+ attendees heard from featured speakers, including make-up magnate Bobbi Brown as keynote, and panelists at five different educational breakout sessions. Mercadien sponsored the session,…
Focusing on 4 New Nonprofit Accounting Standards Updates
Happy New Year! Saying this might make you think of Christmas in July but at Mercadien, July 1st starts our new fiscal year. Our tradition in the Nonprofit and Human Services Group is to attend the AICPA (American Institute of CPAs) Not-for-Profit (NFP) conference and gather all the information we can to update our staff…
3 Changes to Unrelated Business Income
While most nonprofits are tax exempt, that doesn’t mean they won’t pay business income tax. When nonprofits generate income from unrelated activities, the activities can be taxed as unrelated business income (UBI) by the IRS. To be taxed under UBI, an activity must generally meet 3 rules: It must be a trade or business, which…
Sherise Ritter Receives Award for Advocacy from Enable, Inc.
Congratulations to Sherise Ritter, CPA, CGFM, CGMA, PSA, who received the Enable Award for Advocacy at the nonprofit’s annual fundraising gala on April 27, 2018. A managing director and co-chair of the Nonprofit & Human Services Group, Sherry is a tireless advocate for organizations serving people with disabilities. She is dedicated to educating the nonprofit…
The IRS TE/GE Office 2018 Work Plan
The IRS Tax Exempt and Government Entities (TE/GE) Office recently issued its fiscal year 2018 work plan. The plan outlines the issues the IRS will focus on as well as the efforts and initiatives they intend to follow in the coming year. The following summarizes highlights of the work plan and its parts. Exempt Organizations…
A Sustainable Business Model – More Important Than Ever
I’ve been helping numerous clients work through recent challenges stemming from funders’ demands, many of which are changing an organization’s entire way of getting paid. Take, as an example, a human service provider agency funded primarily with state grants throughout its entire history, whereby if they spent $1 on providing approved services, the state would…
Assessing Near-Term Nonprofit Challenges
Friends and colleagues, I am writing this on the train ride home from Washington D.C., where Kyle, Lovepreet and I attended the annual AICPA Not-for-Profit Conference. The three-day getaway gives us a chance to step back and reflect on the changes that our firm and clients need to know about, and better yet, to convene…