News & Insights: healthcare

IRS Extends Tax Deadlines for Nonprofits


April 13, 2020

On April 9, the IRS issued Notice 2020-23 providing an automatic extension for Forms 990, 990-PF and 990-T.

GASB Statements Effective for the Year Ended December 31, 2019


By Philip Marciano  |  March 26, 2020

Senior Manager Philip Marciano examines the Governmental Accounting Standards Board (GASB) statements effective for the year ended December 31, 2019.

Nonprofit Alert: IRS Issues Guidance on Refunds for Paid Qualified Transportation Taxes


By Magdalena M. Czerniawski |  Robert Lyons  |  January 23, 2020

The IRS has issued guidance on the steps nonprofits will need to take in order to claim a refund on taxes paid under Section 512(a)(7), commonly known as the “Transportation Tax.”

Public – Private Partnerships


By Philip Marciano  |  January 10, 2020

The Government Accounting Standards Board (GASB) has addressed issues with the accounting and financial reporting between government and public parties (PPPs) in order to increase efficiency and prevent issues.  

Achieving Efficiencies of the Financial Statement Audit Through IT


By Melissa Ouari  |  January 10, 2020

IT audits are becoming an increasingly valuable tool for nonprofit organizations, as they can help organizations identify critical issues and increase the efficiency of the financial statements audit.

Protecting Resources While Pursuing your Mission: Marks Paneth’s Annual Nonprofit Industry Update


By Hope Goldstein  |  January 7, 2020

Hope Goldstein, Co-Partner-in-Charge of Marks Paneth’s Nonprofit, Government & Healthcare Group shares key takeaways from Marks Paneth’s annual nonprofit industry update seminar.

NONPROFIT & GOVERNMENT TIMES, Q3 2018


October 1, 2018

In the latest issue of the Nonprofit & Government Times newsletter, our industry experts provide guidance on industry changes, such as new accounting standards, managed care implementation, automation and cybersecurity.

The new employee tax credit your organization may be missing out on


By Mordecai Lerer  |  February 28, 2017

Are you familiar with Internal Revenue Service forms 5884, 5884C and 8850? If not, your organization may be missing an opportunity to reduce its federal tax liability from $1,200 up to $9,600 per new hire. The great news is, both “for-profit” and “nonprofit”employers are eligible for the Work Opportunity Tax Credit (“WOTC”).