Renewed Push for Universal Charitable Deduction
14 Mar 2023
Nonprofit Chief Financial Officer
You are the Chief Financial Officer of a Nonprofit, so you are expected to understand the intricacies of nonprofit accounting, the impact of various revenue procedures issued by the Internal Revenue Service, as well as ensure your organization follows Generally Accepted Accounting Principles (GAAP), as well as the Uniform Prudent Management of Institutional Funds Act (UPMIFA).
That's a lot of expertise to hold and maintain, especially as guidance from the Internal Revenue Service and other agencies changes regularly. FPLG's legal professionals are dedicated to staying abreast of the latest information and guidance available, to help our clients navigate this constantly changing landscape. In fact, it's one of our primary core values.
Tax Guidance
It’s incredibly difficult to keep track of all of the emerging exempt organizations guidance and procedures issued by the Internal Revenue Service, so FPLG’s legal team makes it easy for you by ensuring that we are constantly educating ourselves, so we can inform and provide the best possible guidance to you, so you can strategically make the best possible decisions for your organization.
Legislative Changes
Many times tax exempt organizations are an afterthought to Congress and state legislatures when they enact comprehensive legislation, leaving practitioners and CFOs scrambling in an attempt to implement and apply the new tax rules to their organization. When this occurs, having experienced and engaged legal counsel to help you navigate the changes is key to your organization’s success.
Tax and Charitable Registration Reporting
Maintaining accurate accounting records is critical to the health and well-being of any nonprofit organization; keeping up with annual compliance filings, registration and reporting is as well, but it can be overwhelming and incredibly time consuming. Let FPLG’s team of professionals assist you in ensuring your organization meets all of your reporting and tax requirements in a timely and efficient manner.
Why Clients Choose FPLG
Our Focus: Purpose Driven
FPLG focuses solely on providing legal counsel to purpose driven enterprises, including nonprofit organizations, benefit and social purpose corporations, and individual philanthropists dedicated to improving our communities.
Our Profession: Expert Guidance
FPLG’s team of professionals provide relevant, timely and proactive legal expertise to our clients, in an area where most attorneys do not focus, ensuring they have the best possible information and guidance at their fingertips.
Our Mission: Exemplary Service
FPLG is dedicated to providing client service at a level rarely experienced with traditional attorneys or law firms. Our clients are doing exceptional, purposeful work; FPLG can do no less.
