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Nonprofit organizations that receive federal funding often take on added financial and compliance responsibilities. For nonprofits, state and local governments, and other federal award recipients, those responsibilities may include undergoing a single audit. Being prepared for a single audit is a year-round process, and organizations that take a proactive approach are generally better positioned when the audit begins.

Employee benefit plans (EBP) are important tools for employee recruitment and retention. They also come with clear requirements and government regulations under ERISA. Many plans must undergo an annual independent audit that depends on information from human resources, finance, payroll, and several outside service providers. Plan sponsors can take a more proactive, year-round approach to these EBP audits. This can make it easier to respond to the auditor as well as allow more time for remediation when necessary.

The IRS has recently clarified that plan sponsors will have additional time to adopt certain required plan amendments under the SECURE Act and SECURE 2.0 Act. Although previous guidance established a general December 31, 2026, deadline for many SECURE-related amendments, some required changes. It is important to note; the clarification does not eliminate the 2026 deadline. Discretionary amendments for optional provisions a plan sponsor chose to implement generally remain due December 31, 2026. As year-end approaches, plan sponsors should understand which amendments require action now and which will have more time.

Nonprofits often manage several programs at the same time. Each may have its own funding sources, expenses, restrictions, and reporting requirements. Nonprofit leaders need to understand the financials of each program. What does each major program cost? How is it funded? Is spending consistent with the budget and funding requirements? And what does the organization accomplish with that investment?

The Treasury Department and IRS have proposed regulations that would limit access to the refundable portion of four federal tax credits for certain noncitizens. The rules would apply the eligibility requirements under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA) to the Earned Income Tax Credit, Child Tax Credit, American Opportunity Tax Credit, and Adoption Tax Credit.

A thriving nonprofit can have grants awarded, pledges committed, and revenue reflected in its financial statements and still be short on cash. The issue is often not whether funding exists, but whether it is available when the organization needs it. Cash flow management helps nonprofit leaders understand what cash is available today and what cash flow looks like on the horizon. Several strategies can help nonprofits manage cash flow more effectively.

Real estate developers have some of the most complex accounting needs of any industry. Projects can span years. Investments are often held in separate entities. Each deal often comes with its own financing, investors, and reporting requirements. As a company grows, keeping track of all those moving pieces can put high demands on an internal accounting team. This combination makes real estate developers especially strong candidates for outsourced accounting

The IRS has issued guidance on the newly expanded paid family and medical leave (PFML) tax credit. The One Big Beautiful Bill Act (OBBBA) made the credit permanent beginning in 2026 and expanded it in ways that could make it available to more employers. Notice 2026-28, released August 5, 2026, explains those changes, including expanded employee eligibility and a new way to calculate the credit. Proposed regulations are still forthcoming.

Americans donated an estimated $617.2 billion to charitable organizations in 2025, according to a recent report by Giving USA. The increase reflects continued support for the nonprofit sector, but many organizations are still managing rising operating costs, greater demand for services, and ongoing funding uncertainty. In that environment, timely financial information is critical to the mission. Leadership needs to know how the organization is performing while there is still time to respond, not weeks after the month has ended. That starts with an effective month-end close.

The 21st Century ROAD to Housing Act (H.R. 6644) became law on July 11, 2026, after clearing Congress with rare bipartisan support. The new law reshapes who can buy homes, how fast builders can break ground, and where housing money flows next. Its provisions are aimed mostly at state and local governments, but the effects will soon reach businesses tied to construction, investment, and federal housing finance. Leaders in these industries will want to understand the timeline ahead and how it may influence future projects and investment decisions.