News & Updates

A difference in wording is not necessarily a problem. Yet at the same time, a material change in purpose or activity may be.

Virginia Gov. Spanberger signed HB 353 to expand access to affordable health benefit options for nonprofit employees across the Commonwealth.

Religious organizations continue to operate in an environment shaped by changing donor expectations, evolving workforce models, and increasing demands for transparency and accountability. For finance leaders and boards, these shifts affect accounting judgments, audit readiness, and long-term financial sustainability.

Some changemakers are so inspired and have a great program idea that they want to create a new nonprofit organization. While this passion may feel great, many proceed in creating a new organization without understanding the federal, state, and local laws, regulations, and filing requirements. As an all too frequent result, they are not in compliance and many are unsuccessful.

Forvis Mazars gives guidance on how to build clear, effective budgets that align with your nonprofit’s goals and operations.

On April 23, 2026, the U.S. Department of the Treasury announced the IRS plans to revise the Form 990 to improve transparency, strengthen tax administration, and provide clearer reporting on certain activities of tax-exempt organizations.

Financial oversight is a key responsibility of nonprofit boards, but many members lack the understanding of finance or nonprofit accounting to effectively perform this duty. As their trusted advisor, a CPA is perfectly positioned to equip board members for this critical task and ensure that their nonprofit maintains strong governance.