GASB brings up reporting model for discussion

http://www.journalofaccountancy.com/news/2015/sep/government-financial-statements-201512947.html

Expanded reach of nonprofits

http://www.thetaxadviser.com/newsletters/2015/aug/navigating-nfp-salt-nexus-compliance.html may bring about unexpected results. Check this article to know how NFPs are impacted.

Nonprofits and strategic plans

http://www.journalofaccountancy.com/news/2015/aug/not-for-profit-strategic-plans-201512872.html

Detroit's first bond sale since emerging from bankruptcy

http://www.bloomberg.com/news/articles/2015-08-19/detroit-said-to-offer-4-625-in-first-bond-sale-since-bankruptcy Bond buyers are remembering and the bonds were priced to yield returns higher than top rated debt. This situation has resulted in more scrutiny of bond sales, but the plan has been set in place.

Tax-exempt hospital rule changes

http://www.aicpa.org/Publications/TaxAdviser/2015/july/Pages/Tax_Clinic_05.aspx New guidance effective for tax years beginning after 12/29/15. This article summarizes

Proposed changes to the NFP reporting model

http://www.journalofaccountancy.com/issues/2015/jul/not-for-profit-financial-reporting.html The FASB exposure draft is highlighted in this Journal of Accountancy article. Changes proposed to classes of net assets and statement of cash flows, are two of the items. Improvements to liquidity discussions are also included. Aug 20 is the comment period deadline.

Economicly Distressed Communities

http://eig.org/news/a-first-look-eigs-distressed-communities-index More than 30 million living in economically distressed communities