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Our Insights

Our Partners & Staff write about governmental & nonprofit services, employee benefit plan audits & schools. We share our insights with our blog  articles and white papers.

Make sure you check out our blog and white papers on a regular basis. They’re guaranteed to stimulate and challenge you!

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Jeffrey Kowalczyk, CPA,CFE,CGAP Named Chairman of CPAsNET’s Nonprofit Executive Committee

CPAsNET, INC. For Immediate Release: For further information, contact: Jeffrey Kowalczyk Named Chairman of CPAsNET’s Nonprofit Executive Committee   Boulder, CO – The Board of Directors has named Jeffrey Kowalczyk, CPA, CFE, CGAP of Barbacane, Thornton & Company LLP, Chairman...

U.S. Postal Service Announces Rate Increases for 2019

Understanding the Changes to Unrelated Business Income By: Doris Kerr, Firm Administrator On October 10, 2018, the Postal Regulation Commission (PRC) approved a proposal to increase the United States Postal Service rates for shipping and mailing service fees. The new…

Disaster Relief Remains Top of Mind for Donors

Understanding the Changes to Unrelated Business Income By Jeffrey A. Kowalczyk, CPA, CFE, CGAP Year-end giving is historically the most critical period for charitable foundations. Movements like Giving Tuesday help nonprofits gather donor funds through a lot of social fanfare,…

Assessing Internal Controls

Assessing Internal Controls By Steven N. Kutsuflakis, CPA Every organization needs internal controls to safeguard assets, assure accounting data is accurate and reliable, promote operational efficiency, and encourage compliance with prescribed policies and procedures. The start of a new year…

Managing Partner’s Message – January 2019

The New Year has arrived and with it comes new resolutions and renewals of past commitments. Our fall season was quite robust as we worked through the implementation of the new government accounting standards for reporting other post-employment benefits (OPEB)….

Managing Partner’s Message – September 2018

Summer is over and school has started across our region. The start of school for the students also marks the start of school audits for our audit teams. There is always an exciting buzz around this audit season as we…

Six Challenges Nonprofit Executives Are Facing

Six Challenges Nonprofit Executives Are Facing By Steven N. Kutsuflakis, CPA Nonprofits have made headlines concerning challenges brought on by new federal rules on overtime pay, deferred compensation and new accounting standards for charities. Keeping up compliance with the various…

Understanding the Changes to Unrelated Business Income

Understanding the Changes to Unrelated Business Income By Jeffrey A. Kowalczyk, CPA, CFE, CGAP While most nonprofits are tax exempt, that doesn’t mean they won’t pay business income tax.  When nonprofits generate income from unrelated activities, the activities can be…

Managing Partner’s Message – April 2018

Spring has finally arrived both within and beyond the borders of our firm. Internally, we marked the passing of another Department of Community and Economic Development (DCED) deadline for audit reports as well as the three month mark of the…

Comment on the Governmental Accounting Standards Board’s (GASB) Revenue and Expense Recognition Project, No. 4-6I

Barbacane, Thornton & Company LLP 200 Springer Building 3411 Silverside Road Wilmington, Delaware 19810 T 302.478.8940 F 302.468.4001 www.btcpa.com April 24, 2018 Via electronic mail Governmental Accounting Standards Board 401 Merritt 7 PO Box 5116 Norwalk, CT 06856-5116 RE: Revenue…