I N D U S T R I E S 

NONPROFIT

Nonprofits have unique reporting requirements and tax/accounting issues. The BSB Nonprofit team helps keep you in compliance so you can focus on serving your greater mission.

Not only does our Nonprofit team specialize in providing professional accounting services to Nonprofits, but we are also personally involved in serving and supporting organizations throughout the Fairfax area. Visit our About Us page to see our team in action!

Leadership

BSB Performs Independent Audits For
  • Professional, trade and membership organizations
  • Charitable, civic, and community organizations
  • Foundations (public and private)
  • Educational institutions
  • Research and scientific organizations
  • Cultural and fine arts organizations
  • Religious organizations
Services
  • Assurance
  • Financial Statement Preparation
  • Tax Compliance & Planning
  • Accounting & Advisory
  • Consulting

Companies Must Prepare Now to Get Ahead of the SEC’s New Cybersecurity Rules

| ASSURANCE | No Comments
The Securities and Exchange Commission’s (SEC) finalized cybersecurity rules expand public companies’ cyber risk management and disclosure responsibilities. A host of new requirements not only mandate timely disclosure of material…

Understanding the Impact of Workforce Reductions on 401(k) Plans

| EMPLOYEE BENEFIT PLANS | No Comments
Employee turnover often triggers a wave of issues for a company and its human resources department. Even 401(k) retirement plans — one of the most sought-after employee benefits — can…

Revisiting Eligibility for Small Business Taxpayer Exemptions

| TAX | No Comments
“An exemption from UNICAP? And no limitation on the amount of business interest expense I can deduct? Sign me up!” Many taxpayers (and their tax return preparers) have eagerly embraced…

Complying with SECURE Act Changes to Long-Term Part-Time Employee Eligibility and IRS Form 5500

| TAX | No Comments
Two significant regulatory changes to retirement plans require immediate attention from plan sponsors, both to ensure current operational compliance and to comply with upcoming deadlines. Many long-term, part-time (LTPT) employees…