The Inflation Reduction Act of 2022 (IRA) opened the direct pay program for not-for-profit or tax-exempt organizations to qualify for energy tax credits if they were investing in clean energy solutions. Before the IRA, there were clean energy tax credits available to tax-paying entities to take advantage of, but tax-exempt organizations couldn’t reap any benefits when choosing to invest in energy enhancements. The Internal Revenue Service (IRS) often releases new guidance on energy tax credits and incentives concerning not-for-profit and tax-exempt organizations, so it is imperative to stay updated to prevent incorrectly filed tax applications. Host Amy Dosik https://www.cbh.com/professional/amy-dosik/, Not-For-Profit Tax Practice Leader at Cherry Bekaert is joined by special guests Martin Karamon https://www.cbh.com/professional/martin-karamon/, Tax Credits and Incentives Advisory Leader, Timothy Doran https://www.cbh.com/professional/timothy-doran/, Energy Tax Credits and Incentives Director, and David Mohimani, https://www.linkedin.com/in/david-mohimani-bb475499/ Tax Credits and Incentives Manager, to talk about the direct pay program for not-for-profit entities. As part of Cherry Bekaert’s Not-For-Profit podcast series, and the first episode in the energy tax credits and incentives mini-series, this episode covers: __ __ Cherry Bekaert’s Energy Tax Credits and Incentives team https://www.cbh.com/services/tax/tax-credits-incentives-advisory/energy-investment-tax-credits-incentives/ assesses the eligibility of your organization to receive business energy tax credits and incentives, so you can receive the maximum monetary benefit allotted. If your business makes investments in clean energy advancements, then you may benefit from energy efficiency federal, state, and local energy tax credits and incentives. If you have any questions specific to your business needs, Cherry Bekaert’s Not-For-Profit group https://www.cbh.com/industries/not-for-profits/ is available to discuss your situation with you. RELATED RESOURCES: __ __

13m

Apr 01

Nonprofit organizations, from social services to trade associations and charter schools, play an essential role in supporting our communities. But these organizations often[HR1]  face several challenges and restrictions when it comes to fulfilling their missions. Throughout [HR2] 2024, not-for-profit (NFP) organizations will have many opportunities to increase impact and streamline operations.  Matthew Socha https://www.cbh.com/professional/matthew-socha/, Not-for-Profit Practice Leader, hosted John Fedus https://www.cbh.com/professional/john-fedus/, Partner, and Amelia Crawford https://www.cbh.com/professional/amelia-crawford/, Director, to look into their crystal balls and predict the top trends not-for-profits may experience this year. They explore a variety of themes, issues and opportunities that organizations face. THE FIRST OF OUR NFP PODCASTS FOR 2024, THIS EPISODE COVERS: __ __ CHERRY BEKAERT CAN GUIDE YOU FORWARD Cherry Bekaert has a dedicated not-for-profit team with extensive experience in the industry. Many of our team members serve in a voluntary capacity on boards and give of their resources for the causes they feel strongly about. We have a clear sense of your priorities, goals and objectives and look forward to the opportunity to support your organization and mission. View All Podcasts in This Series https://www.cbh.com/guide/?s=&guidance-service=0&guidance-industry=government&guidance-type=podcasts&orderby=relevance&post_type=guide

21m

Mar 14

Cyber breaches like the recent Blackbaud data security incident https://www.blackbaud.com/securityincident?bblinkid=235471361&bbemailid=23365155&bbejrid=1586564960 remind us that no one is out of reach of cybercriminals. In our newest Not-for-Profit webinar, join Matthew Socha https://www.cbh.com/professional/matthew-socha/, Partner and Industry Leader of the Firm’s Not-for-Profit practice, and Steve Ursillo https://www.cbh.com/professional/steven-j-ursillo-jr/, Partner and Leader of the Firm’s Information Assurance & Cybersecurity practice, for a discussion on Blackbaud’s response, next steps for organizations impacted by the breach and an overview of the most common cyber control deficiencies for not-for-profits. 

9m

Aug 13, 2020