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Articles From Lumsden McCormick

BDO Nonprofit Standard | Spring 2021

This BDO publication is available through our affiliation with the BDO Alliance USA. Lumsden McCormick has been a member of the BDO Alliance USA since 2009.

The Spring 2021 edition of the Nonprofit Standard includes the following:

  • IRS Issues Final Regulations on UBTI “Silos”
  • Provider Relief Funds – Reporting and Audit Requirements
  • Higher Education Emergency Relief Fund II
  • Presentation of COVID-19 Related Federal Programs on the Schedule of Expenditures of Federal Awards
  • CARES Act Employee Retention Credits for Nonprofit Employers
  • Nonprofit Data Breach Vulnerabilities and How to Avoid Them
  • Assessing Risk to Maximize Cyber Insurance Coverage
  • Revisions to the Uniform Guidance Affecting Recipients

Download the Spring 2021 edition of the Nonprofit Standard.

BDO Nonprofit Standard | Spring 2021

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Sarah started her career with Lumsden McCormick as a tax intern and now works in the audit and assurance department, where her primary focus is accounting, auditing, and tax matters related to nonprofit organizations and governmental entities. She has significant expertise working with exempt organizations including private and public foundations, primary, secondary, and higher educational institutions, auxiliary organizations, and community colleges in the areas of accounting for and compliance with diversified investment portfolios, tax compliance, and consulting, including unrelated business income and sales tax, information returns, financial reporting, and compliance with Yellow Book and Uniform Guidance.  


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