Charities must get serious about new tax evasion rules

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The new Common Reporting Standard (CRS), which derives from international rules designed to prevent tax evasion, has to be reported on for the first time in the UK later this month. The regulations are onerous and, along with most organisations, apply to charitable companies and trusts that are deemed to be ‘financial institutions’. By 31st May submissions must be made to HMRC of any reportable information that relates to 2016.

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The Museum of Modern Art

Founded in 1929 as an educational institution, The Museum of Modern Art (MoMA) in New York City, is dedicated to being the foremost museum of modern art in the world. Through the leadership of its Trustees and staff, The Museum of Modern Art manifests this commitment by establishing, preserving, and documenting a permanent collection of the highest order that reflects the vitality, complexity and unfolding patterns of modern and contemporary art; by presenting exhibitions and educational programs of unparalleled significance; by sustaining a library, archives, and conservation laboratory that are recognized as international centers of research; and by supporting scholarship and publications of preeminent intellectual merit.

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Article | April 6, 2020

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Article | April 6, 2020

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The Role of Nonprofit Accounting Software in Fighting Fraud in NGOs

Article | April 6, 2020

Each time fraud at a well-known non-governmental organization makes headlines, NGO financial leaders are reminded once again of the critical importance of transparency and internal controls. Most frauds involving NGOs are not the result of operating sham organizations, but rather they are frauds perpetrated against great organizations from within by a few dishonest employees.

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Spotlight

The Museum of Modern Art

Founded in 1929 as an educational institution, The Museum of Modern Art (MoMA) in New York City, is dedicated to being the foremost museum of modern art in the world. Through the leadership of its Trustees and staff, The Museum of Modern Art manifests this commitment by establishing, preserving, and documenting a permanent collection of the highest order that reflects the vitality, complexity and unfolding patterns of modern and contemporary art; by presenting exhibitions and educational programs of unparalleled significance; by sustaining a library, archives, and conservation laboratory that are recognized as international centers of research; and by supporting scholarship and publications of preeminent intellectual merit.

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