Albany, N.Y. – Executives and financial professionals from throughout the not-for-profit industry came together to discuss accounting and legal practices during UHY LLP’s inaugural “Not-For-Profit Update” seminar at the Albany Institute of History & Art on Friday, November 20.
Representatives from health and human services, education, arts and culture, foundations, trade associations, government agencies and other sectors of the not-for-profit industry made up the capacity crowd. The free event included breakfast, presentations, CPE credits, and an interactive question-and-answer session with tax, accounting, and legal experts serving not-for-profit organizations.
“We enjoyed the opportunity to work with leaders from some of the most impactful not-for-profit organizations in the Capital Region and to provide guidance on matters that will help them function smartly and effectively,” said Howard Foote, UHY LLP Office Managing Partner – Capital Region. “UHY LLP has a longstanding relationship with local not-for-profits and it was our pleasure to build upon our existing relationships and to develop new ones through this event.”
Foote led presentations at the “Not-For-Profit Update” along with Alex Zhang, audit partner at UHY LLP; Jim Daniels, tax partner at UHY LLP; and Martin Finn, partner at law firm Finn & Lavelle. Topics covered at the event included industry developments and risk alerts, proposed changes to not-for-profit financial reporting, upcoming changes to the single audit, tax update and planning for 2016, an update on New York’s Non-Profit Revitalization Act, a review of legal risks facing non-profit boards and executives, and other best practices and developments.
About UHY LLP
UHY LLP, a licensed independent CPA firm in New York, performs attest services through an alternative practice structure with UHY Advisors. UHY LLP conducts operations in New York as a subsidiary of UHY Advisors, Inc. The firm also has offices in: Albany, NY, New Haven, CT, Farmington Hills, MI, Oakland, NJ, Chicago, IL, NYC, NY, Atlanta, GA, Sterling Heights, MI, Washington, D.C., Rye Brook, NY, Columbia, MD, and St. Louis, MO. UHY Advisors, Inc. and its subsidiary entities have nearly 1,000 professionals providing services from offices throughout the United States.
UHY LLP and UHY Advisors, Inc. are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. For additional information, please visit their website at www.uhy-us.com.