A New Accounting Rule: But Don’t Sleep Through This One

It comes from one of the least exciting agencies in the nation’s capital.  Buzzwords are “overhead” and “reasonable indirect costs” and “cost allocation rules.” It’s a long-awaited overhaul of federal grant-making rules. “‘What a snooze!’ you say?” “Not so fast,” we say. This was an enormous holiday present for two years in a row to the nonprofit community.  All wrapped up with a great big bow, it was delivered on Read More