Category: News

News

NCheng LLP Unveils New 40 Wall Street Headquarters, Doubling Down on Independence as Private Equity Reshapes Accounting

NEW YORK, Oct. 27, 2026 /PRNewswire/ — NCheng LLP, an independent accounting firm that works exclusively with nonprofit organizations, has opened its new headquarters on the 46th floor …

Nov 3rd, 2026
Managing Principal Faizan Younus and Founder NCheng
News

Form 1099 Reporting Changes for 2026

Businesses and nonprofit organizations that pay independent contractors will be making an adjustment in the 1099 filing procedures. A federal tax law enacted in 2025 raises the reporting …

Sep 26th, 2026
Form 1099 Revisions 2026
Industry Updates News

2026 Nonprofit Update: Form 990 & AI Governance

This advisory addresses two significant developments affecting nonprofit organizations: the U.S. Department of the Treasury’s proposed revisions to Form 990 and the governance, compliance, and operational risks associated …

Aug 4th, 2026
Industry Updates News

OMB Proposes Significant Revisions to Uniform Guidance – What Federal Grant Recipients Need to Know

Executive Summary On May 29, 2026, the Office of Management and Budget (OMB) issued proposed revisions to the Uniform Guidance governing federal financial assistance. If finalized, these changes …

Jun 29th, 2026
News

Financial Planning for the Nonprofit Sector in 2026

Nonprofit financial planning is becoming a continuous discipline that combines liquidity management, diversified revenue strategy, stronger data systems, clearer board governance, and more rigorous proof of impact. The …

Apr 14th, 2026
Financial Planning for the Nonprofit Sector in 2026
News

The Use of AI in Nonprofit Tax Preparation and Beyond

Artificial intelligence (AI), especially generative AI (GenAI) and machine learning (ML) – is now embedded across the nonprofit tax lifecycle: provisioning and close, compliance, research, controversy, and planning. …

Oct 24th, 2025
The Use of AI in Nonprofit Tax Preparation
News

Nonprofits: 5 Reasons to Build a Surplus Budget

In the most recent State of the Sector Survey, the Nonprofit Finance Fund found that 36 percent of the 2,200+ respondents ended 2024 with a deficit. The federal …

Sep 18th, 2025
Building a Nonprofit Surplus
News

OBBBA — Quick Nonprofit Impact Summary

One Big Beautiful Bill Impact The One Big Beautiful Bill Act (enacted July 4, 2025) makes several changes that affect how nonprofits raise funds, pay leaders, report to …

Aug 18th, 2025
News

Faizan Younus named Principal

NCheng LLP proudly announces the appointment of Faizan Younus as a Principal within its leadership team, recognizing his exceptional contributions and leadership over the past 4 years. As …

Feb 6th, 2025
Faizan Younus in front of NCheng LPP signage