Using the NFL's "catch rule" to help explain revenue rules for not-for-profits | Episode 102
- Author
- Chris Underwood, Erika Dvorske, Chris Kohart
- Published
- Wed 30 Jun 2021
- Episode Link
- https://trust-us-were-professionals.libsyn.com/episode-102-to-catch-or-not-to-catch
Every day, people are faced with many tough "calls". Does one buy or rent? Is it time for a new job? Del Taco or Taco Bell?
However, history has shown us one of the toughest calls, in the history of the universe, is the NFL "catch" rule. It sure looked like a catch...but the officials say no. Why is something so simple been made so complicated?
Which got the financial experts at SSC CPAs + Advisors thinking. There is another set of rules that are just just as ambiguous; the not for profit rules on determining what is (and isn't) revenue.
In this episode, we use the NFL catch rule to help explain the equally complicated process for determining revenue for NFP's.
