Ted serves as Tax Counsel and Professional Practice Leader – Tax, CapinCrouse and Partner, CRI Advisors, LLC†. A certified public accountant and licensed attorney, Ted advises exempt organizations of all sizes on a wide range of tax matters, including representation before state and federal tax authorities and assistance with firm audit or advisory engagements to formulate advice and counsel on important operating and tax issues. In addition to tax advisory services, Ted leads the firm’s tax preparation practice, including IRS Forms 990 and 990-T and related state forms. Note: Although licensed to practice law in Indiana, Ted's services through CapinCrouse do not involve the practice of law and consequently do not result in the creation of an attorney-client relationship.
May 4, 2020 - This article provides a framework for analyzing the PPP loan good faith certification requirement and how your organization can assess and document your decision to sign off on the certification during the loan application process.
April 29, 2020 - Now that Paycheck Protection Program applications are in full swing, attention is turning to other benefits provided by the CARES Act. This includes a new benefit called the Employee Retention Credit (ERC).
April 29, 2020 - U.S. Treasury Secretary Steven Mnuchin announced that the Small Business Administration will audit* Paycheck Protection Program loan amounts over $2 million to verify economic need before the loans are forgiven.
April 23, 2020 - The IRS is warning employers to watch out for these common mistakes when filing Form 7200, Advance Payment of Employer Credits Due to COVID-19.
April 22, 2020 - If your nonprofit applied for and received a loan through the Paycheck Protection Program (PPP), it’s important to take immediate steps to ensure the funds are correctly handled and tracked during the next eight weeks.
April 20, 2020 - Organizations that did not receive or apply for a Paycheck Protection Program loan may be eligible to claim the benefits of the Employee Retention Credit. The IRS has provided a set of FAQs on the credit.
April 3, 2020 - The Small Business Administration has released temporary regulations on which lenders, employers, independent contractors, and sole proprietors may rely when applying for Paycheck Protection Program Loans (PPPLs).
March 30, 2020 - The new Paycheck Protection Loan program created by the CARES Act is designed to provide small businesses, including nonprofits, with immediate access to cash to allow them to survive the disruption caused by the COVID-19 pandemic.
March 30, 2020 - The CARES Act is estimated to provide more than $2 trillion in economic aid in response to the COVID-19 pandemic. Here is a summary of several key provisions for nonprofits, churches, educational institutions, and individuals to be aware of.
March 20, 2020 - President Trump has signed the Families First Coronavirus Response Act into law. The Act includes numerous provisions relevant to nonprofit organizations and their employees.