Nonprofit Resources
Next Steps as IRS Halts Processing of New ERC Claims Through End of Year
September 15, 2023 - The IRS has immediately halted the processing of new Employee Retention Credit claims and promised a settlement process for ineligible claims. Learn more with our email alert.
The Fiscal Responsibility Act and the Employee Retention Credit
June 14, 2023 - The Fiscal Responsibility Act of 2023 includes provisions to rescind unobligated funds related to COVID-19 relief. This has led to questions about whether the Employee Retention Credit is affected by the new law.
IRS to Provide Automatic Penalty Relief for Certain 2019 and 2020 Returns
September 8, 2022 - The IRS announced that it will provide automatic penalty relief for certain 2019 and 2020 returns filed no later than September 30, 2022.
Employee Retention Credit Assistance and Answers
April 26, 2022 - Many questions about the Employee Retention Credit (ERC) remain, including how to navigate through the rules and regulations to determine eligibility and what counts as qualified wages. CapinCrouse can help. Gain insight with our new video and FAQs.
Higher Education Emergency Relief Fund Updates
April 25, 2022 - The performance period for all open Higher Education Emergency Relief Fund (HEERF) grants with a balance of more than $1,000 has been extended through June 30, 2023. In addition, the HEERF reporting portal is now open through May 6, 2022.
IRS Issues Guidance on the Employee Retention Credit Termination
December 7, 2021 - The guidance applies to employers that received advance Employee Retention Credit payments or reduced employment tax deposits for wages paid after September 30, 2021.
New Infrastructure Act Will End the Employee Retention Credit Early
November 11, 2021 - The Infrastructure Investment and Jobs Act, which passed the House of Representatives on November 5, 2021, will retroactively end the Employee Retention Credit to apply only through September 30, 2021.
IRS Releases Guidance on Reporting 2021 Qualified Sick and Family Leave Wages
September 9, 2021 - The IRS has released guidance on reporting qualified sick leave and family leave wages provided in 2021. The IRS also released its annual update of per diem rates applicable to travel, effective October 1, 2021.
Resources to Help Your Nonprofit with the Employee Retention Credit
August 25, 2021 - While the Employee Retention Credit (ERC) helped bring relief to nonprofit organizations affected by COVID-19, it also raised a lot of questions. Here are two new resources to help.
Where are the “Gotchas”? 10 HEERF Considerations to Be on the Lookout For
August 17, 2021 - Each of the three Higher Education Emergency Relief Funds has brought new eligibility, disbursement, and reporting requirements. Here are 10 considerations to watch for.
