Nonprofit Resources
IRS Provides FAQs About Emergency Relief Funds Disbursed to Students
May 11, 2020 - The IRS has provided answers to questions about funds disbursed to students under the Higher Education Emergency Relief Fund created by the CARES Act.
New COVID-19 Resources for Nonprofits, Churches & Higher Ed
May 7, 2020 - PPP loan good faith certification, SBA clarifications, and more — here is what’s new this week.
SBA Issues Guidance on Student Workers and PPP Loan Eligibility
May 7, 2020 - The SBA has provided guidance on whether higher education institutions can include student workers when determining the number of employees for purposes of PPP eligibility.
SBA Provides Answer on Foreign Workers and Employee Counts for PPP Loans
May 7, 2020 - The SBA has issued a FAQ that provides clarification on how foreign workers affect the employee computation for PPP loan eligibility.
SBA Provides Key PPP Loan Clarifications
May 6, 2020 - The SBA has extended the due date for returning PPP funds and says PPP loans are not subject to Uniform Guidance compliance audits.
PPP Loan Good Faith Certification: Now What?
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.
New COVID-19 Resources for Nonprofits, Churches & Higher Ed
April 30, 2020 - Learn about accounting for Paycheck Protection Program loan proceeds, new guidance from the SBA, and more in this week's COVID-19 resources email alert.
Employee Retention Credit Overview
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).
Treasury Dept. Says PPP Loan Amounts Over $2 Million Will Be Audited
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.
To Zoom or Not to Zoom? The Security Is the Question
April 28, 2020 - Zoom has become a very popular videoconferencing solution, but many security concerns have started to surface. Here's what your organization should know if you use Zoom or are considering it.
