Summary of Selected Coronavirus Provisions Important to Nonprofits
December 23, 2020 - A number of coronavirus provisions in the Consolidated Appropriations Act of 2021 are important to nonprofit organizations, including churches, schools, and private higher education institutions. Here's a summary.
Higher Ed Reminder – HEERF Information Due December 16
December 15, 2020 - Info on your Higher Education Emergency Relief Fund (HEERF) performance report submitter and editor is due tomorrow. Here’s what to provide, and how to provide it.
SBA Releases New FAQ on PPP Loan Necessity Questionnaire
December 14, 2020 - PPP Loan FAQ 53 addresses the PPP Loan Necessity Questionnaire issued to recipients of PPP loans of $2 million or more. Here are the key takeaways.
Questions Audit Committees Should Consider In the Current Environment
December 11, 2020 - Audit committees face practical challenges in accounting, reporting, and disclosing the impacts of COVID-19. These questions can assist your audit committee in its oversight role and responsibilities to ensure the performance of high-quality audits and transparent and reliable financial reporting
What Is the Private Nonprofit Sector Going to Look Like In the New Post-COVID Environment?
December 11, 2020 - Only one thing about COVID-19 seems certain: uncertainty. Here is a look at the specific effects the nonprofit sector is experiencing due to COVID-19, and that organizations need to monitor and adapt to.
IRS Provides Guidance on Reporting Deferred Employee Payroll Tax
November 12, 2020 - If your organization deferred the collection and remittance of the employee portion of Social Security tax, here's how to report it on Form W-2.
Reminder: “Above-the-line” Charitable Contribution Deduction Available
November 5, 2020 - Now is a good time to remind your donors that they could receive a $300 charitable contribution deduction this year.
New SBA PPP Loan Necessity Questionnaire for Borrowers with Loans of $2M or More
October 30, 2020 - The questionnaire asks for a wide variety of information, and organizations that receive it have 10 business days to respond.
New E-book: Your Guide to Budgeting Effectively in Changing Times
October 21, 2020 - Our "How to Budget Effectively in Changing Times" e-book can help your ministry navigate the current uncertainty and plan for the new future we face. Download your free copy for a guide to creating a strategy-based budget.
“Are We Paying Our Executives Appropriately?”
October 23, 2020 - Executive compensation is an important issue, and COVID-19 has created new considerations. Answering these three questions will help your organization determine if you're paying your executives appropriately.