Nonprofit Resources
Strengthening Internal Control in the COVID-19 Environment
August 19, 2020 - A strong internal control system has always been a priority for nonprofit audit committees and management teams. Here are five tips your management team should consider to strengthen your internal control environment in response to a remote environment.
Managing Compensation in The ‘New Normal’
August 19, 2020 - Because compensation is generally the largest expense for most nonprofits, it is no surprise that many have been forced to reduce or eliminate salaries, and discontinue any bonus and incentive plans during the pandemic. This article looks at few things we can expect moving forward and some general guidelines for managing compensation in the new normal.
Summary of the Deferral of Payroll Tax and Other Executive Orders
August 13, 2020 - President Trump has signed four directives designed to extend aid to Americans experiencing economic challenges in the face of the current pandemic. Here is a summary of each and its potential impact on your organization, employees, or both.
New COVID-19 Resources for Nonprofits, Churches & Higher Ed
July 24, 2020 - Learn about recent IRS guidance, how to prepare for what's next, and more in our weekly update.
IRS Provides Guidance on Reporting Qualified Sick and Family Leave Wages Paid
July 24, 2020 - The IRS has provided guidance on how employers are to report qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act.
IRS to Notify Organizations with a Delay with Advance Payment of Employer Credits
July 24, 2020 - The IRS will send letters to taxpayers experiencing a delay in the processing of Form 7200, which is used to claim employer tax credits for paid sick leave and expanded Family Medical Leave Act benefit payments as provided in the Families First Coronavirus Response Act.
Applying for PPP Loan Forgiveness
July 17, 2020 - A comprehensive look at Paycheck Protection Program (PPP) loan forgiveness, including changes arising from the enactment of the Paycheck Protection Program Flexibility Act of 2020 and subsequent SBA guidance.
New COVID-19 Resources for Nonprofits, Churches & Higher Ed
July 16, 2020 - Read our updated article on PPP loan forgiveness, gain insight on church leadership topics, and more.
New COVID-19 Resources for Nonprofits, Churches & Higher Ed
July 10, 2020 - Get information and insight to help you lead forward, account for PPP loan proceeds, and more in this look at recent COVID-19 resources.
New COVID-19 Resources for Nonprofits, Churches & Higher Ed
July 2, 2020 - What to know about the EIDL program, additional funding for higher ed, some areas of hope for churches, and more.