Nonprofit Resources
New COVID-19 Resources for Nonprofits, Churches & Higher Ed
May 14, 2020 - Learn about updates from the SBA, payroll costs and PPP loans, upcoming webcasts, and more in this week's COVID-19 Resources email alert.
SBA Extends Safe Harbor for Returning PPP Funds to May 18
May 14, 2020 - The Small Business Administration (SBA) has extended the safe harbor due date for returning Paycheck Protection Program (PPP) loan funds again, this time to May 18, 2020.
SBA Releases Guidance on Certification of the Necessity of a PPP Loan
May 13, 2020 - The SBA has released the promised guidance regarding the good faith certification of the necessity of a Paycheck Protection Program loan. You do not need to substantiate necessity for loans under $2 million.
Payroll Costs and Paycheck Protection Program Loan Forgiveness
May 13, 2020 - Many organizations have questions about what costs can be included in allowable payroll costs in order to maximize PPP loan forgiveness.
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.
