2021 Compliance Supplement Changes That Impact Higher Education Audits
September 23, 2021 - The 2021 Compliance Supplement includes changes to programs that specifically impact the audits of institutions of higher education. While these aren’t new regulations, they are new audit requirements that must be tested. Here’s a look at the changes.
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.
New 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.
Key Takeaways About the 2021 Compliance Supplement
August 23, 2021 - The U.S. Office of Management and Budget (OMB) released the 2021 Compliance Supplement on August 12, 2021. It is effective for audits of fiscal years beginning after June 30, 2020. Here are some key takeaways to be aware of.
Nonprofit Issues Newsletter, August 2021
August 18, 2021 - This issue of our newsletter covers how to strengthen your ransomware defenses, maintain donor engagement, evaluate strategic partnerships, and more.
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.
Synergies, Resources, and Culture: A Roadmap to Strategic Partnerships
August 17, 2021 - If your nonprofit is considering a strategic partnership, there are three critical pillars of success to focus on: synergy, resources, and culture. Here’s what to evaluate.
5 Steps to Maintain Donor Engagement in a Tumultuous Time
August 17, 2021 - Organizational resilience depends heavily on securing funding, and organizations are seeking out new ways to engage with donors. Follow these five best practices to help your organization maintain donor engagement during tumultuous times.
The Uniform Guidance – Some Ongoing Pitfalls
August 17, 2021 - Years into the implementation of Uniform Guidance, a few recurring matters continue to arise that lead to audit findings. Learn about common issues with subrecipient monitoring, equipment, and period of performance.
Employees of Faith-Based Entities Now Eligible for Federal Student Loan Forgiveness Programs
August 16, 2021 - As of July 1, 2021, employees of faith-based entities are now able to participate in the federal public service loan forgiveness (PSLF) program, among other changes.