Nonprofit Resources
Paycheck Protection Program Application Deadline Extended to May 31, 2021
March 31, 2021 - The PPP Extension Act of 2021 has extended the Paycheck Protection Program deadline by two months. The program had been set to expire on March 31.
SBA Provides New Paycheck Protection Loan FAQs
March 4, 2021 - The Small Business Administration has released several new Paycheck Protection Program (PPP) Loan FAQs covering a variety of First Draw and Second Draw PPP loan details.
IRS Releases Guidance on the Employee Retention Credit for 2020 Wages
March 2, 2021 - The IRS has provided additional guidance on claiming the employee retention credit for qualified wages paid from March 13, 2020, through December 31, 2020. Here are the key points for employers to know.
Paid Sick and Family Leave Credits Change; Extended Filing Date for Texas Nonprofits
February 24, 2021 - Wages paid to student employees and ministers are now eligible for paid sick and family leave credits, and the IRS has extended the filing deadline for Texas nonprofits.
IRS Issues Updated FAQs on Paid Sick and Family Leave Credits
February 1, 2021 - The updated FAQs provide information on the paid sick and family leave credits extended through March 31, 2021. Here are the key points for your organization to be aware of.
Webcast for Nonprofits: The Employee Retention Credit and Nonprofit Organizations
March 4, 2021 - This free webcast will provide an overview of the Employee Retention Credit (ERC), including the updates that were made to the program as part of the Consolidated Appropriations Act passed in December 2020.
Extended Payment Period for Deferred Payroll Taxes
January 21, 2021 - Employers who deferred the withholding and payment of employees’ portion of Social Security tax can withhold and ratably pay the deferred taxes through the end of 2021.
Webcast for Nonprofits: The CAA, PPP Loans, and Nonprofits: What’s New and What’s Next
February 17, 2021 - The Consolidated Appropriations Act of 2021 brought a number of changes important to nonprofit entities, including an extension of the Paycheck Protection Program (PPP), the opportunity for a second loan, and updates to the Employee Retention Credit. Join this information-packed free webcast for a look at what’s new and how to prepare for the steps your organization needs to take next.
DOL Issues Opinion on FLSA Exempt Status and Ministerial Exception
January 15, 2021 - A new Department of Labor Opinion Letter discusses the general contours of the ministerial exception to the application of the minimum wage and overtime rules in the Fair Labor Standards Act (FLSA).
New PPP Guidance and Loan Application Forms Available
January 12, 2021 - The SBA and Treasury have released new PPP guidance and loan application forms. Here are the latest developments for nonprofit organizations to be aware of.