Nonprofit Resources
All SAIG Software Users Must Upgrade by February 20, 2022 to Avoid Losing Access
February 17, 2022 - All institutions that use the Student Aid Internet Gateway (SAIG) software must upgrade to EDconnect 8.5 and 8.5.1 by February 20, 2022, to avoid losing access to SAIG.
Updated Lease Toolkit Now Available
February 1, 2022 - We’ve updated the CapinCrouse Lease Toolkit to reflect a recent change from the Financial Accounting Standards Board and added a convenient Lease Calculation Tool.
Key Federal Tax Figures for 2022
January 25, 2022 - Download your free copy of our annual Key Federal Tax Figures summary for use throughout 2022.
IRS Issues Guidance on the Employee Retention Credit Termination
December 7, 2021 - The guidance applies to employers that received advance Employee Retention Credit payments or reduced employment tax deposits for wages paid after September 30, 2021.
New Infrastructure Act Will End the Employee Retention Credit Early
November 11, 2021 - The Infrastructure Investment and Jobs Act, which passed the House of Representatives on November 5, 2021, will retroactively end the Employee Retention Credit to apply only through September 30, 2021.
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.
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.
IRS Releases Employee Retention Credit Guidance for 3Q and 4Q 2021
August 5, 2021 - The IRS released guidance on claiming the ERC for qualified wages paid after June 30, 2021, and before January 1, 2022, along with further guidance for various ERC issues in 2020 and 2021.
Entities with EINs Must Update Responsible Party Information
August 2, 2021 - The IRS has issued a call for entities with an Employer Identification Number (EIN) to ensure the IRS has the entity’s current “responsible party” on file.
