Nonprofit Resources
First Look at Applying for PPP Loan Forgiveness
May 18, 2020 - The SBA has released the Paycheck Protection Program Loan Forgiveness Application and accompanying schedules and instructions. Here's an overview.
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.
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.
Employee Retention Credit Overview
April 29, 2020 - Now that Paycheck Protection Program applications are in full swing, attention is turning to other benefits provided by the CARES Act. This includes a new benefit called the Employee Retention Credit (ERC).
Accounting for Paycheck Protection Program Proceeds
April 27, 2020 - Many nonprofit organizations are asking about the proper accounting for Paycheck Protection Program (PPP) proceeds. Here's what to know.
Preparing for Paycheck Protection Program Loan Forgiveness
April 22, 2020 - If your nonprofit applied for and received a loan through the Paycheck Protection Program (PPP), it’s important to take immediate steps to ensure the funds are correctly handled and tracked during the next eight weeks.
Mission Agencies and Paycheck Protection Program Loans
April 20, 2020 - Paycheck Protection Program loans have unique considerations for many mission agencies. We look at how to define principal place of residence and best practices for using and accounting for the loan proceeds.
Direct Financial Aid Grants for Students Under the CARES Act
April 15, 2020 - As more guidance about the CARES Act becomes available, higher education institutions have questions about the funds available to them. Here's a look at two common questions about direct financial aid grants for students under the CARES Act.
Summary of Paycheck Protection Program Loan Regulations
April 3, 2020 - The Small Business Administration has released temporary regulations on which lenders, employers, independent contractors, and sole proprietors may rely when applying for Paycheck Protection Program Loans (PPPLs).
How the Paycheck Protection Loan Program Applies to Nonprofit Organizations
March 30, 2020 - The new Paycheck Protection Loan program created by the CARES Act is designed to provide small businesses, including nonprofits, with immediate access to cash to allow them to survive the disruption caused by the COVID-19 pandemic.