Nonprofit Resources
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.
Substantial Presence Test Relief for Certain Eligible Non-Resident Aliens
April 22, 2020 - The IRS has granted relief from the “number of days requirement” applicable in the “substantial presence test” to certain non-resident alien individuals who will be in the U.S. in 2020 for more days than anticipated due to travel restrictions arising from the COVID-19 pandemic.
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.
Waiver of Time Requirements for Certain Individuals Eligible for the Foreign Earned Income Exclusion
April 21, 2020 - The IRS has granted individuals otherwise eligible for the foreign earned income exclusion to waive days of presence in the U.S. due to the COVID-19 pandemic.
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.
IRS Provides FAQs About the Employee Retention Credit
April 20, 2020 - Organizations that did not receive or apply for a Paycheck Protection Program loan may be eligible to claim the benefits of the Employee Retention Credit. The IRS has provided a set of FAQs on the credit.
Key Provisions of the CARES Act and Paycheck Protection Loan Program
March 30, 2020 - Resources to help your organization understand and navigate the new COVID-19 legislation.
New COVID-19 Resources for Nonprofits, Churches & Higher Ed
March 26, 2020- A recap of COVD-19 resources we’ve added this week, including IRS and DOL FAQs and recorded webcasts.
Keeping Data Secure for Remote Workers
March 18, 2020 - Remote work has become a necessity at many organizations. Follow these five steps to create a remote working environment that supports your organization while maintaining the security of your systems and data.
Nonprofit Issues Newsletter, February 2020
Changes affecting borrower defense rules, best practices for application security, and more.