Nonprofit Resources
IRS Raises Standard Mileage Rate for Second Half of 2022
June 10, 2022 - Effective July 1, 2022, the standard mileage rate for business travel will increase by four cents per mile, to 62.5 cents per mile.
Perkins Loan Deadline Extended
May 20, 2022 - The U.S. Department of Education Federal Student Aid office has extended the deadline for mandatory assignment of Federal Perkins Loans in default for more than two years to June 30, 2023.
ED Provides Guidance on Direct Loan and Pell Grant Program Reconciliation
March 29, 2022 - The U.S. Department of Education Federal Student Aid Federal Student Aid office has released announcements with information about the requirements for Federal Direct Loan and Pell Grant Program reconciliations.
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.