Nonprofit Resources
New COVID-19 Resources for Nonprofits, Churches & Higher Ed
April 30, 2020 - Learn about accounting for Paycheck Protection Program loan proceeds, new guidance from the SBA, and more in this week's COVID-19 resources email alert.
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).
Treasury Dept. Says PPP Loan Amounts Over $2 Million Will Be Audited
April 29, 2020 - U.S. Treasury Secretary Steven Mnuchin announced that the Small Business Administration will audit Paycheck Protection Program loan amounts over $2 million to verify economic need before the loans are forgiven.
To Zoom or Not to Zoom? The Security Is the Question
April 28, 2020 - Zoom has become a very popular videoconferencing solution, but many security concerns have started to surface. Here's what your organization should know if you use Zoom or are considering it.
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.
Minister’s Housing Allowance Can Be Included in Payroll Costs for PPP Loans
April 24, 2020 - The SBA has approved the inclusion of the minister’s housing allowance in payroll costs for purposes of applying for a Paycheck Protection Program (PPP) loan and seeing loan forgiveness.
SBA Provides FAQs on Calculating Payroll Costs for PPP Loans
April 24, 2020 - The Small Business Administration (SBA) has released guidance to help businesses and organizations calculate their payroll costs when determining the amount of a Paycheck Protection Program (PPP) loan they can apply for.
New COVID-19 Resources for Nonprofits, Churches & Higher Ed
April 23, 2020 - Articles, webcasts, IRS updates, and more — here is what's new this week.
Watch for These Errors When Filing for COVID-19-Related Employer Credits
April 23, 2020 - The IRS is warning employers to watch out for these common mistakes when filing Form 7200, Advance Payment of Employer Credits Due to COVID-19.
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.