Nonprofit Resources
SBA Provides New Paycheck Protection Loan FAQs
March 4, 2021 - The Small Business Administration has released several new Paycheck Protection Program (PPP) Loan FAQs covering a variety of First Draw and Second Draw PPP loan details.
IRS Releases Guidance on the Employee Retention Credit for 2020 Wages
March 2, 2021 - The IRS has provided additional guidance on claiming the employee retention credit for qualified wages paid from March 13, 2020, through December 31, 2020. Here are the key points for employers to know.
Paid Sick and Family Leave Credits Change; Extended Filing Date for Texas Nonprofits
February 24, 2021 - Wages paid to student employees and ministers are now eligible for paid sick and family leave credits, and the IRS has extended the filing deadline for Texas nonprofits.
IRS Issues Updated FAQs on Paid Sick and Family Leave Credits
February 1, 2021 - The updated FAQs provide information on the paid sick and family leave credits extended through March 31, 2021. Here are the key points for your organization to be aware of.
Deadline for First HEERF Annual Performance Report Extended to February 8
February 2, 2021 - The deadline for the first Higher Education Emergency Relief Fund (HEERF) annual performance report has been extended from February 1 to February 8, 2021.
Higher Education Updates on HEERF Reporting and Funding; FAFSA Changes
January 22, 2021 - Learn about important higher education updates on HEERF reporting, round 2 of HEERF funding, and coming FAFSA changes.
Extended Payment Period for Deferred Payroll Taxes
January 21, 2021 - Employers who deferred the withholding and payment of employees’ portion of Social Security tax can withhold and ratably pay the deferred taxes through the end of 2021.
Recap of New PPP Guidance and Applications
January 20, 2021- Since the Consolidated Appropriations Act of 2021 was signed into law, the SBA and U.S. Treasury have released a number of guidelines, documents, and updated applications. We’ve compiled them here.
DOL Issues Opinion on FLSA Exempt Status and Ministerial Exception
January 15, 2021 - A new Department of Labor Opinion Letter discusses the general contours of the ministerial exception to the application of the minimum wage and overtime rules in the Fair Labor Standards Act (FLSA).
Higher Ed Reminder – HEERF Information Due December 16
December 15, 2020 - Info on your Higher Education Emergency Relief Fund (HEERF) performance report submitter and editor is due tomorrow. Here’s what to provide, and how to provide it.