Stay abreast of the continuing impacts the coronavirus is having on the nonprofit industry and ways to adapt to all the changes, as well as to catch up on key trends in the nonprofit industry!
What Individuals Need to Know About the American Rescue Plan Act
The American Rescue Plan Act of 2021 (ARPA), signed into law by President Biden on March 11, 2021, provides additional major relief to individuals and businesses that continue to be impacted by the COVID-19 pandemic. In this blog, we will cover the latest ARPA provisions related to individual taxpayers.
FAQs For Plan Sponsors and Employees on Cares Act Relief
Below is a list of some of the most common questions plan sponsors face, along with our brief answers.
CARES Act Employee Retention Credits for Nonprofit Employers
The Consolidated Appropriations Act signed into law on December 27, 2020 changed the ERC program and it is now available to employers who also received the PPP Loans and meet certain requirements.
New Stimulus Package Extends and Expands Employee Retention Credit
The ERC is a refundable payroll tax credit for wages paid and health coverage provided by an employer whose operations were either fully or partially suspended due to a COVID-19-related governmental order or that experienced a significant reduction in gross receipts.
SBA Issues Guidance on How to Apply for More PPP Funds
On January 6, 2021, the federal Small Business Administration (SBA) released interpretations of the new provisions for additional funds available under the Paycheck Protection Program.
Winter 2020 Nonprofit Standard Newsletter
Stay abreast of the continuing impacts the coronavirus is having on the nonprofit industry and ways to adapt to all the changes, as well as to catch up on key trends in the nonprofit industry!
Special $300 tax deduction helps most people give to charity this year – even if they don’t itemize
The Internal Revenue Service reminds taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities in 2020.
Strengthening Internal Control in the COVID-19 Environment
As the evolving COVID-19 pandemic brings uncertainties, organizations face immediate risks impacting their control environment.
A Look At the New Stimulus Package Signed Into Law December 27, 2020
The over 5,500-page emergency coronavirus relief package aims to bolster the economy, provide relief to small businesses and the unemployed, deliver checks to individuals and provide funding for COVID-19 testing and the administration of vaccines.