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.
Reforecasting Your Nonprofit’s Budget
In the face of Covid-19, many nonprofits have had to reevaluate their financial positions. Has your organization taken another look at its budget recently? In this article you will learn about flexible budgeting techniques and when to use them – they are not just for pandemics.
How the Construction Industry is Handling the Financial Impacts of COVID-19
If revenues are the measuring point for the impact of COVID-19, the construction industry has been spared the drastic financial impacts that other industries have seen, but they have still been faced with multiple disruptions.
Documenting Late 401(k) Plan Deposits Due to COVID-19
The Department of Labor (DOL) has provided relief for plan sponsors who have been late remitting employee contributions to their service providers because of the pandemic, but plan sponsors still have an obligation to accurately document what caused the delay.
City of Meridian Offering Grants for Small Businesses
The Meridian City Council has designated $1 million from the City’s CARES Act funding to provide grants to assist small businesses impacted by COVID-19.
PPP Forgiveness Changes Passed as Trump Signs Bill
In another win for small businesses, they now have an extended period of time to spend PPP funds and still qualify for forgiveness of the loans.
As Governors Lift COVID-19 Restrictions, What Happens to the Cares Act Employee Retention Credit?
Although the answer depends on each employer’s facts and circumstances, it seems that many employers may still be eligible for the employee retention credit (ERC) as state and local governments re-open their economies in stages.
SBA Releases the Paycheck Protection Program Forgiveness Application
The PPP loan forgiveness form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers.
How to Skip Your Required Minimum Distribution in 2020
Thanks to the CARES Act, you may now skip your Required Minimum Distribution for 2020, and pull out emergency cash, without withdrawal penalties if qualified.