Nonprofit Resources
SBA Provides Key PPP Loan Clarifications
May 6, 2020 - The SBA has extended the due date for returning PPP funds and says PPP loans are not subject to Uniform Guidance compliance audits.
PPP Loan Good Faith Certification: Now What?
May 4, 2020 - This article provides a framework for analyzing the PPP loan good faith certification requirement and how your organization can assess and document your decision to sign off on the certification during the loan application process.
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.