Nonprofit Resources
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.
Key Federal Tax Figures for 2021
January 18, 2021 - Our annual Key Federal Tax Figures summary is designed to be a helpful reference tool throughout the year. Download or print your copy 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).
President Trump Signs the COVID-19 Relief Bill
December 28, 2020 - President Trump signed the Consolidated Appropriations Act of 2021 (CAA) on December 27. Read our summary of coronavirus provisions that are important to nonprofit organizations, including churches, schools, and private higher education institutions.
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.
SBA Releases New FAQ on PPP Loan Necessity Questionnaire
December 14, 2020 - PPP Loan FAQ 53 addresses the PPP Loan Necessity Questionnaire issued to recipients of PPP loans of $2 million or more. Here are the key takeaways.
IRS Provides Guidance on Reporting Deferred Employee Payroll Tax
November 12, 2020 - If your organization deferred the collection and remittance of the employee portion of Social Security tax, here's how to report it on Form W-2.
