The SBA has released a new, simplified EZ application for PPP loan forgiveness. Does your nonprofit meet one of the requirements to file the EZ application?
A brief overview the guidance and clarity offered by the Paycheck Protection Program Flexibility Act of 2020, and how this bill may affect nonprofit organizations who received PPP loans.
On May 15, 2020, the Small Business Administration released an application form and related instructions to be used when requesting forgiveness of PPP loan amounts received by employers under the CARES Act.
The bad news: Under the Tax Cuts and Jobs Act of 2017, nonprofit are subject to new taxes and penalties on employee parking benefits. The good news: You may be able to reduce or remove this tax and avoid penalties - but you must take action by March 31, 2019!
An comparison of the new proposed FASB Accounting Standard Update to the last major update in 1993, and what the new rules might mean for your nonprofit.
