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.
Great news! Congress has retroactively repealed the unrelated business income tax (UBIT) on qualified transportation fringe benefits - a relief for many nonprofit organizations.
Sponsorships and advertising are treated very differently by the IRS. If your nonprofit organization isn’t careful, you might wind up with additional tax complications that you weren’t expecting.
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!
Volunteer, intern, contractor, or employee? Navigating labor laws can be tricky for nonprofit organizations that rely on a wide variety of staff and volunteers.
As taxpayers grapple with the first filing season under the Tax Cuts and Jobs Act, nonprofits must stay informed about the potential long-term impact of the new tax rules.
If you're filing for 501(c)(3) tax-exempt status, read this first! With preparation and attention to detail, you can avoid most of the common pitfalls of applying for tax-exempt status with the IRS.
