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.
There aren’t many people who would call an audit “fun”…but there are certainly some steps you can take to ensure your organization has a relatively quick and painless audit experience.
Some in-kind (or non-cash) contributions can be difficult to identify and record. But by following a few basic rules and being aware of the most common types of in-kind donations, you can ensure that the value of these contributions are captured in your financial records.
When your organization buys a new computer, is that an asset or an expense? Your capitalization policy will help you determine how to properly account for each purchase.
Great news! Congress has retroactively repealed the unrelated business income tax (UBIT) on qualified transportation fringe benefits - a relief for many nonprofit organizations.