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POSTED 5/19/2020 – RECENTLY RELEASED PPP LOAN FORGIVENESS GUIDANCE FOR BORROWERS On Friday, May 15, 2020, the Small Business Administration (SBA) released, for the first time, the loan forgiveness application form which borrowers will use to request forgiveness. Included with the application are detailed instructions and supplemental schedules that borrowers will be obligated to create…Read More
By Jana Cinnamon There isn’t a playbook for how to do business in a global pandemic. At least there wasn’t in mid-March, when we packed up our offices to begin working from home. All we knew was that we would continue to show up for our clients and community—including the 30 students we had invited…Read More
by Steve Anseth, CPA In recent months, nonprofits have had to make some major adjustments to their regular event schedule due to stay-at-home orders and social distancing practices. This often means opting to hold virtual galas and fundraisers in place of traditional events. The difficulty in this type of arrangement comes when determining how to…Read More
By Geniene B. Scherer, CPA Change is a constant in life. In the best-case scenario, we know it’s going to happen, and we prepare for it. But when change happens overnight, it can feel like getting hit by a ton of bricks. So, what can you do to jumpstart your organization’s performance (and ultimately its…Read More
Webinar held April 10,2020 Our experts help you sort through and understand the various stimulus packages so you can make informed decisions impacting your organization and employees. Audience: Individuals, business owners, nonprofits, and government entities who are looking for guidance in regards to the CARES Act and FFCRA. We have compiled a list of questions that were asked during the webinar and created…Read More
An Important Update: In response to the COVID-19 epidemic, Treasury Secretary, Steven Mnuchin, has passed a 90-day extension on Federal tax payments. Taxpayers now have until July 14, 2020, to pay 2019 taxes owed. Key Notes: • Individual taxpayers can delay payments of up to $1 million in income taxes owed; corporations can defer up…Read More
By Andrew Brower, MBA, ASA A marital balance sheet is more than a simple listing of assets. This highly important document serves as your client’s reference for numerous high-stakes decisions. Hence, the balance sheet must be readily understood by your client and 100% accurate. It should also be easily explained, updated, and replicated (for future…Read More
By Jean McGann, CPA This is the third and final article in our series on the benefits of automation for governments. The first article describes how automation can make life easier for your office staff while the second article highlights ways it can benefit your fieldworkers. “Automation,” for our purposes, is the act of automating…Read More
By Steven Anseth, CPA The year 2020 is shaping up to be an exciting and challenging one for nonprofits. We are all familiar with the increasing pace of change around the world, and in the months ahead we can expect more of the same. The overall trend is that change is happening more rapidly than…Read More
By Leah Davis, CPA The practice of evaluating employee performance as a primary basis for compensation is widely accepted in the private sector. Slowly but surely, these types of performance-based compensation systems, in which pay increases are based on performance rather than length of service, are becoming more common in the public sector as well….Read More