May 14, 2020, is the revised deadline to repay Paycheck Protection Program loans for borrowers who have chosen the Small Business Administration’s “good faith” self-certification of eligibility option.
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes several changes that encourage charitable giving during the coronavirus (COVID-19) crisis. This is welcome news for certain public charities, including churches, educational organizations, hospitals, medical research organizations and food banks. Here's an overview of the tax rules for deducting charitable contributions — and how they've temporarily changed for 2020.
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The CARES Act includes favorable changes to the rules for deducting net operating losses (NOLs). Here’s how.
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You can keep your nonprofit’s board members in touch and able to make decisions by facilitating virtual board meetings. But be sure to check state laws and your organization’s bylaws first.
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The just-passed $484 billion Interim Stimulus Plan, among other things, replenishes Paycheck Protection Program funds.
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A drafting error by Congress meant that some improvements to interior parts of nonresidential buildings had to be deducted over 39 years. But a new law that provides COVID-19 relief fixes the error and may result in revenue for eligible businesses.
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Desperate appeals to donors may not be the smartest strategy during the COVID-19 crisis. Here’s how to approach supporters and earn their long-term loyalty.
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The newest Interim Final Rule for the CARES Act’s Paycheck Protection Program was released April 14, 2020, giving additional clarity for individuals with self-employment income or who are a sole proprietor.
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In the wake of the coronavirus (COVID-19) crisis, the IRS and U.S. Department of Treasury are providing taxpayers additional relief to ease tax burdens.
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The coronavirus (COVID-19) crisis has resulted in unprecedented challenges for employers. Here are the details of some relief from the federal government.
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In the wake of the COVID-19 pandemic, the only certain thing is uncertainty. Nonprofits need to assess their current financial position, come up with alternative revenue models and prepare for a long, hard fight.
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