So, you're planning on starting a new nonprofit sometime soon. Maybe you've heard something about incorporating, but you don't fully understand what that means. Or, someone told you to form an LLC instead. There's a lot of misinformation and misunderstanding…
Starting any type of business is a risky endeavor. Whether you're starting a consulting firm, a food truck, or a nonprofit food pantry, entrepreneurs face unique risks. And given that nonprofits can't have owners, many social entrepreneurs face an even…
COVID-19. In our hometown of Nashville, a devastating tornado. Injustice. Protests. Riots. A Presidential election. More COVID-19. Is it over yet?
The CARES Act legislation that was approved in the early days of the COVID-19 pandemic (spring of 2020) helped many nonprofits with its Paycheck Protection Program. Thousands of charitable organizations nationwide were able to secure forgiveable loans from the Small…
Whether you are talking about a commercial business or a nonprofit, every organization runs more smoothly when it has solid operating policies. Way too often, however, these are an afterthought, and you find yourself needing to refer to a policy…
Maintaining timely and accurate financial records is one of the most important responsibilities facing every nonprofit organization. But doing it right is time-consuming, and the rules are complicated.
Newly passed legislation is heading to President Trump's desk that will substantially alter the original forgiveness terms for PPP loans.
As expected, the IRS has officially extended the filing deadline for 2019 Form 990.
The CARES Act that Congress passed in response to the COVID-19 crisis is best known for its Payroll Protection Program SBA loans and other measures of cash relief. Getting less attention are the provisions that increase the tax-deductibility of donations…
On Friday, March 27, 2020, Congress approved the Coronavirus Aid, Relief and Economic Security (CARES) Act. This is the third phase of a sweeping relief package Congress has passed in its efforts to mitigate the economic impact of COVID-19.