Big Changes to PPP Loan Forgiveness Rules
Newly passed legislation is heading to President Trump’s desk that will substantially alter the original forgiveness terms for PPP loans.
The CARES Act May Help Your Nonprofit Retain Its Staff
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.
Appeals Court Finds Clergy Housing Allowance To Be Constitutional
It took over five years, but a unanimous 3-judge panel of the 7th US Circuit Court of Appeals ruled in March that the clergy housing allowance is constitutional, overturning a District court decision from 2013. The original suit was brought…
Nonprofit Executive Compensation
Executive compensation is a hot-button topic for both nonprofit and for-profit companies. With the nature of compensation changing dramatically for technology and other high-growth industries, it is important to understand what is fair and competitive when setting your employee salaries.…
Year-End To-Do List for Nonprofits
Well, we are pretty much down to it. There are only a few weeks left in 2011…and during much of that time, most of us will be preoccupied with all things Christmas. But in all the hustle and bustle, there…
IRS 501(c)(3) Audits – 5 Potential Sources
There is one phrase in the English language that generates more fear and trepidation than any other out there: IRS AUDIT. Just hearing the words is enough to cause many a fearless person to break out in a cold sweat…