Expanded Funding and Tax Benefits for Not-for-Profit Organizations in COVID-19 Relief Bill
Not-for-profit organizations have been a source of hope and resources for the communities they serve, but many are still struggling with the effects of COVID-19. The latest round of stimulus relief allocated $900 billion to ongoing COVID-19 relief measures, many of which stand to benefit not-for-profits.
Is Your Pricing Compliant with FAR?
The Federal Acquisition Regulations and the Cost Accounting Standards require consistency in estimating, accumulating and reporting costs. In other words, the way you price your contracts must be consistent with the way you account for and report them. There are two things you can do to help ensure compliance.
Credit Unions and the Rise of COVID-19 Financial Fraud
In the wake of COVID-19, financial institution fraud is on the rise thanks to a mostly virtual environment and exposed vulnerabilities in organizations’ security systems and processes. Developing awareness of the types of fraud schemes is an important part of mitigating and lowering the risk.
Post-Pandemic Financial Insights and Strategies for Nonprofits
2020 has been a difficult year for nonprofit organizations. In difficult times, financial innovation and risk mitigation are necessary to survive and thrive when true recovery begins. During this summit, we will present the issues, trends, key takeaways, and even opportunities we have seen while serving nonprofits since the COVID-19 pandemic started.
Is Your Not-for-Profit Organization’s COVID-19 Funding Triggering A Single Audit?
Part of the recovery funding for many not-for-profits has come from grants. While these funds have directly helped not-for-profits keep their doors open, many executives may not realize that some of these funds could trigger a single audit.
EIDL Grants No Longer Reduce PPP Forgiveness
The Economic Aid Act, which became law on December 27, 2020, made PPP loans fully forgivable regardless of EIDL grants received. Now, the SBA has issued guidance and new forgiveness forms removing the need for an EIDL reduction.
