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The Impact of Biden’s Proposed $2.3 Trillion Infrastructure Plan on the Construction Industry

President Biden recently unveiled his new $2.3 trillion infrastructure package, the American Jobs Plan. The construction industry will benefit in several ways, but there are mixed reactions on different aspects of the legislation.

Single Audit Deadline Delayed by Six Months

On March 19, 2021, the Office of Management and Budget issued a memo directing federal agencies to delay, by six months, the deadline for recipient organizations to submit Single Audits. The new deadlines are September 30, 2021 and March 31, 2022.

Preparing for Another COVID-19 Construction Site Shutdown

Even in a post-coronavirus economy, the potential for another public health crisis or national emergency remains elevated. What can construction companies do to protect their assets and plan for another site shutdown?

COVID-19 Relief Money Available for Virginia Non-Public Schools

Non-public schools have an opportunity to apply for federal funding through the Emergency Assistance to Non-Public Schools (EANS) Program. Virginia participates in this program, but administrators should act quickly as the funds are limited.

2021-03-25T16:04:41-04:00March 25, 2021|Categories: Not-for-Profit, PBMares COVID-19 Insights|Tags: , |

More Funding for Not-for-Profits in the New COVID-19 Stimulus Bill

The American Rescue Plan Act's changes to the Paycheck Protection Program make it easier for more not-for-profit organizations to receive funding – but as of now, the deadline to apply for PPP funds remains March 31.

2021-03-17T09:16:43-04:00March 17, 2021|Categories: Not-for-Profit, PBMares COVID-19 Insights|Tags: , , |

Social Clubs Now Eligible for PPP Loans

The American Rescue Plan Act finally gives 501(c)7 Social Clubs the opportunity to apply for Payroll Protection Program (PPP) loans. But you better act fast because the funding for the second round of the PPP loans closes on March 31, 2021.

2021-03-16T14:29:57-04:00March 16, 2021|Categories: Hospitality, PBMares COVID-19 News|Tags: , , , |

Is Your Nonprofit Board Designed to Properly Oversee an Audit?

NFPs have always been adept at achieving great outcomes with few resources. This strength was put to the test even more in the past year. Whether an organization received extra funding or not, proper governance and fiscal oversight are more important than ever.

2021-03-11T14:29:41-05:00March 11, 2021|Categories: Not-for-Profit|Tags: , , |

Do You Qualify for the Employee Retention Credit?

The Employee Retention Credit (ERC) incentivizes organizations to keep employees on the payroll during COVID-19, and with new rules, it’s possible to claim as much as $14,000 per employee in 2021.

2021-03-08T10:06:57-05:00February 25, 2021|Categories: Not-for-Profit, PBMares COVID-19 Insights, Tax: Business|Tags: , , |

Club Philanthropy: Concepts, Caveats and Case Studies

This third article in Club Director’s Philanthropy in Clubs series takes a more in-depth look into foundations. Three case studies highlight what can go wrong and include the key takeaways to be learned from each example.

2021-02-24T19:00:09-05:00February 24, 2021|Categories: Hospitality, Private Clubs|Tags: , , |

What’s Your Not-for-Profit’s Liquidity Policy?

It’s time to re-evaluate what liquidity actually means and how well-crafted policies can improve an organization’s operations, finances, and be a tool for educating the public, the Board, and management.

2021-02-25T09:27:22-05:00February 11, 2021|Categories: Audit & Assurance, Not-for-Profit|Tags: , , |
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