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.
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.
List of COVID-Related Grants Triggering Single Audits
Funding received from state or local governments may have originated in the Cares Act and may only be pass-through funding. Thus, the entity may be subject to a single audit requirement. Here is a list of CARES Act- and COVID-19-related programs that could trigger a single audit.
Overview of Final Regulations for 1031 Exchanges
Since the Tax Cuts and Jobs Act, the treatment of 1031 exchanges has been more complex, nuanced, and limited according to varying definitions of real property. Now with final regulations, real estate investors can make more informed decisions about which properties qualify.
Navigating “Per Stirpes” Election for Beneficiary Designations
What happens if any of your primary or contingent beneficiaries pass away before you? If your intent is to leave behind a legacy for that particular beneficiary’s heirs, adding the Per Stirpes designation may be advantageous.
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.
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.
PPP Round 2 – What You Need to Know
The Economic Aid Act, included in the 2021 Appropriations Act expanded the Paycheck Protection Program (“PPP”) to include second draw loans for hard-hit small businesses. Here's what you need to know to take advantage of this program.
Whitepaper | Top 7 Internal Controls to Prevent Fraud
Fraud is difficult to avoid entirely. However, some types of fraud are much more costly than others. Thankfully, there are many ways you can help protect yourself from an expensive business loss. Here are the best methods for preventing payroll and accounting fraud.