Coronavirus Relief and Nonprofits

by Gregory S. Dowell April 14, 2020 Nonprofit organizations have been treated oddly in most of the COVID-19 relief measures that we’ve seen thus far.  While some (not all) nonprofits have been included in various ways, the treatment has been uneven and even a bit perplexing.  Here is how we analyze the major relief packages…

Forgivable Loans – Payroll Protection Program Loans under the CARES Act

by Gregory S. Dowell March 31, 2020 Important Information for Business Owners and Nonprofits The Coronavirus Aid, Relief, and Economic Security Act (CARES) that was passed into law over the past weekend contains provisions that affect income taxes for individuals and businesses, as well as paid leave and unemployment benefits.  CARES also included $350 billion…

Gregory S. Dowell March 13, 2018 The Not-for-Profit section of the AICPA recently published a list of 10 steps that nonprofits can take to facilitate their annual financial audit.  For the benefit of our nonprofit clients, we are re-printing the list in its entirety: 10 Steps to a Successful Audit – Tips for Not-for-Profit Organizations March…