Read About - Using Endowment Funds During Any Emergency Situation, Such As Covid-19August 19, 2020
If your organization has endowment funds, you may be tempted to dip into them for operating expenses in a situation like we have today with COVID-19
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Read About - PPP Recognition for June 30, 2020 Fiscal Year-EndAugust 19, 2020
The Treasury released a list of organizations that received more than $150,000 in Paycheck Protection Program (PPP) loan funds, of which over 4,500 were nonprofit organizations in California and 1,500 were nonprofit organizations in Los Angeles and Orange County
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Read About - What the “New Normal” Looks Like for NonprofitsAugust 19, 2020
The overall economy and our society rely on nonprofit organizations to provide critical support to those in need even during the best of economic times
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Read About - The CARES Act: What’s in it for NonprofitsMay 19, 2020
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed by the President in March 2020
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Read About - Tax Deadline Extended for NonprofitsApril 14, 2020
In response to COVID-19, the IRS released Notice 2020-23 (the Notice) to extend tax deadline relief for additional returns that were not included in Notice 2020-18
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Read About - COVID – 19 and the Nonprofit SectorMarch 26, 2020
The last two weeks have turned the world upside down and have taken the “normal” ways of doing things with it
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Read About - How to Claim a Parking Tax RefundMarch 3, 2020
On January 21, the Internal Revenue Service (IRS) provided guidance on how nonprofits can claim a refund on the unrelated business income tax (UBIT) paid on qualified transportation fringe benefits
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Read About - Consolidating Financial Statements for Nonprofit OrganizationsMarch 3, 2020
Consolidated financial statements and nonprofit organizations are not words that are commonly associated together
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Read About - Retirement Plan Cost of Living Adjustments for 2020 and Highlights of the SECURE ActMarch 3, 2020
The IRS has announced the following cost of living adjustments (COLA) applicable to qualified plans:
The limit on elective deferrals to 401(k), 403(b), and 457(b) plans will increase from $19,000 to $19,500
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