Nonprofit

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

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

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

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed by the President in March 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

The last two weeks have turned the world upside down and have taken the “normal” ways of doing things with it

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

Consolidated financial statements and nonprofit organizations are not words that are commonly associated together

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