On May 15, 2020, the Small Business Administration (SBA) issued the much-anticipated Loan Forgiveness Application (SBA Form 3508) for the Paycheck Protection Program (PPP). As
- Employee Benefit Plan News, Nonprofit Updates
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On April 9, 2020, the Internal Revenue Service (IRS) issued Notice 2020-23, which amplifies previous notices providing taxpayer relief due to the coronavirus pandemic. Notice
- Employee Benefit Plan News, Labor News, Nonprofit Updates
In addition to an employee retention credit and advance payment of payroll credits for employee paid sick and family leave, the CARES Act also provides
- Employee Benefit Plan News, Labor News, Nonprofit Updates
Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), grants are now available through the Small Business Administration (SBA) to provide an emergency
- Employee Benefit Plan News, Labor News, Nonprofit Updates
One of the key provisions under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides relief to eligible employers in the form of
- Employee Benefit Plan News, Labor News, Nonprofit Updates
On March 18, 2020, the Families First Coronavirus Response Act (FFCRA) was enacted. FFCRA addresses paid sick and family leave, including tax credits for employers.
- Employee Benefit Plan News, Labor News, Nonprofit Updates
The Paycheck Protection Program (“PPP”) was established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The PPP authorizes up to $349 billion in
- Nonprofit Updates
For over 35 years, Uptown People’s Law Center has been committed to serving poor and vulnerable communities in Chicago. UPLC’s community work focuses on individuals
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The AICPA reports, “Earlier this year, the IRS’s Exempt Organization and Government Entities Division (TE/GE) in its FY 2016 Priority Letter affirmed that it has
- Nonprofit Updates
Facts about Literacy: • An estimated 882,000, or 30%, of adults in Chicago have low basic literacy skills and would benefit from adult literacy and/or
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On August 18, 2016, The Financial Accounting Standards Board (FASB) released its long-awaited accounting standards update for not-for-profit financial reporting (with some scale-back) to keep
- News Flashes, Nonprofit Updates
Chicago Cares is the city’s leading connector of people, communities, and causes through volunteerism. Since 1991, Chicago Cares has activated 500,000 people in service to
- Nonprofit Updates