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Recent Updates

How well do your nonprofit’s development and accounting departments communicate?

Mar 17 in Nonprofit Updates, Tax Info

Your accounting and development departments are central to the continued financial health of your not-for-profit. So what happens when communication between these two functions break down? It could result in conflict between staffers, inaccurate financial statements and, in a worst-case scenario, the forfeiture of grant funds. Here’s how you can encourage collaboration.

Note different accounting methods

Make ... Read More ›

The American Rescue Plan Act provides sweeping relief measures for eligible families and businesses

Mar 17 in Emerging Tax and Regulations Alert, Tax Info

On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The $1.9 trillion law is intended to provide far-reaching relief from the economic and other repercussions of the ongoing COVID-19 pandemic. In addition to funding for testing, contact tracing, vaccinations, education, and state and local governments, the ARPA includes extensive ... Read More ›

Certain provisions of ARPA may be available to Labor Organizations and some Benefit Plans

Mar 15 in Employee Benefit Plan News, Labor News, Tax Info
On Thursday, March 11, 2021, the President signed into law the American Rescue Plan Act of 2021 (ARPA). ARPA is a $1.9 trillion stimulus bill that includes billions of dollars for small businesses and not-for-profit organizations. Title V, Sec 5001 amended the CARES Act in relation to the Paycheck Protection Program (PPP). This included creating a new category ... Read More ›
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