Resource HubPosts By Category
WEBINAR: Strategies for Maximizing PPP Loan Forgiveness, Part VI
8/20/2020
Join us for a free webinar on Thursday, August 20th, from 1:00-2:00 PM (CST)/2:00-3:00 PM (EST). Our webinar will provide real-world scenarios to highlight key aspects of PPP and answer your common questions related to the deadline to file, payroll taxes, potential new bills, and latest guidance.
WEBINAR: CARES Act Provider Relief Funds for Post-Acute & Long-Term Care Providers, Part III
8/19/2020
Join us for a free webinar on Thursday, August 27th, from 2:00-3:00 PM (CST)/3:00-4:00 PM (EST). We'll focus on the rules and guidance related to the CARES Act fund distribution, which have undergone near continuous updating and modification since these relief funds began to be distributed.
How Businesses Can Securely Work From Home
8/4/2020
As the novel coronavirus continues to spread, many businesses are assessing how they can prioritize their employee safety and still maintain regular business operations.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part V
7/23/2020
Our webinar provides practical real-world scenarios to highlight key changes since the start of PPP, including current events, hot topics, potential new bills, and latest guidance on forgiveness applications. Access webinar materials here.
CARES Act Funds for Governments
7/13/2020
The CARES Act established the Coronavirus Relief Fund and appropriated $150 billion to the fund for COVID-19 related expenses for states, the District of Columbia, U.S. territories, tribal governments and local governments with populations over 500,000. Read more on the CARES Act regarding government payments from this recent BDO newsletter.
Nonprofit Organizations: Staying Functional and Safe In the Age of Coronavirus
7/13/2020
This article is aimed at helping nonprofit organizations plan to cope with the new challenges imposed by the coronavirus pandemic from the BDO "Nonprofit Standard" newsletter. The first part of the article focuses on matters external to the organization, while the second part focuses on internal matters.
Strengthening Internal Control in the COVID-19 Environment
7/13/2020
Due to its mission-driven purpose, a nonprofit organization’s financial and operational sustainability is significantly impacted by its environment. Now NFPs are facing the challenges of dealing with the results of COVID-19. As a result, management staff are asking themselves—are the internal controls that were once effective still operating in a manner to achieve our objectives in this unprecedented time?
Understanding the Taxation of Telehealth
7/13/2020
Widespread implementation of telehealth has been crucial, but challenging, during the COVID-19 pandemic. As healthcare leaders continue to scale this technology, they’re also challenged with understanding the various regulations around taxation. In our latest insight, we explore how to tax telehealth appointments that cross state lines, the various types of telehealth and more.
Reforecasting Your Budget
7/13/2020
Most organizations have an established budgeting process. Whether the entity uses a robust performance management tool or a spreadsheet, there is likely a thoughtful process to predict the next year’s revenues and expenses. This article from the BDO "Nonprofit Standard" newsletter will give tips and guidance on how organizations can reforecast their own budgets.
IRS Updates FAQs on CARES Act Employee Retention Credits and Payroll Tax Deferrals
7/12/2020
The IRS recently updated FAQs on the Employee Retention Credit (ERC) and payroll tax deferrals under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. These provisions encourage businesses to keep employees on their payroll during the COVID-19 global pandemic.
CARES Act Employee Retention Credit for Hospitals, Medical Groups and Healthcare Providers
7/12/2020
The CARES Act provides several incentives for hospitals and healthcare organizations. The Employee Retention Credit (ERC) is one of them and provides a refundable credit of up to $5,000 per employee to eligible employers.
Tax Season is (Almost) Over - Let Notice Season Begin!
7/9/2020
The IRS's local offices across the nation have been closed for over three months now. That means anything that has to physically be mailed to them during this time will just sit in the office, waiting to be opened when employees are allowed to return. What does this mean for your paper-filed returns?
AICPA Issues Accounting Guidance for PPP LendersTechnical Questions and Answers (TQA) under Section 2130
7/2/2020
PPP lenders have had many questions about how to account for these types of loans and report on their arrangements. The AICPA and its Depository Institutions Expert Panel have released several Technical Questions and Answers (TQA) under Section 2130. We've summarized the TQAs related to PPP Loans here.
CARES Act: Expanded Opportunities for Charitable Giving in 2020
7/1/2020
Included in the CARES Act are three changes to current tax law that impact the effect your charitable giving will have on your 2020 tax returns. These changes were made to not only stimulate the economy but also to encourage Americans to continue to support charitable organizations during these trying times. View these changes in this brief overview.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part IV
6/30/2020
Our webinar provides practical real-world scenarios and focuses on key considerations for PPP loan forgiveness, including the latest guidance on new forgiveness applications, and 8-week vs. 24-week decisions and pitfalls. Access webinar materials here.
WEBINAR MATERIALS: CARES Act Provider Relief Funds for Post-Acute & Long-Term Care Providers, Part II
6/25/2020
The U.S. Department of Health & Human Services has been distributing $175 billion to hospitals and other healthcare providers in response to the COVID-19 pandemic. This webinar will review the terms, tracking, and reporting of these funds to post-acute and healthcare providers. Access webinar materials here.
5 Things PPP Borrowers Need to Do Now
6/20/2020
The Paycheck Protection Plan Flexibility Act further enhances the opportunity for loan forgiveness by expanding requirements on how the loans are spent and extending the period to use the funds to 24 weeks, with the ability to elect the 8-week period if funds were received prior to June 5, 2020. Borrowers of PPP loans should consider taking these steps to maximize the amount and accelerate the timing of loan forgiveness.
What Plan Sponsors Need to Know About Layoffs and Partial Plan Terminations
6/15/2020
While downsizing the workforce can help companies remain afloat, plan sponsors need to understand how these decisions could affect their retirement plans. If layoffs are significant, a partial plan termination may occur and create major financial implications for a plan sponsor.
PPP Loan Forgiveness Assistance
6/11/2020
If your business has received a Paycheck Protection Program (PPP) loan from the Small Business Administration (SBA), you may be concerned about meeting the loan forgiveness requirements. Our team can assist with reviewing forgiveness applications that present questions or need additional analysis and are here to address your questions regarding overall forgiveness.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part III
6/10/2020
Our presentation held on Wednesday, June 10th discussed the Paycheck Protection Program Flexibility Act (PPPFA), properly documenting expenses and answering frequently asked questions so you can maximize your PPP loan forgiveness. Access webinar materials here.
More Flexibility for Paycheck Protection Program Loan Forgiveness and Payroll Tax Deferral (PPPFA)
6/9/2020
The Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010) (PPP Flexibility Act), enacted on June 5, 2020, makes welcome changes to the forgiveness rules for Paycheck Protection Program (PPP) loans made to small businesses in response to the novel coronavirus global pandemic (COVID-19).
Payroll Tax Credits & Deferrals Available Due to COVID-19
6/8/2020
There are many payroll tax credits and deferrals available for employers through the opportunities provided by the Family First Coronavirus Response Act, the Coronavirus, Aid, Relief, and Economic Security (CARES) Act, and other programs. We have created a list of what qualifies for a payment or credit.
Family Wealth Planning in A Time of Uncertainty
6/7/2020
The full impact of COVID-19 is unknown. While we wait for questions to be answered many are asking what can we do right now? What’s next for our families? What's next for family businesses and the people who work for them? Planning for our future generations is the greatest gift we can give, particularly during times of uncertainty.
CARES Act Brings Important Changes to Retirement Plans
6/4/2020
The CARES Act was signed into law on March 27, 2020. The $2.2 trillion emergency package represents a massive fiscal effort to lessen the impact associated with COVID-19 across many sectors of the country. This information provides a brief outline of the provisions within the bill that will have a direct impact on retirement plans, their participants, and their administration.
IRS Providing Changes to FSA's Due to COVID-19
6/1/2020
The IRS has issued guidance on the changes to flexible spending accounts to provide workers with more financial flexibility. Where previously the IRS required a Life Event/HIPAA qualifying event to make changes to flexible spending account Annual Elections, they have made the historical decision to allow employers to offer this mid-year opportunity to make changes available to their employees.
Past Posts By Category
- WEBINAR: Strategies for Maximizing PPP Loan Forgiveness, Part VI
- WEBINAR: CARES Act Provider Relief Funds for Post-Acute & Long-Term Care Providers, Part III
- How Businesses Can Securely Work From Home
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part V
- CARES Act Funds for Governments
- Nonprofit Organizations: Staying Functional and Safe In the Age of Coronavirus
- Strengthening Internal Control in the COVID-19 Environment
- Understanding the Taxation of Telehealth
- Reforecasting Your Budget
- IRS Updates FAQs on CARES Act Employee Retention Credits and Payroll Tax Deferrals
- CARES Act Employee Retention Credit for Hospitals, Medical Groups and Healthcare Providers
- Tax Season is (Almost) Over - Let Notice Season Begin!
- AICPA Issues Accounting Guidance for PPP Lenders
- CARES Act: Expanded Opportunities for Charitable Giving in 2020
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part IV
- WEBINAR MATERIALS: CARES Act Provider Relief Funds for Post-Acute & Long-Term Care Providers, Part II
- 5 Things PPP Borrowers Need to Do Now
- What Plan Sponsors Need to Know About Layoffs and Partial Plan Terminations
- PPP Loan Forgiveness Assistance
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part III
- More Flexibility for Paycheck Protection Program Loan Forgiveness and Payroll Tax Deferral (PPPFA)
- Payroll Tax Credits & Deferrals Available Due to COVID-19
- Family Wealth Planning in A Time of Uncertainty
- CARES Act Brings Important Changes to Retirement Plans
- IRS Providing Changes to FSA's Due to COVID-19
- View All Posts
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