The CARES Act liberalizes net operating losses

The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law. Here’s a look at how the rules for claiming certain tax losses have been modified to provide businesses with relief...

Treasury Releases Favorable PPP Economic Need Certification Guidance

UPDATED:  On May 13th, the Treasury and SBA have released favorable guidance for the PPP economic need certification.  They have also clarified that an employer that applied for a PPP loan, received payment, and repays the loan by the safe harbor deadline (May 14,...

Congress expands small business COVID-19 relief

IMPORTANT NOTE:  The PPP program is now replenished for round two. We encourage all eligible small businesses to apply now through their financial institution or through an online lender as the funds will quickly run out. While the EIDL program also received funding,...

Donor care during the COVID-19 pandemic

One of the many challenges of operating a not-for-profit organization during the coronavirus (COVID-19) pandemic is that just when you desperately need financial support, many donors are unable to help. Widespread unemployment, stock market volatility and general...
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