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CARES Act made changes to excess business losses

  The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may be opportunities for [...]

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The possible tax consequences of PPP loans

  If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax [...]

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The President’s action to defer payroll taxes: What does it mean for your business?

  On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These actions were [...]

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Main Street Lending Program now open to nonprofit applicants

  Last week, the Federal Reserve announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending Program. Previously open only to for-profit [...]

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Even if no money changes hands, bartering is a taxable transaction

  During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your business [...]

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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 [...]

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Fortunate enough to get a PPP loan? Forgiven expenses aren’t deductible

  The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection Program (PPP) loan. Specifically, an expense isn’t deductible [...]

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Is Your Non-Profit’s Tap Running Dry?

  The novel coronavirus (COVID-19) crisis has put enormous financial stress on many not-for-profits — whether they’re temporarily shut down or actively fighting the pandemic. If cash flow [...]

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Navigating Revenue Sources as a Non-Profit Organization

  To survive the current crisis, your nonprofit needs multiple revenue sources. One of the strongest predictors of a not-for-profit’s long-term survival is multiple revenue streams. Many [...]

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Improved Back-Office Administration for Culver’s franchises

  Introduction Early in 2020, we set out to identify and develop the most efficient, cost-effective, and user-friendly process to manage Culver’s franchisees back-office administration. This [...]

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