Nonprofits

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Monitor Overtime Pay for Your Remote Workers: DOL Guidance

Paying your employees for hours that you know they’ve worked is straightforward enough. But what if they’re doing more work…

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Additional Guidance on Deferral of Employee Social Security Taxes Released

On August 28th, the IRS released guidance on the President’s Executive Memorandum regarding the deferral of employees’ social security payroll…

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PPP Loan Forgiveness Expenses – Update on Owner Compensation and Related Party Expenses

On August 25th the Treasury Department issued additional guidance related to owner-employees and related party rents and mortgages. The Small…

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1099 Reporting Change for 2020

ALERT: For those using QB, the recent maintenance update for QB includes the changes necessary to process the 1099-NEC Forms. …

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Executive Order Delaying Payments of Employee Social Security Taxes

On August 8, 2020, President Donald Trump issued a presidential memorandum allowing employees to defer the social security portion of…

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Additional PPP Forgiveness Guidance Released

On August 11th the SBA released additional Frequently Asked Questions specifically related to the expenses eligible for PPP loan forgiveness. …

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New Regional Sales and Use Tax in Central Virginia Region

Effective Oct.1, 2020, a new 0.7% regional retail sales and use tax will be levied in localities in Central Virginia….

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Employees Working at Home? Rethink Your Space Needs

For some employees, working from home is a personally liberating experience that contributes to greater productivity. For others, not so…

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Monitor These 3 Things as Your Nonprofit’s Priorities Change

Several months into the COVID-19 crisis, most not-for-profit organizations have formulated at least a temporary plan for sustaining operations. But…

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ERISA Notices During the COVID-19 Crisis

Here’s a question about the timing of ERISA Group Health Plan communication during the pandemic. Q: We understand that the…