coronavirus

nonprofit strategically cutting costs

Reduce Your Costs to Cope with COVID-19

Nonprofits of all kinds once again face a nationwide economic crisis, this time caused by the COVID-19 pandemic. The challenges are daunting, but previous recessions may provide a road map…

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unemployment and working from home tax implications

Tax Implications of Working from Home and Collecting Unemployment

COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations: working from home and collecting unemployment.…

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delayed financial reporting

On-Time Financial Reporting is Key in Times of Crisis

Many companies are struggling as a result of shutdowns and restructurings during the COVID-19 crisis. To add insult to injury, some have also fallen victim to arson, looting or natural…

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transfer wealth

Current Conditions are Favorable for Cost-Effective Wealth Transfers

The ongoing novel coronavirus (COVID-19) pandemic has taken a terrible toll on the economy. But the current low-interest-rate environment coupled with depressed asset values means that now may be a…

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CARES Act Retirement accounts

How Does the CARES Act Affect Your Retirement Accounts?

As individuals continue to deal with the impact of the novel coronavirus (COVID-19) pandemic, the Coronavirus Aid, Relief and Economic Security (CARES) Act contains some retirement-related provisions to help ease…

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business tax relief

The CARES Act Offers Tax Relief for Businesses

When it was signed into law in late March, the Coronavirus Aid, Relief and Economic Security (CARES) Act was the largest stimulus package in U.S. history. The law contains numerous…

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construction planning for the future

Apply the Lessons of Crisis and Prepare for the Future

The COVID-19 pandemic is unlike any other crisis we have faced in decades. As contractors continue to work back toward normalcy, it’s critical to learn from recent experience and apply…

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CARES Act

CARES Act: Don’t Overlook 2 Valuable Provisions

The federal government has enacted various pieces of legislation providing relief to employers, including nonprofits, suffering financially due to the COVID-19 pandemic. While much of public attention has focused on…

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CARES Act

CARES Act Provisions May Boost Cash Flow

The Coronavirus Aid, Relief, and Economic Security Act (known as the CARES Act) may be best known for its provisions designed to shore up the economy as the nation copes…

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economic impact payments

Some People are Required to Return Economic Impact Payments that were Sent Erroneously

The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. These are the payments being sent…

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