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by David J. Manbeck For nonprofits struggling to stay afloat and pay staff amid the COVID-19-induced economic shutdown, the recently enacted Coronavirus Aid, Relief and Economic Security (CARES) Act provides needed relief. From reimbursing nonprofits for employee payroll and healthcare costs to helping with unemployment cost, the CARES Act assists in the following five key […]

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Notes from your CPA: New tax law requires strategic refresh for nonprofits

06-13-2019

by Kyle R. Evans, CPA Tax experts agree: adjusting to new accounting standards and the effects of the 2017 Tax Cuts and Jobs Act can make the nonprofit world more confusing – and challenging. That’s why it’s essential for a CPA or other financial adviser to serve as your nonprofit’s partner and guide year-round to […]

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by David J. Manbeck   You love your job with a nonprofit organization. You believe strongly in the good work you do every day. But there’s one part you do not love — the annual audit. Pennsylvania statute says charitable nonprofits with contributions of at least $750,000 must undergo an annual independent audit by a […]

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by Edward J. Straley   In June 2018, the Financial Accounting Standards Board culminated a four-year review with new rules for revenue recognition by nonprofits. While the new standard, known as ASU 2018-08, did not substantially change the way that nonprofit organizations identify and report revenue, it did clarify the standard rules and provided better […]

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By David J. Manbeck No matter the mission of a charitable organization, those running it share a common trait: They became involved in the nonprofit world out of a desire to do good. But some organizations focus so much on the mission that they neglect the “taking-care-of-business” side of running a nonprofit.  If they’re not […]

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By David J. Manbeck, CPA and Donna M. Mullin, J.D., CPA Effects of the 2017 Tax Cuts and Jobs Act on nonprofit charities may boil down to a straightforward question: Why do people donate as much as they do? Some nonprofits are nervous that an increase in the standard deduction may mean a decrease in […]

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The Department of Labor identified no exceptions for nonprofits or charitable organizations. With the overtime rules taking effect Dec. 1 — midway through the fiscal year — it will likely require many nonprofits to reexamine their budgets and how they are allocating resources.

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PPP Loan Forgiveness Workbook

With this download, you will receive a total of 4 documents. Two simplified and two average, one for weekly and one for monthly/semi-monthly. Use the document that works best for your company.