Category: Coronavirus Updates

We hope you all are doing well and weathering the storm caused by the COVID-19 pandemic. We want to share a few important updates with our nonprofit clients. There’s a lot going on and things seem to change continually regarding PPP updates for nonprofit organizations. ...

The employee retention credit is a refundable credit of 50% of up to $10,000 in qualified wages (qualified health plan expenses included), or a maximum of $5,000 per employee.  This credit is available against wages paid from March 12, 2020 through December 31, 2020.  Ther...

Before the novel coronavirus (COVID-19) pandemic struck, employees who suspected occupational fraud in their organizations had multiple options for notifying their employers. For example, they could use interoffice mail to send information anonymously or meet with HR personn...

We have clients that continue to be resilient and have had minimal impact to their business so far as a result of COVID 19.  Many businesses either have applied or are considering applying for the PPP loan because of continued uncertainty in their business.  As part of the...

Congress passed the CARES Act and a big part of it was the Paycheck Protection Program (PPP) loans.  If you spent the PPP money on payroll costs plus rent and utilities or mortgage interest, you could have the money spent from the PPP loan on these costs forgiven.  We’ve...

Many businesses were unprepared when the novel coronavirus (COVID-19) pandemic required them to close their physical offices and shift to remote operations. Your company, for example, may have had to scramble to set up a virtual private network (VPN) or move files to the clo...

This webinar was recorded on April 24, 2020 and featured Boyum Barenscheer CPAs discussing PPP Loan Forgiveness - Who, What, Where and Why to Spend the Money.  The one hour presentation was followed by 30 minutes of Q&A.  ...

To help you navigate through the new SBA Loan opportunities and the tax provisions resulting from this and the CARES Act, we have provided you with a list of Frequently Asked Questions....

As unemployment and financial insecurity become widespread during the novel coronavirus (COVID-19) crisis, many not-for-profit donors find themselves unable to provide monetary support to favorite charities. Instead, your organization may receive offers of gifts in kind (GIK...

Seems on the surface that all business operations have been interrupted or affected by the COVID-19 pandemic.  Is the interruption in business and the economy covered by Business Interruption (BI) insurance?  Seems only logical that it would be covered due to the interrupt...

This recorded webinar titled "HR & COVID-19 Legislation Part 1:  Navigating FFCRA, Work Rules and Benefits in the Coronavirus World" was presented on April 9, 2020 by Penny Phillips, Attorney with Fellhaber Larson....

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn....