COVID-19

The SBA has answered some frequently asked questions regarding the participation of faith-based organizations in the CARES Act Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL). The FAQs clarify that faith-based organizations are eligible to receive PPP and EIDL loans without sacrificing their religious autonomy or First Amendment protections. Read the full…

April 1, 2020 | The Treasury Department released the application for relief under the Paycheck Protection Program today, as well as a fact sheet for borrowers.

On March 27 the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law to provide relief to individuals and businesses affected by the novel coronavirus, COVID-19 pandemic. There are a number of provisions that apply to nonprofit organizations, including churches and religious organizations, from an employment standpoint, an economic relief standpoint,…

Earlier this month, Congress passed the Families First Coronavirus Response Act (FFCRA) to provide paid leave to qualified employees who need to miss work for specific reasons related to coronavirus. The FFCRA goes into effect on April 1 and expires December 31, 2020. Importantly, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into…

On March 27, 2020, the president signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), a $2 trillion aid package designed to provide individuals, nonprofits, and businesses relief while they recover from the effects of the COVID-19 pandemic. While the focus of the legislation is not tax related, several tax provisions are included…

Dear Clients, Colleagues and Friends, I am praying for all of our clients this morning with the constantly changing COVID-19 situation around the world. It is an unprecedented time — a time that, for many, is filled with uncertainty. I want you to know you have our commitment to continue providing you with the services…