The IRS announced that it will extend all nonprofit filing deadlines (i.e., exempt organization filing deadlines). Due to the coronavirus pandemic, all IRS forms that exempt organizations are required to file between now and July 14, 2020 will now be due on July 15, 2020. For example, a nonprofit organization with a December 31 year …
In addition to the relief provided to nonprofits by the Federal Government, discussed in more detail on our COVID-19 resources webpage and in earlier blogs, Governor Gavin Newsom has unveiled new resources to help small businesses, including nonprofits, in California. Loan Guarantees for California Nonprofits California is allocating $50 million for loan guarantees to small …
Yesterday’s launch of the Paycheck Protection Program (PPP) was a chaotic mess. More frequently than not, nonprofit executives and business owners were frustrated by their inability (at no fault of their own) to apply for PPP loans. PPP to Aid Distressed Nonprofits The PPP was approved by Congress last week to provide forgivable loans to …
Since the recent enactment of legislation providing COVID-19 relief to nonprofit organizations, a flood of information has deluged the Internet and inboxes about how to partake of that relief. Most of that is about the Payroll Protection Program, the forgivable loan available to small businesses including nonprofits. Unfortunately, some of this information has been incorrect, …
Relief is on the way for nonprofits affected by the COVID-19 pandemic, including forgivable loans.
The world will be a different place when the COVID-19 pandemic subsides. But the world will still be here. At that time, there will be work to be done, needs to be met and new opportunities for all of us who don’t succumb to negativity, paralysis or panic. As one of the most successful species …
