Updates to the Employee Retention Tax Credit

tax credits

Below you will find a summary outlining the three Acts impacting the Employee Retention Credit (ERC), including the most recent changes implemented by the American Rescue Plan Act of 2021. The Coronavirus Aid, Relief, and Economic Security Act (CARES) enacted on March 27, 2020 provides an Employee Retention Credit to employers to keep their employees on payroll. An eligible…

Read More

PPP Deadline Extension plus Other Program Updates

The PPP Extension Act of 2021 has been formally signed by President Biden, which extends the Paycheck Protection Program through May 31, 2021. The program, originally scheduled to expire on March 31, 2021, will continue accepting applications until May 31, 2021. We would like to note that May 31, 2021 is Monday, Memorial day so applications…

Read More

The Importance of Insurance Coverage Audit

Insurance is a fact of life for real estate investors. From start to finish, each project needs to have the proper insurance. The time to wonder whether you’re properly insured is before there’s an issue. To be safe, hiring a qualified professional to help conduct an insurance coverage audit may be necessary. This article reviews…

Read More

Nisivoccia School Business Administrator (SBA) Roundtable Discussion

On March 26, 2021, Nisivoccia hosted a School Business Administrator (SBA) Roundtable discussion. Partners at Nisivoccia Kathi Mantell, Heidi Wohlleb, Valerie Dolan, and Man Lee were presenters on the panel, along with Sheryl Leidig of Wayne Public Schools, Robin Tedesco of Mount Arlington Public Schools, and Alicia Valverde-Mesa of Morris Hills regional School District. The…

Read More

Virtual CMFO Roundtable March 19, 2021

Our Managing Partner, Bud Jones, hosted a Virtual CMFO Roundtable on Friday, March 19, 2021. Nisivoccia Partners John Mooney and Ray Sarinelli were also presenters on the panel. Jon Rheinhardt of Borough of Wharton, Chris Battaglia of Borough of Caldwell, John Buck of Municipal Software Inc., Fred Knapp, Esq. & Jonathan McMeen of Laddey, Clark and…

Read More

Nonprofit Audit Preparation: 6 Ways to Save Time and Money

Although the idea of undergoing an external audit may not be appealing, it is a valuable tool for demonstrating your nonprofit’s financial condition to stakeholders — perhaps more important than ever in the shadow of COVID-19. Here are some preparatory steps you can take to make the annual audit process less expensive and disruptive. 1.…

Read More

Fraud Awareness and Prevention

fraud prevention

November 15 – 21, 2020 is International Fraud Awareness week. Being aware of fraud and implementing good practices in your organization should not be reserved for one week per year, but practiced all year long. Learn more about our Forensic Accounting Services. Organizations worldwide lose an estimated 5 percent of their annual revenues to fraud,…

Read More

Nisivoccia Virtual CMFO Roundtable Recording

certified financial officer roundtable

Our Partner, Bud Jones, hosted a Virtual CMFO Roundtable on Monday, November 9, 2020.  Jon Rheinhardt of Borough of Wharton, Chuck Cuccia of Township of Little Falls, Matt Jessup, Esq., McManimon, Scotland & Baumann LLC, Julie Kupilik and Adam Brewer of Pequannock Township joined the webinar as panelists. The topics of discussion included Financing Your COVID-19…

Read More

Fall 2020 Nonprofit Observer Newsletter

Nonprofit observer

Click to access the Fall 2020 Nonprofit Observer Newsletter. Articles in this issue include: Reduce your costs to cope with COVID-19 Audit prep: 6 ways to save time and money Corporate matching programs: Still popular after all these years FASB proceeds with guidance on gifts in kind  

Read More

FASB Finalizes Guidance on Gifts in Kind for Nonprofits

hands holding present

Many nonprofits rely on contributions of nonfinancial assets, such as fixed assets (land, buildings, equipment), services, and materials and supplies. New rules from the Financial Accounting Standards Board (FASB) are intended to increase transparency around such donations. The FASB is finalizing a new standard on handling gifts-in-kind donations. It released a proposed Accounting Standards Update…

Read More