Making Long-Term Decisions About Working From Home

It can be a tough scenario to confront: First you sent your employees home to work remotely due to the COVID-19 pandemic. Now they want to stay there permanently. Should you allow employees to work from home more than they have in the past? Or do you think “This just isn’t working” for one or…

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Federal Tax News

1. The deadline for the third 2021 estimated tax payment is coming up on September 15. Changes in the economy brought by COVID-19 include a new crop of self-employed persons, such as gig-economy workers. Like most people with income that isn’t subject to withholding, these workers may need to make estimated tax payments for the first…

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Deadline Coming: Follow Up on Your PPP Loans

Payroll Protection Plan (PPP) loans were a lifeline for many small business owners during the worst of the pandemic-driven economic slowdown. In total, the Small Business Administration (SBA) approved nearly 12 million PPP loans, averaging $67,000. The PPP program stopped accepting loan applications on May 31, 2021. However, you still may need to complete the requisite…

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What Your Donors Need to Know About Taxes and Contributions

Photo of cash with a paper cut out on top that reads "Charitable Giving"

The heightened fundraising needs many nonprofits are feeling right now make it important that potential donors understand the tax benefits they stand to reap. Here are some of the advantages you should convey to encourage their support. QCD benefits Qualified charitable distributions (QCDs) — also known as IRA charitable rollovers — have become more popular…

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Post-Covid Not-for-Profit Best Practices

The past 15 months or so have been a challenging time for not-for-profits. In addition to pivoting to a virtual workplace, not-for-profits had to deal with changes to their fundraising efforts as well as changes in societal perceptions about diversity and social responsibility. Some of these changes will stay with us even as we edge…

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Nonprofits Are Not Immune From Conflict

Contrary to popular belief, nonprofits operate like any other business. Problems can arise from similar financial, marketing and technology issues. And, there are personnel issues as well. At nonprofits, conflicts sometimes arise between the executive director and one or more board of directors’ members. Dissent at the highest level of leadership can be a difficult…

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5 Steps for Surviving Tough Financial Times

businesses-avoid-late-payments

The COVID-19 pandemic has greatly disrupted the overall economy, with unprecedented state government expenses, historic job losses, shuttering of businesses and volatile stock markets. The implications for nonprofits that rely heavily on state funding and individual and business donations are obvious. In the past year, we have seen various relief and recovery packages been put…

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Accounting Matters: Keep the Heart of Your Nonprofit Beating

Your accounting department is the heart of your nonprofit. Although departments such as programming or fundraising may seem to have more obvious relationships with your nonprofit’s mission, your accounting function ensures that the whole organization runs well — and remains healthy over the long term. Indeed, accounting inefficiencies and chronic processing delays can make everyone’s…

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NJEDA Opens Pre-registration for Phase 4 of Small Business Relief

The New Jersey Economic Development Authority (NJEDA) announced Phase 4 of the Authority’s Small Business Emergency Assistance Grant Program on Wednesday, April 14, adding $85 million in funds from the CARES Act. Phase 4 will provide grants up to $20,000 to New Jersey small and medium sized businesses and non-profits that have been negatively impacted…

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