New Thresholds and Regulations in 2021 for New York Nonprofits
By Walt Derengowski, CPA, CFE, Partner, Audit Signed into law in 2013, the New York Nonprofit Revitalization Act (NPRA) introduced statutory requirements for nonprofit organizations registered with the Attorney General’s Charities Bureau and those that conduct charitable solicitations in New York, regardless of where they are incorporated. The intent of NPRA is to reduce the…
PPP Application Deadline Extended in New Law
On March 30, 2021, President Biden signed legislation to extend the application period of the popular Paycheck Protection Program (PPP) through May 31, 2021. This followed a bipartisan 92-7 vote in the U.S. Senate to pass the Paycheck Protection Program Extension Act of 2021. PPP History The CARES Act established the Paycheck Protection Program (PPP) last…
Protecting Payroll Records From Cybercriminals
No matter the size or industry, most U.S. businesses are vulnerable to cyberattacks — both from inside and outside the company. Among the data targeted are employee payroll records. Just imagine the consequences if your company’s employee records were compromised: Worker’s personal information might be used to perpetrate identity theft, your company’s accounts might be hacked…