Strategies for PPP Loan Forgiveness
Since the signing of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law in March, a number of interim rules have been issued by the Small Business Administration (SBA) significantly changing provisions of the Paycheck Protection Program (PPP) and providing needed clarification. Even with additional guidance from SBA and more time to use…
Webinar Series: The Indirect Rate Toolkit for Nonprofits with Federal Grants – Part III
Building on the first two webinars in the series, this session provides a nonprofit federal award recipient an example and walkthrough of how to build an indirect rate using the Department of Health and Human Services (HHS) Indirect Cost Rate Proposal template. The example uses the post-audit trial balance and the Statement of Functional Expense…
Virtual Audits in a Time of Crisis
As the industry moves towards a paperless environment, the virtual or remote audit is becoming more popular. Is it right for your organization? If your organization is considering it for the first time in the midst of the COVID-19 crisis, what should you consider and how should you start to implement virtual practices? FAR hosted…
Strategies for Nonprofit Fundraising During a Global Crisis
Many charitable organizations find themselves in a time of crisis as the global economy slows to accommodate social distancing. The good news? The most recent economic recession taught us that staying connected with donors, remaining focusing on the organization’s mission and becoming even more strategic about fundraising efforts will help organizations survive most disruptive events….
Maximizing PPP Loan Forgiveness
This webinar led by our tax and accounting experts walked participants through the PPP loan requirements for forgiveness. They provided practical steps you should follow to allow your organization to achieve its forgiveness goals and develop a workable plan for the future. Topics: SBA rules for PPP loans and criteria for forgiveness Applying for loan…
Webinar Series: The Indirect Rate Toolkit for Nonprofits with Federal Grants – Part II
The second webinar provides participants with an overview of the Cost Principles, Subpart E to Uniform Guidance. The cost principles provide the framework for direct and indirect cost allocation, the reasonableness criteria, offsets for related revenue, and what is allowable (or not an allowable) reimbursement on federal grants and cooperative agreements. Topics Understanding the categories…
Employee Benefit Plan Update & Red Flags for Administrators to Know
This webinar is an overview of the changes that will occur with retirement plan audits under the new standard issued by AICPA, SAS No. 136 Forming an Opinion and Reporting on Financial Statement of Employee Benefit Plans Subject to ERISA. This webinar discussed how the roles as administrators of the plan will change during the audit…
COVID-19 Response for Individuals, Small Businesses and Nonprofits
Individuals, small businesses and nonprofits are all feeling the impact of the COVID-19 crisis. With news and information coming from many different directions, it is difficult to understand how to respond when it comes to taxes, cash flow, workforce planning, IT security and general crisis management ― all while working remotely. GRF CPAs & Advisors…
Digital Transformation for Nonprofits
Digital technology is changing the way organizations operate. In 2020, digital disruption offers a number of benefits, but the risk associated with transformation is real and addressing that risk should be a top priority on your Enterprise Risk Management plan. The good news? With careful planning and coordination, nonprofit and association leaders can take action…
Webinar Series: The Indirect Rate Toolkit for Nonprofits with Federal Grants – Part I
The first webinar of the series will provide participants with an overview of the impact of UG on indirect rates and allocations for preparing a nonprofit indirect cost rate proposal. The presenters will provide definitions of direct vs. indirect costs, explain the new 10% de minimis indirect rate, and provide guidance on extending negotiated indirect…