First, you should know that if you took a first-round PPP loan that did not exceed $150,000, SBA has just released a simplified forgiveness form-just one page with key information, but with no requirement to document payroll or other costs
Have you completed your 1099s? There is a new form 1099 NEC
What is nonemployee compensation? by John Heveron If the following four conditions are met, you must generally report a payment as NEC. You made the payment to someone who is not your employee. You made the payment for services in
Tips for your first single audit
by John Heveron Will this be the first year you are subject to compliance auditing? If so, the following information will help you prepare. If you expend (not receive) $750,000 or more of federal funds in a fiscal year, you
CARES Act funds used for Transition, Diversion, and related Housing costs
As Kelly Buckland, NCIL ED says it, “Affordable, accessible housing or the lack of it, is the biggest barrier to transitioning people from congregate settings.” He clarified with ACL/OILP that centers can use CARES Act funding to assist individuals transitioning