by John Heveron It has been well publicized that accounting for leases is changing dramatically, but most of us are just getting our first hands-on experience with this change. The new rules are being implemented for calendar year 2022 and
Independent Contractor V. Employee Guidance yet Again
by John Heveron The US Department of Labor has proposed changing how workers get classified as employees or independent contractors again. Changes under the Trump administration made it easier for businesses and nonprofits to classify workers as independent contractors by
IRS mileage rates for 2022
The IRS just announced the mileage rates for 2022 After decreasing two years in a row, the rate by which taxpayers may compute their deductions for costs of using an automobile for business purposes will go up to 58.5 cents
What you need to know about 1099 Preparation for 2021
In prior years when you paid $600 or more to individuals and unincorporated businesses for services, you were required to issue a form 1099MISC. That form still exists and must be used for certain payments, such as rents, royalties, and
1099s for Consumers?
Question: As we are assisting consumers with disabilities using COVID CARES Act funds, do we need to send the consumers a 1099 if the total for 2021 is over $600.00? IRS doesn’t just say that all charitable payments to individuals
Brief financial updates
CFDA (Catalog of Federal Domestic Assistance) numbers quietly disappeared and were replaced with Assistance Living Numbers. Let your search engine track down “Why Unrestricted Funds Matter”, a great article on the benefits of unrestricted funds. Update your “responsible person” information
Why Unrestricted Funds Matter
What is unrestricted funding? Two philanthropy experts explain Genevieve Shaker, IUPUI and Pamala Wiepking, IUPUI Unrestricted funds are grants or donations nonprofits get to spend any way they believe is appropriate to further their mission. Unrestricted funding can also come
Can I use grant funding to establish incentive programs? New FAQ released.
Recently our key funder, ACL, released information on using grant funds to purchase incentive items as part of the program of a center. While this FAQ answers the pressing question of incentives related to CDC and ACL funds and COVID-19,
What can the DSE keep in administrative fees for distributing our Part B, Independent Living Services grants?
The regulations are clear on this. 45 CFR 1329.12 Role of the designated State entity states: (a) A DSE that applies for and receives assistance must: (1) Receive, account for, and disburse funds received by the State under Part B
Answering the questions of the new CIL Executive Director
Do you remember your first day on the job? That flutter of excitement and apprehension? The navigation of new terms and new requirements that no one warned you about? We offer technical assistance to a new Executive Director in a