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CARES Act Assistance Programs Available to Nonprofits
image credit On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law. The CARES Act provides $349 billion in benefits for small businesses, including...
View ArticleBlack Lives Matter; Make a Difference By Giving
AdHoc said it best: For everyone that is feeling outraged by the multiple lives that have been lost at the hands of the police, we’d encourage you to channel that anger into action. For some, that...
View ArticleCharity Scams (and How to Avoid Them)
The act of giving triggers the release of feel-good endorphins in the brain, a helper’s high, as some call it. And charity scammers know it. That’s why they prey on people’s inherent predisposition to...
View Article9 Strategies to Help You Avoid Common Charity Scams
How common are online charity scams? The internet, social media, and email have made it easier to stay informed and connected with friends, family, and businesses. Unfortunately, these technologies...
View ArticleCryptocurrency Donations for Nonprofits and Donors
As the popularity of cryptocurrency continues to grow, more and more donors are making cryptocurrency donations. As a result, cryptocurrency donations can provide significant tax benefits to...
View ArticleInternational Charity Fraud Awareness Week 2021
This week is International Charity Fraud Awareness Week is organized by a global coalition of charities, regulators, law enforcement agencies, representative and umbrella organizations, and other...
View ArticleBeneficial Ownership Reporting under the Corporate Transparency Act
In a bid to enhance corporate transparency and combat illegal financial activities, Congress enacted the Corporate Transparency Act (the “CTA”) in 2021. The CTA introduces new reporting requirements...
View ArticleNew Rule for Classifying Independent Contractors
Beginning on March 11, 2024 a new rule goes into effect changing how businesses will classify their workers. Last month, the U.S. Department of Labor (DOL) announced the final rule for classifying...
View ArticleNew Elective Pay Rules for Exempt Organizations
Last month, the Treasury Department and IRS released final regulations on the elective pay rules under the Inflation Reduction Act of 2022 (IRA). The IRA introduced new rules allowing tax-exempt...
View ArticleFTC’s New Rule Banning Non-Competes
In April 2024, the Federal Trade Commission (FTC) issued a final rule banning non-competes nationwide. The FTC has determined that non-competes are an unfair method of competition and thus a violation...
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