ARPA proposes to help “rescue” nonprofits
No one needs to tell nonprofit organizations how tough the past year has been. According to the John Hopkins Center for Civil Society Studies, 7.7% of not-for-profit workers — nearly […]
Category: Articles
Divorce Fraud: When divorcing business owners minimize profits
Dividing a marital estate is rarely easy. But it’s made much harder if a divorcing spouse owns a private business and attempts to artificially deflate its profits or hide assets. […]
Business highlights in the new American Rescue Plan Act
President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best known for the provisions providing relief to individuals, there are […]
What’s in the American Rescue Plan Act (ARPA)?
The American Rescue Plan Act, 2021 (ARPA) was signed by President Biden on March 11, 2021 to help businesses, nonprofits and individuals affected by COVID-19. The legislation extends and expands […]
Nonprofits: Hit your targets with benchmarking
How committed is your not-for-profit organization to benchmarking? Perhaps you think it makes sense in the for-profit sphere, but not as much for charities and other nonprofits. If so, you’re […]
New Guidance on Employee Retention Credit
On March 2, 2021, the U.S. Department of the Treasury (Treasury) and IRS released Notice 2021-20 (Notice), which provides guidance on the Employee Retention Credit (ERC) under the Coronavirus Aid, […]
The Ugly Side of the Precious Metals & Stones Industry
All that glitters isn’t gold. This includes gold — and other precious metals, stones, and jewels that are sometimes used to launder the “dirty” proceeds of criminal activities such as […]
Launching a small business? Here are some tax considerations
While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of these people start out operating as sole proprietors. […]
Updated PPP Rules and New Forms
In February, several changes were made to the Paycheck Protection Program (PPP). On March 3, 2021, the Small Business Administration (SBA) released an interim final rule (IFR) providing guidance on […]
Medicare Accelerated and Advanced Payment Recoupment
Did your facility apply for and receive Medicare Advanced Payments in March or April, 2020? If you answered “YES”, your Medicare Remittance advices will begin to show the recoupments one […]
Rebuilding Your Nonprofit’s Operating Reserves
Events of the past year put a dent in many not-for-profit’s reserves. Perhaps you tapped this stash to buy personal protective equipment or to pay staffers’ salaries when your budget […]
Deepfakes: The Newest Frontier in Fraud
Fraud perpetrators are constantly altering their methods to evade detection. Nimble cybercriminals, for example, are why IT security companies update their software so frequently. The use of deepfakes (a word […]
