Archive for February, 2021

Tuesday 02/23/2021

Second-Draw PPP Loans Affiliation Rules

As businesses move forward in applying for a second-draw Paycheck Protection Program loan, or PPP2, it is important to remember the maximum loan size is capped at $2 million for businesses, as well as their affiliates. That means the total amount a business and its affiliates can apply for is capped at $2 million. Businesses […]

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Wednesday 02/10/2021

Small Businesses Should Be on Alert for Loan Application Scams

The U.S. Small Business Administration (SBA) has seen an influx of fraud surrounding applications for federal aid. The most common fraud occurring is email phishing where a scammer impersonates the SBA via email with the goal of collecting personally identifiable information (PII). Those who have applied for the SBA’s Economic Injury Disaster Loan Program seem […]

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Tax Credits Available for Manufacturing Businesses: Are You Taking Advantage?

Tax planning isn’t something that just comes around at the end of each year. To ensure your company is taking advantage of all available opportunities to lower your tax responsibility, consider the following as you plan for 2021: Research and Development Tax Credit While any qualifying activity must pass the four-part test (permitted purpose, technical […]

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How a Donor Advised Fund Could Benefit Your Nonprofit

Charitable giving is appreciated at every level. Any time an individual gives, no matter the amount, it is a precious gift. Some donors may be in a position to give to a nonprofit they are passionate about. In this case, a donor advised fund (DAF) might be an effective way to maximize their gifts. Donor […]

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Tuesday 02/09/2021

Donor Thank You Cards: What Requirements Non-Profits Need to Remember

Sending a thank you note after receiving a charitable gift to your nonprofit seems like a simple, but polite, way to recognize a donor. In reality, this acknowledgement is an extremely important piece of the donor/nonprofit relationship. More Than Thank You A thank you note is truly more than just a thank you. The IRS […]

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