By: Jennifer Babcock, CPA Cordell, Neher & Company, PLLC  Tax-exempt organizations recently received clarifying guidance and final regulations on statutory amendments and certain grants of reporting relief that were previously issued by the Treasury Department and the Internal Revenue Service (IRS) in 2019. The 2019 update was part of an effort to localize reporting requirements…

Managing cash flow during a crisis and beyond By Kyle Meissner, CPA Cordell, Neher & Company, PLLC   Your cash flow is the financial story of your business. It tells the story of your high points and low points, when and where the money comes in and goes out, and is the lifeline of your…

Nonprofit Impacts and Opportunities Amid COVID-19 By: Jennifer Babcock, CPA Cordell, Neher & Company, PLLC COVID-19 is challenging organizations in unprecedented ways. By looking at the following numbers, we can see just how fragile the current environment is for nonprofit organizations. Stay in place orders are affecting everyone, but not equally. Many locations are stranded…

Tips and Considerations for Small Businesses Applying for an SBA Disaster Loan   Small businesses are now eligible for up to $2 million in Economic Injury Disaster Loans from the Small Business Administration (SBA). President Trump has called for an additional $50 billion in funding to the SBA’s lending program from Congress. While the $50…

For immediate release: March 27, 2020 Paycheck Protection Program The CARES Act includes provision for SBA loans for small businesses and full loan forgiveness The CARES Act signed March 27, 2020 includes $349 Billion in funding for loans to help small businesses meet their overhead obligations in the face of COVID-19 related shutdowns and other…