COVID-19
Updated Paycheck Protection Program: What it Means for Nonprofits
In the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (“Economic Aid Act”), included in the omnibus appropriations bill signed into law on December 27, 2020, Congress extended and modified the existing Paycheck…
COVID-19 Resource: Nonprofit Board Action Without In-Person Meetings
As nonprofit boards navigate the COVID-19 crisis, it’s vital to understand how your organization’s board can continue to make important decisions without meeting in person. The laws in most states allow board meetings to be…
DC Council Updates Emergency Leave Requirements
DC Council Updates Emergency Leave Requirements The DC Council has passed and DC Mayor Bowser has signed into law DC Act 23-328, emergency legislation that combines into one act and extends numerous earlier emergency laws…
New SBA Guidance on the PPP Certification
The SBA this morning published a new frequently asked question (FAQ) about how the agency will review the required good-faith certification concerning the necessity of a loan request under the Paycheck Protection Program (PPP). Importantly,…
990 and Other Filing Deadlines Extended to July 15
Ordinarily, organizations are required to file the Form 990 on the 15th day of the 5th month following the end of their fiscal year. For tax-exempt organizations that operate on a fiscal year ending December…
SBA Extends “Safe Harbor” for PPP Loan Repayment
The SBA last night published a new frequently asked question (FAQ) on the Paycheck Protection Program (PPP), extending the safe harbor period to repay a PPP loan by one week, to May 14, 2020. This…
SBA Guidance Addresses When a PPP Loan is “Necessary” and Announces Special Review of Loans Exceeding $2 Million
Since our last update on the Paycheck Protection Program (PPP), the Small Business Administration (SBA) has published additional guidance about the PPP that may be of interest to those 501(c)(3) organizations who are considering applying…
New DC Paid Sick Leave Requirements and DOL FFCRA Corrections
On April 10, 2020, the D.C. Mayor signed emergency legislation, effective through July 9, 2020, which requires employers with between 50 and 499 employees to provide additional paid sick leave to their DC employees for…
FFCRA Updates and Clarifications from the DOL and IRS
In changes to its Frequently Asked Questions (FAQs) issued last week as well as in temporary regulations issued on April 1, 2020, the U.S. Department of Labor (DOL) has continued to update, revise, and clarify…
Key Takeaways from SBA Issuances on Paycheck Protection Program
Since we published last Wednesday’s blog post summarizing the Paycheck Protection Program (PPP) and other COVID-19 relief programs made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Small Business Administration…
The CARES Act Offers Relief for Nonprofit Organizations
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law on Friday, offers several opportunities for nonprofit organizations to obtain financial relief in the face of the COVID-19 crisis, particularly relief intended…
DOL Guidance on New Leave Available Under the Families First Coronavirus Response Act
The U.S. Department of Labor (DOL) has issued a number of materials interpreting and implementing the new employee leave provisions enacted as part of the Families First Coronavirus Response Act. In an earlier article, accessible…
Providing Disaster Relief During the COVID-19 Crisis
With mass closures of schools and businesses leaving many individuals and families struggling to meet basic needs, how can nonprofit organizations help? First and foremost, we hope you are staying well. All of us are…
DC Council Includes New Leave for Employees in COVID-19 Response Legislation
As part of the COVID-19 Response Emergency Amendment Act of 2020 passed by the D.C. Council and signed by the Mayor on March 17, 2020, D.C. has temporarily amended the DC Family and Medical Leave…
Key Components of the Families First Coronavirus Response Act Applicable to Employers
On Wednesday night, President Trump signed into law the Families First Coronavirus Response Act. Effective April 2, 2020 (15 days after enacted) and set to sunset on December 31, 2020, the law enacts new provisions…