What could your church do with an extra $7,000? What about $7,000 per employee per quarter? Many church leaders overlooked the Employee Retention Credit (ERC) in their rush to apply…
Tag:
paycheck protection program
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Church ManagementNonprofit AccountingNonprofit Management
Does Your Organization Qualify For A Second Draw PPP Loan?
The Paycheck Protection Program (PPP) has been extended for additional loans by the Small Business Administration (SBA) for eligible organizations as part of the Consolidated Appropriations Act, 2021 (CAA). The…
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Church ManagementNonprofitNonprofit Management
The Paycheck Protection Program Flexibility Act Of 2020, Explained
by Clay Harmonby Clay HarmonOn June 5, Congress passed an amendment called the Paycheck Protection Program Flexibility Act of 2020 (PPPFA), which made several changes to the Paycheck Protection Program (PPP). These changes were…
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Church ManagementNonprofit AccountingNonprofit Management
Track Your Paycheck Protection Loan And Covered Expenses In Your Accounting
Over the past two weeks, 1.6 million businesses, nonprofits, and churches have applied for the Paycheck Protection Program. If this is your organization, it is important to ensure you track…
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Church ManagementNonprofitNonprofit Management
How To Apply For A Paycheck Protection Program Loan
by Clay Harmonby Clay HarmonThe SBA issued guidance to local banks last week that helps them understand the process and lending requirements that they will follow to issue the $349 billion in forgivable paycheck…
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Church ManagementNonprofitNonprofit Management
How Nonprofits And Churches Can Use The Paycheck Protection Program
by Clay Harmonby Clay HarmonUpdate (4/8/20): New Post – How nonprofits and churches can apply for the Paycheck Protection Program Updates (4/7/20): The SBA has answered more questions to clarify guidelines for the Program.…
