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The Internal Revenue Service has provided guidance for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program.
The latest COVID-19-related stimulus bill, the American Rescue Plan Act, has passed and awaits signing by President Biden. What does this legislation mean for you individually or as an employer?
New SBA questionnaires request information related not only to the economic condition of the borrower at the time it received the PPP loan but also about its economic experience after receiving the loan.
Tennessee’s nonprofit organizations will soon be eligible for $150 million in grants as part of COVID-19 recovery efforts. Funds will be issued through the Tennessee Community CARES Program to Tennessee nonprofits that are assisting in relief efforts related to the ongoing health and economic impact of COVID-19.
The latest revisions to the tax code will bring welcome relief to nonprofit organizations.
New guidance from the FASB means that nonprofit groups can use the same methods available to private companies for reporting goodwill and certain identifiable intangible assets after a merger or acquisition.
KraftCPAs team members helped sort and pack more than 20,000 lbs. of food as part of a project with Second Harvest Food Bank of Middle Tennessee on Sept. 21.
Operating a nonprofit in today’s environment is challenging; increasingly, organizations are finding solutions through collaboration.
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“KraftCPAs has the experience and specialized training to provide us with the high quality, professional audit and tax services we need. They are always current on any new IRS rulings and give sound advice for best practices. They conduct their work with integrity and are very responsive when we have questions or seek advice.”
Scott Perry, The Memorial Foundation
