Most organizations have taken advantage of the PPP loans, which have been instrumental in helping organizations stay afloat during the pandemic. Many agencies, however, are not aware of the Employee Retention Tax Credit (ERTC). The ERTC was part of the original CARES...
If you are a nonprofit school serving students in any grade K-12, you may be eligible for EANS
Guest Article: WHERE STORIES, DONATIONS, AND QUARANTINE LIFE MEET
AUDIT COMMITTEE BOOTCAMP WRAP UP
News Flash! Exempt Organizations may actually have to pay income tax
GIFTS IN KIND – NEW RULES
NY State DOL Changes Unemployment Regulations
Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-09 – Revenue Recognition – Not-for-profit (“NFP”) entities (including private schools )
Nonprofit Trends 2021
OMIG Changes Certification Requirements
According to the OMIG website, providers that receive Medicaid payments no longer have to perform an annual certification with the OMIG each December.
New CFR Claiming Manual and Software
Guest Article: Let’s Talk About “Reasonable” Cybersecurity
Aug 20, 2021
New privacy regulations are making cybersecurity a legal requirement Let’s start with the good news. Many states within the USA are implementing privacy regulations to protect our individual data. As individuals this is good for us. Finally, companies will face...
BEWARE NEW LEASE ACCOUNTING RULES…
Aug 20, 2021
The accounting world is never dull, despite what outward appearances and unfair stereotypes may lead one to believe. The Financial Accounting Standards Board (FASB) continually strives to improve the transparency, usefulness, and understandability of financial...
The Next Normal
Aug 20, 2021
As we emerged from 2020 into 2021, there were high hopes that we were returning to some level of normalcy. COVID vaccines were, restrictions were loosening up, and employees were starting to go back to work. It seemed we had weathered the storm. Fast forward eight...
Board Responsibilities
Aug 20, 2021
Every nonprofit organization has a board of directors. Every nonprofit organization also has key management personnel. The board of directors govern the organization and its management to ensure that the mission of the nonprofit is being met and it is management’s...
Arts & Culture – Employee Retention Tax Credit (ERTC)
Aug 11, 2021
Most organizations have taken advantage of Paycheck Protection Program (PPP) loans since the initial passage of the CARES Act in early 2020. This rings especially true for those in the arts and culture area, which has experienced tremendous downturns in revenue due to...
Shuttered Venue Operators Grant
Aug 9, 2021
The Shuttered Venue Operators Grant (SVOG) program was established to aid venues, performing arts centers, museum operators, movie theaters, and similar organizations affected by the COVID-19 pandemic. This program includes over $16 billion to be distributed by the...
Cerini Nonprofit Connection: Vaccination Policies
Jul 30, 2021
July 2021 Cerini Nonprofit Connection Topic: Vaccination Policies Ken Cerini and guests Susan Kreeger, CEO/Founder of RealHR and Doug Rowe, Partner of Certilman Balin covered workplace vaccination policies - both from an HR and legal perspective! (inforamtion as of...
NFP Update 2021
Jul 30, 2021
June 29, 2021 Cerini & Associates, LLP, a leader in providing accounting and auditing services to nonprofits, held their virtual annual Nonprofit Update conference virtually. The major focus during this half-day training was on what the “Next Normal” for the...