By Paul Scholz, Managing Partner Every year we have many clients who ignore their taxes until the last possible moment. Sometimes its unavoidable, like when you are waiting on K-1 forms or other documents that are necessary to complete your taxes and you have no control over when you receive them. Often though, it’s [...]
There is also additional money available from the Small Business Administration (SBA) for a new round of loans part of the Paycheck Protection Program (PPP) loans courtesy of the Emergency Coronavirus Relief Act of 2020. Here's what you need to know about PPP Loan Funds: Requirements to Take Out a 2nd PPP Loan If [...]
The right nonprofit financial management team and reporting solution can be a critical driver of efficiency and visibility; the wrong solution can be a critical roadblock to strategic improvement. In accordance to “Close the Books” Survey Results – 2020 Edition, by Sage Intacct and our extensive experience with nonprofit outsourced accounting services, here are five [...]
In the mission-driven nonprofit world, accounting and financial management can sometimes slip down the priority list. It’s not always easy to allocate budget dollars to back office infrastructure that doesn’t directly support the nonprofit agenda, and it’s even harder to find the time and expertise to make it all work. Consider some of the obstacles: [...]
O&S is pleased to announce the firm has made the list of 10 Best Companies for Women 2020 by DataBird Business Journal, a second year in a row. The ranking is based on what employees reported about their workplace. Explore the List
On Friday, March 27, 2020, the President signed into law the CARES Act, which contained $376 billion in relief for American workers and small businesses. Currently, as directed by the CARES Act, the U.S. Small Business Administration (SBA) is offering several assistance options for small businesses.
In IRS Notice 2020-23 released late last night, the IRS has adjusted the due date of the 2020 second quarter estimated tax payments from June 15 to July 15, 2020.
We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout.
Most emergency stimulus grants and loans will probably be administered through the SBA. You can apply for SBA disaster loans now. However, we have found the servers at the SBA are “down for maintenance”.
After a deluge of comments from the public, we now have conformity (mostly). The IRS announced that both the tax payment due dates AND the filing dates for tax returns have been pushed back to July 15.
