Shuttered Venue Operators Grant (SVOG) Updates The Small Business Administration (SBA) has updated the SVOG Post-Application Guidance and the Post-Award Frequently Asked Questions. These documents apply to both non-federal entity recipients (these include nonprofit entities, state and local governments and Native American tribes, and institutions of higher education) and for-profit recipients. Included in the updates made by SBA…
Creating a Legacy By Jeff Schroeder, Partner In recent years, I’ve been focused on two main areas of practice: privately owned businesses and not-for-profit organizations. It’s at the intersection of these two topics that we come to the topic of today: creating a legacy. What do we mean when we talk about legacy? Often the…
When a Not-for-Profit Organization Should Hire an Accountant. By Jessica Freiburg, Managing Partner Today, we’re going to talk about when a not-for-profit organization should hire an accountant. First of all, I want to say that it’s great that you’ve created a not-for-profit organization. Whether you’re helping animals, feeding the hungry, or working with a medical…
President Biden signed the Inflation Reduction Act into law at a White House ceremony on August 16, finalizing a legislation intended to address inflation by paying down the national debt, lower consumer energy costs, provide incentives for the production of clean energy, and reduce healthcare costs. The bill moved through the legislative process in near-record…
By Adam Cole and Andrea Espinola Wilson Nonprofit organizations have been navigating change in almost every aspect of their operations over the past two years, including shifting priorities, a new employment landscape, and changes in fundraising and hosting programs and events. As organizations continue to reimagine what their futures will look like, donor engagement strategies…
By Judy Canavan & Mike Conover In the face of the “Great Resignation” and rising inflation, organizations are taking a second look at the size of their salary increase budgets. For the last decade, budgets for merit increases have hovered around 3%. Now, salary increase budgets are on the rise to levels not seen in…
By Norma Sharara & Mike Conover InsightAs a result of the final regulations, some employers may be able to request refunds for overpaid taxes in past years using the relief provided. The publication of final regulations limits interpretive flexibility. Therefore beginning in 2022, increased consideration should be given to these requirements as the IRS began…
For-Profit SVOG Recipients In February 2022, the Small Business Administration (SBA) issued updated Post-Application Guidance for Shuttered Venue Operators Grant (SVOG) applicants, as well as Post-Award Frequently Asked Questions (FAQs). The SBA also issued a new set of Post-Award FAQs, which contain answers to many common compliance-related questions for the program. The Post-Application Guidance, among…
