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Blogging Beyond the Numbers

Posted by: Hannah Lanser 8 months ago
1. Budget As you budget for the rest of your fiscal year or the next, the best practice right now is to create multiple scenario budgets ranging from most to least likely. Take into consideration giving trends from previous years compared to this year, variable and fixed costs, PPP loans (if applicable), and timing of expenditures. The regular budgeting process is just not very practical these days. ...
Posted by: Christin Biermeier 8 months ago
PPP Loan Forgiveness Application & Instructions Click here to download the Paycheck Protection Program Loan Forgiveness Application (06-16-2020) (Spanish version) Click here to download instructions for the Paycheck Protection Program Loan Forgiveness Application (06-16-2020) PPP EZ Loan Forgiveness Application & Instructions Click here to download the Paycheck Protection Program E...
Posted by: Melodi Bunting 9 months ago
On June 17, 2020 the U.S. Small Business Administration (SBA), released a revised Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act, as well as an EZ version.  The EZ version applies to the following borrowers: Self-employed, independent contractor, or sole proprietor who had no employees at the time of the applicationThose who did not reduce annual...
Posted by: Kate Serpe 10 months ago
If you received a Paycheck Protection Program (PPP) loan, we want to inform you of the most recent update released from the Small Business Administration (SBA) in the PPP FAQs Sheet. In summary, the answer states that any loans received that do not exceed $2 million will be deemed to have made the required certification concerning the necessity of the loan request in good faith. The safe harbor repaym...
Posted by: Melodi Bunting 11 months ago
In just this past week, the Payment Protection Program (PPP) exhausted funding, the Economic Injury Loan program stopped accepting loan applications and a number of states extended stay at home orders.  This volume of changes heightens the uncertainty and leaves us with so many unanswered questions.  We want you to know we will continue to be here for your organization.  We will continue to ...
Posted by: Hannah Lanser 11 months ago
On April 3, 2020, the U.S. Small Business Administration (SBA) released a FAQ addressing many of the questions for faith-based organizations applying for the Paycheck Protection Program (PPP) loans and the Economic Injury Disaster Loan Program (EIDL). The FAQ confirmed that faith-based organizations are eligible for these loans and are exempt from the affiliation rules if the affiliation is solely base...
Posted by: Melodi Bunting 11 months ago
Recent legislation offers a number of resources for not-for-profits (NFP).  That is the good news!  The more challenging news is the fluidity and volume of information.  Two pieces of legislation that can potentially provide economic relief for NFPs are the Families First Coronavirus Response (FFCRA) Act passed on March 18, 2020 and the Coronavirus Aid, Relief, and Economic Security (CARES) ...
Posted by: Pete Oettinger 11 months ago
Below is the SBA form to apply for the new Payroll Protection Program (PPP) loans administered by the SBA.  Clients should compute the proper information needed on the form and be ready to submit the form to their local banker beginning on Friday April 3rd.  Please let us know if we can be of any assistance in helping you complete the form.  You may contact Melodi Bunting, Kate Serpe, or...
Posted by: Kate Serpe 11 months ago
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The act includes a number of different programs and provisions to assist small businesses get through this difficult time.  Of the $2.2 trillion stimulus package, $350 billion has been allocated to a program called the Paycheck Protection Program (PPP).  Below is additional information tha...