Author: Courtney Healy

The Accounting Standard Updates Nonprofits Need to Know

by Courtney Healy

Accounting standard updates for nonprofits

In 2020, the FASB issued a number of accounting standard updates (ASUs) that will impact nonprofit organizations. Below is our roundup of what nonprofit organizations need to know.

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SBA Re-Opens Paycheck Protection Program to Community Financial Institutions First

by Courtney Healy

Outsourced Accounting

The SBA re-opened the PPP loan portal on Jan. 11, initially accepting First Draw PPP loan applications from participating CFIs. On Jan. 13, it opened for Second Draw PPP loans.

  • Posted in Business Articles
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Consolidated Appropriations Act 2021

by Courtney Healy

COVID Tax Relief

H.R. 133 makes consolidated appropriations for the fiscal year ending September 30, 2021, providing coronavirus emergency response and relief. Click the link to learn about the key tax and accounting provisions.

6 Ways to lower your taxes this year

by Courtney Healy

Tax plan

While 2020 winds down, there is still time to reduce your tax burden. Here are six ideas that can save money for most of us. 1. Leverage pre-tax savings. Take advantage of opportunities to set aside income on a pre-tax basis. This includes; Participation in your employer’s retirement savings program. Fully funding Health Savings Accounts […]