by Dave Moja | May 20, 2020 | Tax Tips |
ISSUE Guidance for charting/tracking payroll costs for Paycheck Protection Program (PPP) Loan Forgiveness has been issued in the instructions for the Small Business Administration’s (SBA) PPP Loan Forgiveness Application. SITUATION Idaho Theological Seminary (ITS) is...
by Dave Moja | May 13, 2020 | Tax Tips |
ISSUE The most recent allocations from the Higher Education Emergency Relief Fund (from CARES Act Section 18004(a)(3)) has provided a “game changer” for a number of schools. SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue...
by Dave Moja | May 6, 2020 | Tax Tips |
ISSUE The SBA has clarified whether expenses paid for housing allowances could be included in “payroll costs” when figuring the amount of spending on covered costs during the 8-week period after receiving PPP funds. This can be important for applying for “PPP...
by Dave Moja | Apr 29, 2020 | Tax Tips |
ISSUE In these interesting times of “social distancing,” is it possible to host a fundraising event for donors and stakeholders of your institution? SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3)...
by Dave Moja | Apr 15, 2020 | Tax Tips |
ISSUE Last week, the U.S. Department of Education began sending out letters and other information with regard to the CARES Act’s Higher Education Emergency Relief Fund (HEERF). Does your school qualify for some funding? SITUATION Troas Bible College (TBC) is a...
by Dave Moja | Apr 8, 2020 | Tax Tips |
ISSUE With the interesting opportunities for loans – that may turn into grants through forgiveness – what can I spend these funds on? SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
