by Dave Moja | Aug 12, 2020 | Tax Tips |
ISSUE The Small Business Administration (SBA) released new PPP FAQs on August 4, 2020. We wish they were more robust. One of the issues covered is offers to rehire workers and how that works with the potential reduction in FTE. SITUATION Marathon Bible College (MBC)...
by Dave Moja | Aug 5, 2020 | Tax Tips |
ISSUE As a follow-up to last week’s “Tax Tips,” let’s look closer at one of the safeguards that the IRS and “Security Summit” noted in their reports. Part 2 of the Security Summit Tips for Tax Professionals is entitled, “Use Multi-Factor Authentication to Protect...
by Dave Moja | Jul 29, 2020 | Tax Tips |
ISSUE Cybersecurity should be a priority for your institution. The Department of Education has specific requirements under the Gramm-Leach-Bliley Act. The IRS is in the process of releasing a five-part report on cyber protection when working remotely. SITUATION...
by Dave Moja | Jul 22, 2020 | Tax Tips |
ISSUE Each year, the IRS releases their listing of the “Dirty Dozen” tax schemes/scams. This year’s list is peppered with COVID-19 scams. SITUATION Denali Christian College (DCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | Jul 15, 2020 | Tax Tips |
ISSUE There is a lot going on these days. And, the rules and compliance requirements continue to get more complicated and convoluted. Keeping up with what the IRS and other government agencies is doing is imperative. Have you heard about the IRS’ “Exempt...
by Dave Moja | Jul 8, 2020 | Tax Tips |
ISSUE The initial guidance on when Higher Education Emergency Relief Funds were to be spent was along the lines of, “promptly and to the greatest extent practicable… by one year from the date” of the recipient institution’s “Certification and Agreement” for the...
