WATCH: “Nonprofit Internal Controls in the Remote Working Environment”
Fraud can affect any organization, no matter the size, location, or industry. Internal controls are more important than ever in this uncertain environment. In this webinar presentation, Kari Young, CPA and special guest Kristin Short from Oregon Pacific Bank discuss … Read more…
Tax Brief: Form 990, Schedule I Grants and Other Assistance
The IRS Form 990’s Schedule I is designed to provide information about a not-for-profit organization’s giving of grants and other assistance to domestic individuals, governments and organizations. This includes cash grant awards, non-cash assistance, scholarships, stipends, and other similar payments. … Read more…
FTE Calculation and Its Affect on PPP Forgiveness
If you have received funds under the Paycheck Protection Program (PPP), you need to know the importance of Full-Time Equivalent (FTE) employees with regard to your loan forgiveness. The borrower’s count of FTE employees during their covered period is divided … Read more…
Single Audit Implications of CARES Act Funding
In response to the COVID-19 pandemic, many not-for-profit entities applied for relief funding made available through the CARES Act. Two of the most common forms of funding are loans made through the Paycheck Protection Program (PPP) and Economic Injury Disaster … Read more…
Summary of CAT for Affordable Housing Partnerships/LLCs
What is CAT (a.k.a. the Student Success Tax)? Oregon’s new Corporate Activity Tax (CAT) is imposed on businesses for the privilege of doing business in this state. The CAT is not a transactional tax, such as a retail sales tax, … Read more…
Tax Brief: Form 990, Schedule A: Public Charity Status and Public Support
For many non-profit organizations, Schedule A is the most important part of the Form 990 Return of Organizations Exempt from Income Tax. Organizations that are described in Internal Revenue Code Section 501(c)(3) and are public charities must complete Schedule A. The … Read more…
Jones & Roth CPA Fritz Duncan Partners with NW Affordable Housing Organizations
By Sophia Bennett Sophia is a freelance business writer based in Eugene, Oregon. Her work has appeared in Oregon Business, 1859 Oregon’s Magazine and many other publications. The moment when a family steps into their new home for the very … Read more…
