For organizations which did not receive a loan under the Paycheck Protection Program, payroll relief may be available under the Employee Retention Credit program established in Sec. 2301 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

When your organization is thrown into crisis mode, you might find yourself pulled in endless directions as you try to put out fires before they spread. This style of leadership will quickly sap your energy physically, mentally, and spiritually. For this reason, it’s important you build and improve your endurance as a leader. Without endurance you’ll only be equipped for short sprints when the challenge might require a marathon of crisis management.

As described in NLI’s previous posts, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) establishes a Paycheck Protection Program (“PPP”) designed to provide forgivable loans to help businesses survive the economic strain due to COVID-19.Eligibility for the PPP loans is based on several elements, including the organization’s size.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act offers religious nonprofits a valuable tool in this time of crisis: increased tax incentives for donors making charitable contributions.

The Internal Revenue Service (IRS) recently extended deadlines for a variety of tax payments and filings (collectively, “Tax Obligations”). The extension impacts taxpayers, including exempt organizations, which had Tax Obligations due on or after April 01, 2020 and before July 15, 2020 (the “Covered Period”).