Timely Opportunities Blog
Preparing for an Employee Benefit Plan Audit
Not all Employee Benefit Plans are created equal and not every plan requires an audit. An employee benefit plan audit (EBP) is an audit of the plan’s financial statement. The
IRS Delays Tax Deadline to May 17
Late yesterday, the IRS announced it extended the annual federal tax deadline by roughly a month, from April 15 to May 17. The deadline extension allows filers additional time to
Comprehensive COVID-19 Relief Package Passed
On March 10, 2021, the U.S. House of Representatives passed a modified version of the American Rescue Plan Act of 2021 (ARP bill), President Biden’s $1.9 trillion COVID-19 relief package
United States Congress Passes $1.9 Trillion American Rescue Plan
On Wednesday, March 10, the United States House of Representatives passed a $1.9 trillion coronavirus relief package. The legislation, which was approved earlier by the Senate, is expected to be
Biden Announces Updates to Paycheck Protection Program Distribution, Eligibility
Earlier today, President Biden announced a series of updates to the Paycheck Protection Program, intended to help minority-owned and very small businesses that may have missed out on prior PPP
Coronavirus Relief Package at a Glance
The Consolidated Appropriations Act, 2021, passed by Congress and signed by President Trump, is a $2.3 trillion spending bill that combines a nearly $900 billion coronavirus aid package with a
Coronavirus Relief Package at a Glance for Nonprofits
The Consolidated Appropriations Act, 2021, passed by Congress and signed by President Trump, is a $2.3 trillion spending bill that combines a nearly $900 billion coronavirus aid package with additional
New State COVID-19 Relief, Federal Stimulus Packages
United States Congress & Michigan State Legislature Pass New Stimulus, COVID-19 Relief Bills Aimed to Help Struggling Michiganders & Businesses Earlier this week, a pair of bills passed in the
Why your nonprofit must make time for accountability
“Accountability” may seem like one of those popular management concepts you know would be nice to implement if your not-for-profit had the time and budget. But not only is accountability
Nonprofit boards must remain vigilant as long as the crisis continues
It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues have plummeted. Until the COVID-19 pandemic is over, your organization’s board of