Updated April 1, 2020 While the nonprofit sector is waiting for the U.S. Small Business Administration (“SBA”) to issue regulations and open up the application process for Payroll Protection Program (“PPP”) loans, banks have been hustling to finalize their procedures for the application process. It is expected that lenders will be able to begin accepting… Read more »
Updated March 29, 2020 Thanks to the CARES Act, enacted on Friday, March 27, 2020, many nonprofit organizations will soon be able to access even more funding through the U.S. Small Business Administration (SBA) programs. We’re still waiting to find out more details on the latest programs (Paycheck Protection Program and Emergency Economic Injury Disaster… Read more »
Updated March 20, 2020 Cheshire Law Group is monitoring the spread of COVID-19 and its impact on our communities. We take seriously the health and well-being of all of our nonprofit clients, and to help those that are first responders on the frontlines, we have put together a list of funding available and designed to… Read more »
Last month, the Office of the Attorney General of New York (AG) filed a lawsuit naming an accounting firm as a defendant in a charity fraud case. The lawsuit serves as a warning shot that regulators may look beyond officers, directors, and trustees when exercising their authority to oversee charitable organizations.
In February, the IRS began alerting nonprofits that they could also be potential targets in a bold new tax scam. Nonprofits, including schools and hospitals, have fallen victim to this newest email scam, according to the IRS. What emails should nonprofits watch out for? The “Executive Director” sends an email to an employee in the… Read more »
Pennsylvania laws require extensive child abuse history clearances for volunteers who have direct contact with children. As of July 1, 2015, new laws simplified the process for obtaining background certifications, and made other significant changes to reduce the burdens on organizations and their volunteers. See the Pennsylvania Department of Human Services website for more about the… Read more »
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