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Recent COVID-19 Updates Articles

HEERF Audit Guide for Proprietary Institutions: Key Takeaways

HEERF Audit Guide for Proprietary Institutions: Key Takeaways

By Michael T. Wherry, CPA April 23, 2021

This article was published in the May 2021 issue of Career Education Review and reproduced here with permission. Article originally posted at careereducationreview.net. As we frequently say in our office, “Don’t ask questions that you don’t want the answer to” — and the issuance of the Guide for Compliance Attestation…

Employee Retention Credit: Can Your Business Claim It?

Employee Retention Credit: Can Your Business Claim It?

By Lee Frank, MBA, CPA March 31, 2021

Businesses and institutions that were able to retain employees throughout the difficult months of 2020 may be eligible for a beneficial tax credit created by the CARES Act and extended by further coronavirus relief legislation. But employers should pay special attention to recent IRS guidance that provides some key details…

Signing the Statement of Educational Purpose Amid COVID-19

Signing the Statement of Educational Purpose Amid COVID-19

By Kimberly Cravotta, FAAC® February 18, 2021

Recently, we have been receiving questions from institutions whether electronic signatures are acceptable for the Statement of Educational Purpose (SEP). Under normal circumstances, students sign this document at an institution’s financial aid office or in front of a notary public, making a “wet,” or physical, signature. However, with pandemic measures…

Summarizing HEERF2 Application and Implementation Provisions

Summarizing HEERF2 Application and Implementation Provisions

By Michael T. Wherry, CPA January 21, 2021

This article was originally published in the March 2021 issue of Career Education Review and reproduced here with permission.  Article originally posted at careereducationreview.net. If you’re getting a sense of déjà vu, you’re probably not alone, as more coronavirus relief programs with some familiar names are top of mind for…

HEERF Annual Reporting Primer

HEERF Annual Reporting Primer

By David B. McClintock, CPA January 20, 2021

During 2020, the Higher Education Emergency Relief Fund (HEERF), included as part of the wide-ranging CARES Act, provided a lifeline to institutions of higher education and their students. As the policy and requirements for both the student and institutional grants evolved over the year, schools were required to post regular…