McClintock Minute


Recent COVID-19 Updates Articles


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

By Kimberly Cravotta, FAAC® February 18, 2021

NOTE: Following new guidance, we updated this article on March 17, 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…


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…