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Recent COVID-19 Updates Articles

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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…

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Stay on Top of Potential PPP Tax Concerns & Solutions

By Daniel R. Steinmeyer, MBA, CPA December 7, 2020

This year’s Paycheck Protection Program (PPP) was a life preserver for many companies and for-profit organizations, as well as their employees, as the COVID-19 pandemic ramped up and businesses were forced to close. But there are some potential tax considerations for business owners and pass-through entities regarding the loan program…

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Learn if You Qualify for a Coronavirus-Related Distribution

By Angela Evans November 11, 2020

The coronavirus pandemic has caused many hardships throughout 2020, with health and the economic effects being felt by almost every family in the country. As a result, the government has issued many new aid-providing bills in this timeframe. The most significant of these to date is the CARES Act. While…

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Newly Online Schools May Be Caught in a Nexus Web

By Lee Frank, MBA, CPA November 2, 2020

Now that we are months since the beginning of the COVID-19 pandemic, postsecondary education institutions have had ample time to adjust and adapt to a new reality. The work has not been easy and will remain a challenge, but to paraphrase a cliché we’re hearing a lot this year, there…