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FFCRA Compliance for Q2

Every employer must comply with the Families First Coronavirus Response Act, which gives two weeks of paid leave for COVID-related absences that occur between April 1 and December 31, 2020. The leave is funded by the federal government. The paid leave is reported on the employer’s quarterly Form 941 — so if you use an… Read More »FFCRA Compliance for Q2

PPP Forgiveness Updates

On June 5, the Paycheck Protection Program Flexibility Act was signed into law, extending the time period during which employers have to use the funds and have their loan forgiven. When the PPP was originally designed in March, the expectation was that businesses and organizations would be back to full operation by the end of… Read More »PPP Forgiveness Updates

SBA PPP Loan Bookkeeping

The SBA’s Paycheck Protection Program works through local banks to support small businesses and non-profits with a forgivable loan to cover eight weeks of payroll, rent and utilities.  Each recipient will be required to document the use of the funds in order to seek forgiveness of the loan.  Step-by-step instructions for QuickBooks entry simplifies the reporting:… Read More »SBA PPP Loan Bookkeeping

QuickBooks 2020

If you’re using QuickBooks 2017 or earlier, you may have received notices about your software support being discontinued at the end of May.  Support for QuickBooks 2017 will end on May 31, 2020.  What’s the cheapest way to update?  If you are not using the payroll features, the older versions will continue to function.  However,… Read More »QuickBooks 2020

Paycheck Protection Program

The third legislation, the CARES Act includes a program that provides resources for small businesses and non-profit organizations to keep their employees on their payroll.  The funding is in the form of a loan that will be forgiven if it is used for payroll and eligible expenses during the eight weeks after the loan is… Read More »Paycheck Protection Program

Coronavirus and COVID-19 Safety

First of all, your safety and public health!  As our usual ways of gathering and working have drastically changed in this pandemic, we have had to adapt quickly.  Although our churches are considererd “essential businesses,” it’s essential that we eliminate or limit shared workspaces and add cleaning protocols. Second, I’ve heard from many of you… Read More »Coronavirus and COVID-19 Safety