PPP Loan Forgiveness and Workplace Reentry

Read on for follow up to the May 21st webinar on PPP Loan Forgiveness and Workplace Reentry and for some more updates. Yesterday’s webinar recording is available here. This is clunky, but start the video at 34 seconds - - in further evidence that I should keep my day job as an attorney! We are working on an update on the Q&A and will post that to our website early next week. Workshop Opportunities Jeff Femright will hold workshops on the Loan Forgiveness Application next week and you can sign up here: May 26 at 10am or May 27 at 11am Sarah Kissel will hold [...]

By |2020-05-22T20:11:29+00:00May 22nd, 2020|COVID-19|Comments Off on PPP Loan Forgiveness and Workplace Reentry

COVID-19 Response Q&A on Thursday and Other Updates

Join the Scholz Nonprofit Law team for more updates and tips as we focus on PPP loan forgiveness and workplace reentry.  This Thursday, May 21st at 10am, we will host another session of the COVID-19 Response Q&A to review and troubleshoot the forgiveness application, give tips on policies for reopening nonprofit workplaces and programs, and be available to answer other questions.  Register here.  Feel free to email questions in advance to Melissa, Jeff, or Sarah. Find the application here: PPP Loan Forgiveness Application Additional Q&A webinar opportunity tomorrow, Wednesday May 20th at 2pm. You also are invited to a Q&A hosted [...]

By |2020-05-22T20:11:53+00:00May 20th, 2020|COVID-19|Comments Off on COVID-19 Response Q&A on Thursday and Other Updates

Update on EIDL Online Application

 The EIDL program (run through the SBA online portal) recently received an additional $60 billion in funding from Congress. At this time, we are aware that the SBA has not re-activated the online EIDL application at SBA.gov. It appears SBA is working through an existing back-log of applications before reopening the application process. We will keep an eye on it and let you know if it opens up.

By |2020-04-29T14:58:31+00:00April 29th, 2020|COVID-19, Nonprofit|Comments Off on Update on EIDL Online Application

Updates, Our Upcoming Webinar & Weekly Summary

Dear clients, friends and Madison nonprofit community: We continue to think of you and focus our efforts on digesting the ever-changing news during this difficult time. To be more mindful of everyone's limited time and effective in our efforts to help nonprofits, we are scaling back our posts through this channel to a (mostly) weekly format to highlight new developments from the week. We will highlight the resources and articles added to our website throughout the week with links to the fuller content. Additionally, we will use this channel to announce urgent news as it is available. This week, [...]

By |2020-05-22T20:12:08+00:00April 20th, 2020|COVID-19|Comments Off on Updates, Our Upcoming Webinar & Weekly Summary

Expanded Incentives for Charitable Giving

You may have heard a lot about the CARES Act and its direct financial assistance for small businesses, nonprofits and employees. The CARES Act includes a number of other important provisions, including ones that encourage charitable giving from both individuals and corporations. We are already seeing individuals and businesses contribute to the COVID-19 response in important ways – these incentives can help encourage more of that. Above-the-line charitable contribution deduction. Under this new charitable giving incentive, individuals can deduct up to $300 of donations, even if they don’t itemize on their tax return. This means that a lot more [...]

By |2020-04-16T23:31:06+00:00April 16th, 2020|COVID-19, Public Charity|Comments Off on Expanded Incentives for Charitable Giving

Federal Funding Available to Offset Reduced Staffing

Since the CARES Act was enacted on March 27, there has been a storm of information about how the federal government is assisting businesses, nonprofits, and employees. An overlooked area of the CARES Act is the federal subsidy to state-based short-time compensation agreements. Wisconsin has a short-time compensation program called Wisconsin's Work-Share Program. A work-share program provides employees with partial unemployment insurance (UI) benefits when their employer has temporarily reduced worker hours. The employees with reduced hours receive a pro-rated UI benefit to offset this reduction in paid wages, implemented by the employer in lieu of laying off workers. Wisconsin's Work-Share Program's general [...]

By |2020-04-16T23:39:44+00:00April 13th, 2020|COVID-19, Employment|Comments Off on Federal Funding Available to Offset Reduced Staffing

SBA Loan and Employment Guidance

Hello friends and colleagues, Thanks to the support of the Madison Community Foundation, over the past two days, Scholz Nonprofit Law has hosted several seminars on the Coronavirus Aid Relief and Economic Support Act (“CARES”), and related options for financial support and sustainability during these challenging times. If you want to listen to a recording of the seminar, see here. We focused our seminar on two topics (i) SBA loan programs available to nonprofits, and (ii) employment challenges nonprofits are facing. Jeff Femrite discussed (i) the SBA’s Paycheck Protection Program (“PPP”) loans (which may be totally forgiven if used [...]

By |2020-04-16T23:31:19+00:00April 8th, 2020|COVID-19, Employment, Nonprofit|Comments Off on SBA Loan and Employment Guidance

CARES Act Impact on Nonprofits

Dear clients, better known as friends and colleagues: We know this is a difficult time for so many, personally, as well as for your organizations. Know that we’re concerned and thinking of you! We are keeping track of opportunities for assistance for nonprofits and will keep providing information as it becomes available (and we have the chance to digest it). For today, below is a brief summary of provisions of the federal Coronavirus, Aid, Relief, and Economic Security (CARES) Act that apply to nonprofits. As we learn more details, we will keep updating the Scholz Nonprofit Law blog. The [...]

By |2020-04-16T23:31:31+00:00March 29th, 2020|COVID-19, Employment, Nonprofit|Comments Off on CARES Act Impact on Nonprofits

Updates to FFCRA, effective April 1

All employers with fewer than 500 employees, including nonprofits, must provide two weeks of paid leave and likely are required to provide up to 12 weeks of paid FMLA under FFCRA. Employers will be paid back by the government through a payroll tax offset or additional refunds. The only exemption for the FMLA paid leave is for employers with 50 than fewer employees for whom this obligation would jeopardize their viability. We have no details on that at this point so all employers should assume they will be required to do this and get reimbursed. Details below. Notice requirements [...]

By |2020-03-29T14:00:42+00:00March 27th, 2020|COVID-19, Employment, Nonprofit|Comments Off on Updates to FFCRA, effective April 1

COVID-19 Response Update

The past two weeks have been….a lot. It has been a shake-up for all of us personally and is certainly impacting the nonprofit community. We want to support our community in these difficult times and will send out periodic updates. As a start: Our team remains available to assist as your organization pivots in the wake of this COVID-19 crisis. While our office is temporarily closed, all members of our team are available to you by email, mobile phone or teleconference. See contact information below. We are monitoring emerging laws affecting the nonprofit community and will share resources that [...]

By |2020-03-29T14:01:44+00:00March 25th, 2020|COVID-19, Employment, Nonprofit|Comments Off on COVID-19 Response Update