Updates

Key tax filings and deadlines for 2023

Dear Scholz Nonprofit Law clients, current and past, and friends in the community: Thank you for the opportunity to work with you. We greatly appreciate the contributions you make in the community and the trust you place in us to assist you. We look forward to being able to serve you in 2023. May the year ahead be a productive, effective, and fulfilling year for all of you! With this email, we want to remind our readers that all nonprofits have an obligation to submit various reports to the IRS and to the state each year. Below is an [...]

By Melissa Scholz|2023-01-16T23:17:45-06:00January 16th, 2023|501(c)(3), Nonprofit, Taxes|Comments Off

Election 2022: 501(c)(3)s Can Help!

With Election Day coming up on November 8th, I want to make sure you know the ways 501c3 organizations can be involved in helping people to vote. That’s not “political” or lobbying– just straight-up education and charitable work to ensure that everyone has a voice in our democracy and the election is robust, fair, and serves the public interest. 501c3s can educate and facilitate voter registration Ask your program participants if they’re registered to vote and give them information Help them get registered online or with the paper form Explain the documentation that is needed to register and to [...]

By Melissa Scholz|2022-10-25T20:57:53-05:00October 25th, 2022|Uncategorized, Voting|Comments Off

Explanation of key tax filings and their deadlines

Dear Scholz Nonprofit Law clients, current and past, and friends in the community: Thank you for the opportunity to work with you. We greatly appreciate the contributions you make in the community and the trust you place in us to assist you. We look forward to being able to serve you in 2022. This is a reminder that all nonprofits have an obligation to submit various reports to the IRS and to the state each year. Below is an explanation of these key tax filings and their deadlines: 1) Form 1099 - You may be required to issue [...]

By Melissa Scholz|2022-01-21T21:38:36-06:00January 21st, 2022|Nonprofit, Taxes|Comments Off

OSHA’s Emergency Temporary Standard (ETS)

Please note that the stay placed on OSHA's Emergency Temporary Standard (ETS) was lifted on December 17, 2021. While there may be additional delays, we encourage all employers with 100 or more employees, to proceed with compliance of the ETS, noting the new January 10, 2022 deadline for these employers to release compliant policies. Please visit their updated website for more information. For more guidance on compliance, please review our slides and recorded update on our website.

By Melissa Scholz|2021-12-21T18:38:42-06:00December 21st, 2021|COVID-19, Employment|Comments Off

SCORE Offers Seminars & Mentoring for Nonprofits

Beginning in September SCORE will offer a series of 10 seminars focused on developing and sustaining nonprofits. The first five sessions address important internal structures and operations. Then in October and November the emphasis will shift to outreach and fundraising. Participants will have a choice of in-person or online Zoom attendance. Cost is $20 per person per session. In person attendance is open to fully-vaccinated participants who will also be asked to wear a mask and to social distance during the workshop. Topics include: September 8, 2021 – Starting & Developing a Successful Nonprofit September 16, 2021 – Board [...]

By Melissa Scholz|2021-08-17T18:52:54-05:00August 17th, 2021|COVID-19, Nonprofit|Comments Off

SBA to Open its Own PPP Loan Forgiveness Portal

On Wednesday, July 28, 2021, SBA announced a new initiative to encourage borrowers with PPP loans of less than $150,000 to apply for loan forgiveness sooner rather than later. SBA notified banks (which were responsible for issuing PPP loans) that SBA is setting up its own online portal so that borrowers can apply for loan forgiveness directly with SBA. The SBA portal will likely be more streamlined and require less documentation than the banks’ loan forgiveness process. If you have questions, please contact Jeff Femrite at [email protected].

By Melissa Scholz|2021-07-29T19:08:22-05:00July 29th, 2021|COVID-19|Comments Off

EMPLOYERS UPDATE: Bonuses and Other Incentives for Vaccinated Employees

Employers can mandate employees get the COVID-19 vaccine subject to reasonable accommodations for employees with disabilities, medical conditions, or a sincerely held religious belief. But many employers instead want to offer bonuses and other incentives to vaccinated employees. The EEOC has confirmed that employers may offer vaccination incentives to employees as long as the incentives are “not so substantial as to be coercive.” Employers may offer these incentives to employees to provide documentation or other confirmation of vaccination from a third party, such as a pharmacy or health department. Request only proof of vaccination; be clear you do not [...]

By Melissa Scholz|2021-06-02T20:30:53-05:00June 2nd, 2021|Uncategorized|Comments Off

What You Need to Know About Restaurant Revitalization Fund Grants

Registrations begin on Friday, April 30, 2021, at 8 a.m. CDT and the application portal is scheduled to open on Monday, May 3, 2021, at 11am CDT. For the first 21 days, the Small Business Administration (SBA) will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. Apply ASAP! Here’s the link to register with the SBA. If you prefer to listen, check out this webinar for a step by step guide. Follow along as Jeff completes the application (available here.). Below is an overview but many questions are answered here [...]

By Melissa Scholz|2021-04-29T22:53:57-05:00April 29th, 2021|Uncategorized|Comments Off

Tax credits for providing paid leave to employees who take time off related to COVID-19 vaccinations

FOR EMPLOYEES Getting the vaccine does NOT mean you have to take hours off work to travel to, wait for, receive and recover from the COVID-19 vaccine. Ask your employer about paid time off for receiving and recovering from the COVID-19 vaccine. Even if you already receive paid time off through employment, Employers with less than 500 employees can provide paid sick leave to their employees at NO COST to the organization. The paid leave for employees is up to $511 per day (based on employee's standard wage) for up to 10 days from now through September 30, 2021. To [...]

By Melissa Scholz|2021-04-23T19:46:52-05:00April 23rd, 2021|COVID-19, Employment|Comments Off

SBA Announcements: PPP Funding & SVOG Program

Current PPP Funding May Not Make It To May 31, 2021 SBA has indicated funding for the Paycheck Protection Program (“PPP”) will likely dry up in late April … more than a month before the program’s scheduled expiration on May 31, 2021. Borrowers interested in securing a First Draw PPP Loan or a Second Draw PPP Loan should move quickly, before funds are exhausted. Contact your bank or credit union now or let us know if you need guidance. What you need to get started: If a sole business owner, you will need your filed Form 1040, Sch C [...]

By Melissa Scholz|2021-04-07T00:26:35-05:00April 7th, 2021|Uncategorized|Comments Off