New Second Draw IFR and Application Form for Paycheck Protection Program

On December 27, 2020, the Consolidated Appropriations Act, 2021 (“the Act”) was signed into law. The Act includes several modifications and additions to the Paycheck Protection Program (PPP). As anticipated, the SBA has released two new Interim Final Rulings (IFRs) and two new application forms. The first IFR consolidates previously issued PPP guidance and IFRs, […]

Valuing Noncash Donations: A Cheat Sheet

Many nonprofits experience a flood of last-minute donations at the end of the year. Although cash is easy to value, valuing noncash property donations is trickier. If you’re struggling to assign amounts to contributions — either for a donor or your own records — review this cheat sheet. Price on the Open Market Most noncash […]