CB&H Webinar: The Impact of the HIRE Act and Health Care Reform on Nonprofits
Join us as we clarify how this recent legislation will affect your organization Earlier this year, President Obama signed into law significant pieces of legislation – the Hiring Incentives to Restore Employment (HIRE Act) and the Health Care Reform legislation (consisting of both the The Patient Protection and Affordable Care Act and the Health Care and Education and Reconciliation Act) – that will impact not-for-profit organizations from a tax perspective . Join us for this webinar as we discuss the following: What temporary tax credits does the HIRE Act offer to encourage job growth? How does a nonprofit employer qualify for or claim these credits? Which employers are eligible for the small employer health insurance. Read More.
Back to the Basics – The Federal Single Audit and the American Recovery and Reinvestment Act
A federal single audit is required if a not-for-profit organization expends $500,000 or more in a year in federal awards. In the past, certain not-for-profits did not expend enough federal awards to “trigger” a federal single audit. However, with the availability of federal funding under the American Recovery and Reinvestment Act (ARRA) , many not-for-profits have applied for and have been awarded ARRA funding. As a result, some nonprofit organizations are expending $500,000 or more in federal awards for the first time, which requires a federal single audit. If your organization is in this situation, it is important to understand the basic requirements of a federal. Read More.
FOCUS on the Not-For-Profit Sector
Economic Stimulus Money for Nonprofits — The Time to Act is Now! The American Recovery and Reinvestment Act of 2009 provides significant opportunities for nonprofit organizations to share in grant opportunities across a wide variety of program areas. Some areas of potential interest to nonprofits in this 407-page Act include: Arts & Humanities Education and Internet Access (including assistance to schools and higher ed institutions) Special Education Broadband Technologies Opportunities School Improvement Employment and Job Training Energy Conservation Housing and Community Development Head Start and Early Head Start Child Care Emergency Food and Shelter Food and Nutrition Health Centers Prevention & Wellness Programs National Service (including “nonprofit. Read More.