(from the Chronicle of Philanthropy) Individual giving declined 6% in the first quarter of this year compared with last year, a trend that would lead to $25 billion in lost revenue for nonprofits if it continues througho
(from NBOA) On June 22, President Trump extended and expanded an executive order, first issued in April, to limit new visas. The order suspends further issuance of H-1B visas through the end of the year. This may impact
(from the New York Times and Washington Post) Many secondary schools, including independent schools, are facing criticism from students who decry racist behaviors that have been condoned, perpetuated or ignored by facult
(From Inside Higher Ed) The Supreme Court announced in a 5-4 decision that the Trump administration cannot end the Deferred Action for Childhood Arrivals (DACA) program, which provides protection against deportation and
(From Venable LLP) Employers cannot require their workers to take antibody tests before returning to the office, according to new guidance from the Equal Employment Opportunity Commission. Consistent with the CDC’s Inter
Pandemic
Regulatory Updates
On June 3, the IRS issued Notice 2020-42 providing temporary relief from the requirement that spousal consent to retirement plan distributions, loans and beneficiary designations occur in the physical presence of a notar
(From Journal of Accountancy) The American Institute of CPAs has released some guidance on how to account for forgivable loans under the Small Business Administration’s Paycheck Protection Program. The guidance explains
On June 15, The Supreme Court ruled that existing federal rights law related to sexual discrimination in the workplace protects LGBT employees. The cases were brought by three workers who said they were fired from their
(From EdSource) California immunization rates have dropped 40% during the pandemic, according to the California Department of Public Health. The department looked at immunizations for children ages 0 to 18, including 10
(from Entrepreneur) Protests over the murder of George Floyd show no signs of slowing down, and at work this week, most bosses found themselves in the position of addressing the unrest. What are some ideas for business l
(From The Washington Post) The World Health Organization gathered Tuesday to clarify its position on whether people without symptoms are widely spreading the new coronavirus, saying much remains unknown about asymptomati
(from Society for Human Resources Management) Schools are considered to be a low-risk industry and, as such, are exempt from the OSHA 300 form requirement, which requires employers to report details about COVID-19 infect
Pandemic
Regulatory Updates
(from blumshapiro and Forbes) On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act. The act provides modifications that will allow organizations more flexibility in using the l
(from the Hill) Late on Wednesday, June 3, 2020, the U.S. Senate passed legislation to provide more flexibility for the Paycheck Protection Program (PPP), which provides help for small businesses amid the steep economic
(from the Independent) Not only across the U.S. but across the world, protests have erupted in the wake of Minnesotan George Floyd's death by a police officer, calling attention to racism and inequities in society.
(from the Wall Street Journal) Schools in Denmark, Austria, Norway, Finland, Singapore, Australia, New Zealand and most other countries that have reopened classrooms haven’t had outbreaks in schools or day-care centers.
(From The Hill) New guidelines from the Centers for Disease Control and Prevention (CDC) warn that coronavirus antibody tests, also called serologic tests, may be wrong up to half the time. In addition, even if someone h
Pandemic
Regulatory Updates
The night of Friday, May 22, the Department of the Treasury and Small Business Administration (SBA) released new Paycheck Protection Program (PPP) guidance that provided some clarity on several loan forgiveness questions
(from multiple sources) Should colleges plan to open campuses in the fall? Dr. Anthony Fauci said in an interview with the Chronicle of Higher Education that it will depend on the location and demography of the students.
(From Journal of Accountancy) On May 20, the Financial Accounting Standards Board (FASB) voted to extend by one year the implementation period for new accounting rules on revenue recognition and leases for nonprofits tha
