Nonprofit Organizations Updates – Summer 2021

The Uniform Guidance – Some Ongoing Pitfalls By Matthew Cromwell, CPA, BDO We find ourselves years into the implementation of Title 2 Code of Federal Regulations (CFR) 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). However, a few recurring matters continue to arise that lead to audit findings. This article will discuss…

Triaging Data Breaches

Triaging Data Breaches By Mark Antali, BDO A data breach is one of the worst things that can happen to nonprofit organizations, their clients, donors and volunteers. When malicious perpetrators gain unauthorized access to financial information or other personal data, they can steal identities, exfiltrate intellectual property and can cause reputational damages that will affect…

PPP2 APPLICATION DEADLINE EXTENDED TO MAY 31

On March 25, 2021, the PPP Extension Act of 2021 was passed by the Senate, sending the legislation to President Joe Biden for his signature, just days before the Paycheck Protection Program application cycle was set to expire. The Bill extends the PPP2 application cycle to May 31, 2021 and also provides an additional 30…