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COVID-19 Resources

While the news concerning COVID-19 continues to develop, we would like to say that the health and safety of our team members, families, clients, and communities is our number one priority. We will be utilizing this COVID-19 Resource Center as a means of keeping our clients and community informed during these challenging times.

Our Whittlesey team remains fully-operational. We will continue to provide the high level of client service that our clients and community deserve and trust. We have the technology in place to continue to provide you the high level of client service you have grown accustomed to as long as needed. Our team members are equipped to work remotely. Our technology systems can be easily and securely accessed regardless of where our team members work or live. 

We encourage you to send documents electronically to help protect you from any risk. You can send such files by visiting the Client Portal. If you need assistance uploading your documents to the portal, please email Whittleseyportal@wadvising.com. If you prefer to send information to us via FedEx or mail, please inform your Whittlesey advisor

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HHS Announces $20 Billion for Phase 3 of Provider Relief Funding

HUD issued Notice H 20-08 late last week, which addressed “Availability of Funds for COVID-19 Supplemental Payments for Properties Receiving Project-Based Rental Assistance under the Section 8, Section 202, or Section 811 programs.” 

Coronavirus and Provider Relief Fund are Subject to Federal Single Audit

The Department of Health and Human Services (HHS) has recently clarified that both nonprofit and for-profit entities who received Provider Relief Funds are subject to Single Audit requirements.

Additional Paycheck Protection Program Guidance

The Treasury has issued a final interim rule regarding the Paycheck Protection Program. 

Families First Coronavirus Response Act - Expanded FMLA

With schools starting soon, now is a good time for employers to revisit the Families First Coronavirus Response Act (FFCRA). 

HUD Operating Funds Available for COVID-19 Supplemental Payments for Properties

HUD issued Notice H 20-08 late last week, which addressed “Availability of Funds for COVID-19 Supplemental Payments for Properties Receiving Project-Based Rental Assistance under the Section 8, Section 202, or Section 811 programs.” 

Fed Expands Main Street Lending Program to Certain Nonprofits

The Federal Reserve expanded its Main Street Lending Program to include funding for nonprofit organizations like hospitals, educational institutions, and social service organizations. 

How Your Business Can Thrive in the Covid-19 Landscape

It's no doubt that the COVID-19 pandemic has changed the playing field for businesses. We suggest a three-step journey: survive, pivot and adapt, thrive.

Here’s Why Some Have Received an Economic Impact Payment That Was Less Than Expected

President Trump has proposed to restore the full tax deduction for business meals and entertainment in response to the novel coronavirus pandemic.

Some People Are Required to Return Economic Impact Payments That Were Sent Erroneously

Millions of people have already received their Economic Impact Payments, which are being sent by the government to help mitigate the effects of COVID-19. In some cases, the payments should be returned.

State Tax Impacts of COVID-19

This article gives high-level insight into the northeastern states for possible discussions with clients to identify the state implications of the pandemic. 

New Loan Forgiveness Guidance

On June 22, the SBA and Treasury released additional guidance surrounding the Payroll Protection Program (PPP) Interim Rule. The new guidance provided clarification regarding loan forgiveness filing dates, owner-employee payroll costs, and Safe Harbor reductions. 

New Paycheck Protection Program Forgiveness Applications and Guidance

The Treasury Department issued revised PPP Loan Forgiveness Forms, PPP Loan Forgiveness Calculation Form and PPP Loan Forgiveness Application Form 3508EZ. 

How to Survive Crisis with Multiple Revenue Streams

Financially stable nonprofits have a good mix of revenue sources, with no one source accounting for more than 30% of the budget. How does your organization stack up? If you need help, read on.

Modifications to the PPP Program

Last night the Senate approved a bipartisan bill to loosen Payroll Protection Program (PPP) requirements. 

Main Street Lending Program - Update

Many employers use nonqualified deferred compensation plans to attract and retain executive talent. The rules, however, are complex.

House Passes Payroll Protection Program Flexibility Act

On May 28, 2020, the House of Representatives passed the Payroll Protection Program Flexibility Act. The Act would make the following changes to the PPP program.

New Guidance - PPP Loan Forgiveness Application

On May 23, the Treasury and SBA released additional guidance regarding the Paycheck Protection Program (PPP) Loan Forgiveness Application.

President Proposes to Bring Back Entertainment Tax Deductions Amid COVID-19: Here Are the Current Rules

President Trump has proposed to restore the full tax deduction for business meals and entertainment in response to the novel coronavirus pandemic.

Paycheck Protection Program (PPP) Loan Forgiveness Application is Here!

The U.S. Treasury and SBA released the Paycheck Protection Loan Forgiveness Application and detailed instructions to help business owners and nonprofit organizations seek forgiveness at the end of their covered eight-week loan period. 

Alternative Financing – Main Street Lending Program

The Federal Reserve announced it is expanding the Main Street Lending Program to support businesses negatively impacted by COVID-19.

Paycheck Protection Program Safe Harbor Guidance

The Treasury issued guidance regarding the Paycheck Protection Program (PPP) safe habor requirement that borrowers make a good faith certification that "Current economic uncertainty makes the loan request necessary to support the ongoing operations of the Application" by May 14, 2020.

Paycheck Protection Program Certification Deadline May 14

New deadline of May 14 to repay Paycheck Protection Program (PPP) loans for SBA “good faith” certification.

HBJ and NHB Present: The Cares Act and the PPP

Learn tips for digitally adapting to remote access during the COVID-19 pandemic.

Surviving the COVID-19 Crisis: A Nonprofit Action Plan

In the wake of the COVID-19 pandemic, the only certain thing is uncertainty. Nonprofits need to assess their current financial position, come up with alternative revenue models and prepare for a long, hard fight.

The Possible Tax Consequences of PPP Loans

Businesses that received PPP loans should be aware of the tax consequences. Here’s a look at the issue.

Taking Your Work Home: Tips for Digitally Adapting to Remote Access

Learn tips for digitally adapting to remote access during the COVID-19 pandemic.

What Families First Coronavirus Response Act (FFCRA) Means for Nonprofits and Their Staffers

New legislation provides rules for nonprofit employers whose staffers are affected by COVID-19. What does the law say? Read on.

COVID-19 Cybersecurity Remote Work Warning

COVID-19 is causing most Americans to work remotely, which has brought increased cybersecurity risks. Learn how to protect yourself. 

Families First Coronavirus Response Act

President Trump signed into law the Families First Coronavirus Response Act to address sick leave and paid leave for those affected by COVID-19. 

5 Tips to Create a Successful ‘Work from Home’ Lifestyle

5 tips to creating a successful work from home lifestyle during the Coronavirus.

Helping Your Nonprofit Survive Financial Instability

If your nonprofit is going through financial instability, there are ways through to the other side.

Coronavirus (COVID-19): Tax Relief for Small Businesses

In response to the coronavirus (COVID-19), Congress and the IRS have recently provided tax relief to businesses. Here’s a brief rundown.

Webinar: COVID-19

Learn how the new not-for-profit reporting model will impact financial statement presentation and disclosures.

OMB Issues Guidance for Federal Award Recipients

The Federal Office of Management and Budget (OMB) released Memorandum M-20-26, Extension of Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the Novel Coronavirus (COVID-19) due to the Loss of Operations.

Is It Time to Team Up? The Benefits of Nonprofit Collaboration

Partnering with a like-minded organization potentially enables you to pool funds, staff and supporters — temporarily or permanently. Learn more.

Electronic File Submission

We encourage you to send documents electronically to help protect you from any risk. If you need assistance uploading your documents to the portal, please email us.