Elaine's Tax Tips for Nonprofits

Offering helpful tips to nonprofit organizations in areas of federal tax compliance.

Friday, April 24, 2020

COVID-19 Update #10 - The Housing Allowance and the PPP

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Over the past two weeks many churches have applied for the a loan through the Paycheck Protection Program (PPP).  In determining average mon...
Tuesday, April 14, 2020

COVID-19 Update #9 - Deferral of Tax Deposits

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The CARES Act provides for employers and self-employed individuals to shift the timing of certain tax payments over the next few months in t...
Tuesday, April 7, 2020

COVID-19 Update #8 - Update on the Paycheck Protection Program

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The Paycheck Protection Program has created a whirlwind of activity over the past 10 days.  While it was the goal of everyone to provide nee...
Wednesday, April 1, 2020

COVID-19 Update #6 - Individual Economic Impact Payments

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To further assist in stabilizing the economy the CARES Act provides for economic impact payments to be automatically distributed to taxpayer...
Monday, March 30, 2020

COVID-19 Update #5 - The Paycheck Protection Program - SBA Loans Available to Nonprofit Organizations

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Special Note:  Guidance and information has been issued from several sources over the past week.  In an attempt to provide accurate informat...
Sunday, March 29, 2020

COVID-19 Update #4 - Emergency Family Leave Provisions and Related Tax Credits

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On March 18, President Trump signed into law the Families First Coronavirus Response Act (the Act, PL 116-127), which eased the compliance b...

COVID-19 Update #3 - Families First Coronavirus Response Act - Sick Leave Tax Credits for the Self-Employed

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On March 18, President Trump signed into law the Families First Coronavirus Response Act (the Act, PL 116-127), which eased the compliance ...
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Elaine Sommerville
I am a CPA with 30 years of experience working with nonprofit organizations in areas of tax compliance for both federal and state issues. I am the sole shareholder of Sommerville & Associates, P.C. located in Arlington, Texas. I am a frequent speaker for the Texas Society of CPAs, The Church Network and an instructor for the AICPA.
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