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Economic, legislative and social developments have led to today's educational institutions facing demands of increased levels of service with diminished budgets and revenues. The financial and operational challenges that higher education institutions and K-12 schools experience must be addressed proactively, to avoid budget shortfalls and deliver on your commitment to students and employees. We understand how to alleviate the existing and emerging issues that you face and how to capitalize on available opportunities.
From accounting and financial projections to operations and tax compliance, we offer specialized audit, tax and consulting solutions to our education industry clients. Our experienced professionals understand the challenges of educational institutions, through serving the many needs of hundreds of K-12 schools, as well as colleges and universities. This experience working with public and private entities has given us a thorough knowledge and appreciation of the economics and politics that schools must contend with.
Expanded FAQs further clarify that institutions do not report grant funds paid to students, and students do not include amounts in income.
The American Rescue Plan Act of 2021 extends and expands support for exempt organizations affected by the coronavirus pandemic.
The IRS provides welcome guidance to higher education institutions that made emergency relief grants to students.
The student housing sector, once a beacon of stability, is now vulnerable to COVID-19 as universities rethink their plans.
The IRS updated taxpayers on its operations status and recognized the delays in processing check payments due on July 15, 2020.