Bob Scott

Bob Scott

BDO: NFPs to increase Technology Spending

Nonprofits responding to the COVID-19 break are increasing spending on technology, according to a recent survey by BDO USA. The survey found 64 percent of 200 leaders polled in the firm’s Nonprofit Standards benchmarking service say they will invest in new products this year.

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Taxpayer Advocate: 4.7M Paper Returns on Hold

There is a backlog of 4.7 million paper income tax  returns, according to this year’s report from the National Taxpayer Advocate. In addition about ten million pieces of mailed tax returns and correspondence is sitting in Internal Revenue Service trailers.

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Paychex: PPP Loans Critical for Many

Most businesses responding to a Paychex survey about  Payroll Protection Program loans—64 percent have received funding. But of the remainder, who have an application approved or pending, 46 percent say they will go out of business if they do not receive the funds.

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