Higher Ed Colleagues: As we continue to work to understand the impact that the stimulus bills will have on Title IV and businesses, we want to help you do the same. In an effort to keep you informed, we’ve compiled a list of resources that expound on the CARES Act’s impact on...
The IRS and State of Pennsylvania have both issued updates to their 2019 tax return filing dates as well as the estimated tax payments due for tax year 2020. The IRS has issued further guidance on the filing deadline. A majority of Individual and Corporate taxpayers that had an original due...
As you have probably heard, the IRS has granted an automatic extension to the payment due datefor individuals and corporations. This extension now allows any individual who owes less than $1 million or any corporation that owes less than $10 million to pay the tax owed by July 15th without incurring...
Hello friends, As we begin another week, we hope you are all doing well and successfully transitioning to new circumstances. We also would like to direct your attention to the Department of Education’s (ED) updated guidance related to Title IV compliance and interruptions of study caused by the COVID-19 outbreak. The update...
As the novel coronavirus (COVID-19) outbreak continues, the headlines probably have been piling up faster than you can read them. As experts in Title IV compliance, we wanted to share with you some recent developments that you’ll find useful. As shared by our friends at NASFAA, bills were introduced in...
The growing coronavirus (COVID-19) outbreak may have already or could affect your students and your institution’s operations, potentially impacting Title IV compliance. In response, the Department of Education (ED) has developed guidance for leaders of postsecondary institutions. We recommend reviewing the guidance, which addresses a number of circumstances and questions raised...
This article was original published in the February 2020 Career Education Review and reproduced here with permission. Article originally posted at careereducationreview.net. Remember the scene from the movie “2001: A Space Odyssey” in which it takes an astronaut what seems like forever to move across the scene? As a CPA, the...
Further highlighting McClintock & Associates’ expertise in the higher-education sector, two members of our team, Luke Hoey and Cathy Demchak, became the only auditors to achieve a new certification designed for financial aid administrators at postsecondary institutions. Offered by the National Association of Student Financial Aid Administrators (NASFAA), the Certified Financial...