Coronavirus

13
Jul
2020

How Furloughs And Layoffs May Affect Company Retirement Plans

13.07.2020

JULY 13, 2020 The coronavirus pandemic has forced many employers to implement some form of workforce reduction to continue operating. While furloughs and layoffs have a significant and immediate impact on a company’s operations, plan sponsors also need to understand

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1
Jul
2020

IRS Guidance Provides RMD Rollover Relief

1.07.2020

JULY 1, 2020 The CARES Act was enacted in an attempt to mitigate the economic effects of the COVID-19 pandemic. Among other things, it extends favorable tax treatment to qualified individuals who take so-called “coronavirus-related distributions” (CRDs) from IRAs, 401(k)

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25
Jun
2020

Paycheck Protection Program Loan Forgiveness Simplified

25.06.2020

JUNE 25, 2020 Many small and midsize businesses with Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act have been struggling with spending those funds roductively within the eight-week loan forgiveness period (Covered Period).

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4
Jun
2020

Senate Passes New Paycheck Protection Bill

4.06.2020

June 4, 2020 On Wednesday June 3, the Senate passed legislation that aims to make changes to the Paycheck Protection Program (PPP) in order to give business owners more flexibility to use the popular loans. It will now head to

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