In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing many people, the government has provided a range of relief. Some new announcements made by the IRS are as follows: Additional Deadlines Extended As...
The coronavirus (COVID-19) pandemic may pose a double threat for seniors. The elderly are considered the most vulnerable population for medical complications associated with the virus. They also are prime targets for COVID-19 scams. If you are a senior, or have elderly relatives and friends,...
On April 9, 2020, the federal bank regulatory agencies declared an interim final rule related to the Small Business Administration’s Paycheck Protection Program (PPP). The Coronavirus Aid, Relief, and Economic Security (CARES) Act established the PPP to provide loans to small businesses to keep workers...
By now, most employers have presumably read up on the basic tax relief and financial assistance aspects of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. What you may not have heard much about is how the law affects employer-sponsored benefit plans. Here are...
Efforts to contain the spread of the novel coronavirus (COVID-19) have led to suspension of many economic activities, putting unprecedented strain on businesses. The Securities and Exchange Commission (SEC) recently issued guidance to help public companies provide investors and other stakeholders with useful, accurate financial...
Generally, it is recommended that you review your estate plan at year’s end. It is a good time to check whether any life events have taken place in the past 12 months or so that affect your plan. However, with a life shock as monumental as...
Although most non-profits have been hurt by the coronavirus (COVID-19) pandemic, your organization’s specific challenges probably depend on your mission, constituency, and other factors. For example, social distancing rules have forced most arts organization to temporarily shut down and furlough employees. Many social services charities,...
To stem the tide of joblessness caused by the coronavirus (COVID-19) outbreak, the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) is now available. The program’s stated objective is, “to provide a direct incentive for small businesses to keep their workers on the payroll.” What Does...
As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes that were part of a tax law passed on March 27. The Coronavirus Aid, Relief, and...
Like the coronavirus (COVID-19) pathogen itself, incidents of COVID-19 fraud are surging and financial losses are piling up. The Federal Trade Commission (FTC) reports that the number of 2020 COVID-19-related complaints doubled in just one recent week. As of March 31, losses attributed to the...