The “Setting Every Community Up for Retirement Enhancement Act (the “SECURE Act”) in December 2019, introduced a number of new rules and provisions that have a significant impact on retirement and estate planning for individuals with tax-deferred retirement accounts, such as an IRA or 401(k). As a result, the new […]
On November 18, 2020, the IRS issued Rev. Rul. 2020-27, directing that a taxpayer that receives a PPP cannot deduct expenses paid for with a PPP loan in the year they were incurred if the taxpayer reasonably expects to receive forgiveness of the loan. In conjunction with this guidance, the […]
The pandemic has been a harsh reminder that life is unpredictable and can change at any moment. This global health crisis has had a significant impact – physically, mentally, and financially – on all of us. Unfortunately, we all know someone who has lost a family member, friend, co-worker or […]
PPP Flexibility Act gives PPP recipients greater flexibility on loan forgiveness. Read more here: View PDF
Many businesses currently have a comprehensive employee handbook detailing the firm’s policies and practices for virtually every aspect of an employee’s employment with the firm. Here’s why firms should consider supplementing these handbooks with a “reopening handbook” before reopening for business in the COVID-19 era. As many states are starting […]
