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CARES Act Waives Required Minimum Distributions

Dated: April 1, 2020 On March 27, 2020, President Trump signed into law the CARES Act in response to the widespread negative economic impact resulting from the current COVID-19 crisis. There are many facets in bill ranging from small business activities to individual income tax planning. One item relevant item to some of our clients is the suspension of Required Minimum Distributions from any retirement plan for Read more...

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Paycheck Protection Program

Date: March 30, 2020 WHAT IS THE PAYCHECK PROTECTION PROGRAM? The Coronavirus Aid, Relief, and Economic Security (CARES) Act has allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn Read more...

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Extended Deadlines to File and Pay Income Tax

Dated: March 21, 2020 The Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency. The Read more...