Articles
COVID-19 FAQs for Employee Benefit Plan Participants and Beneficiaries
The U.S. Department of Labor recently published a complete Q&A to help employee benefit plan participants and beneficiaries impacted by the COVID-19 outbreak. This provides valuable information for employees who may be losing their coverage as a result of the...
Coronavirus Stimulus Package – New Funding for Paycheck Protection Program Loans
Small-business owners who tried to apply for the Paycheck Protection Program (“PPP”) but were shut out when initial funding from the CARES Act dried up, need to submit their applications now, if they haven’t already. The PPP received new funding today when President...
Coronavirus Stimulus Package – Paycheck Protection Program Loans Revisited
If you’re a business owner and you were shut out from applying for or receiving a loan from the Paycheck Protection Program (“PPP”), complete your application now and have it ready to file. In fact, check with your lender to see if they are accepting applications in...
Coronavirus Stimulus Package – Related Tax Credits for Required Paid Leave
On Friday, April 17, the IRS released guidance in the form of frequently asked questions with regard to refundable tax credits, authorized by the Families First Coronavirus Response Act enacted on March 18, 2020. The credits provide funds to small- to medium-sized...
Coronavirus Stimulus Package – Paycheck Protection Loans Available Now
April 3 is the opening day for small businesses to apply for the Paycheck Protection Loans (“PPLs”), authorized by the CARES Act, through authorized Small Business Administration (“SBA”) lenders. Remember, that these are loans that may be forgiven if certain...
IRS Guidance on Employee Retention Credits
Many of our small business owners, as well as their employees, have been adversely impacted by COVID-19. The CARES Act promises incentives and relief for keeping workers on the payroll during these tough times. The IRS recently issued guidance in the form of questions...
Coronavirus Stimulus Package – IRS Information on Economic Impact Payments
Much of America is anxiously awaiting the assistance promised by the CARES Act, in particular the individual rebate payments (officially called the economic impact payments). The IRS recently issued guidance in the form of questions and answers about these payments,...
Why Your Business Needs Key Person Insurance
Episode 61 - As a business owner, you insure your inventory, equipment and vehicles. Yet you may not be insuring your most valuable assets. Those are your key employees who help you operate, manage and generate revenue for your company. Key person...
Using Social Security to Enhance Your Family Legacy
One of social security’s biggest limitations is that no matter what you do, it's going to help only you and your spouse. Once the two of you are gone, the Social Security ends. But what if there was a way to use Social Security to create a family legacy for your...
How the SECURE Act Affects Employer-Sponsored Plans
Episode 54 – If you are a business owner, you need to be aware that the SECURE Act makes several changes to employer sponsored retirement plans. Most of the changes simplify administration, but not all. Here are the main provisions impacting employer-sponsored retirement plans. Continue Reading How the SECURE Act Affects Employer-Sponsored Plans
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