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Blog posts tagged with "cares act"

For Retirees with Required Minimum Distributions of Retirement Accounts ... a Reminder!

By James Lanham   |  August 26, 2020

You have until Monday, August 31, 2020, to re-contribute any 2020 required minimum distributions from your IRA or 401(k) back to your retirement account if you wish to defer taking the 2020 distribution.

Effect of Federal Legislation on Nonprofit Organizations

By Madeline Fuller   |  April 17, 2020

In an effort to guide employers and employees through the COVID-19 pandemic, the Federal Government has passed various pieces of legislation. This post will focus specifically on how the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Families First Coronavirus Response Act (FFCRA) affect various nonprofit organizations.

CARES Act Offers Assistance to Individuals

By Tricia Pycraft   |  March 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act includes several elements intended to keep Americans engaged in the economy. It provides cash payments directly to individuals, expands unemployment benefits and changes the rules for student loans. A summary of those elements is set out in detail in the alert.

CARES Act Offers Businesses Incentives to Prevent Layoffs

By Kimberly Hall   |  March 30, 2020

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act (often referred to as the stimulus package). Included in the $2.2 trillion stimulus package are provisions aimed at incentivizing businesses to retain workers despite the economic downturn caused by the COVID-19 pandemic. In this article, we discuss two of those provisions, the Paycheck Protection Program and the Employee Retention Tax Credit.

The CARES Act Brings Changes to Retirement and Other Benefit Plans

By Christopher Pycraft   |  March 27, 2020

This afternoon, the Coronavirus Aid, Relief and Economic Security (CARES) Act passed the House of Representatives by voice vote, with a formal signature by the President expected imminently. We address some of the key takeaways regarding retirement and health and welfare plans below. The most urgent item added by the CARES Act is likely to be the $100,000 distribution option from retirement plans.

Status of Federal Stimulus Bill - Coronavirus Aid, Relief, and Economic Security (CARES) Act

By Jacob Dean   |  March 26, 2020

On March 25, 2020, the U.S. Senate unanimously passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act, often referred to colloquially as the stimulus bill or package, is a record-setting $2 trillion deal. The Federal government has been promising assistance over the last couple weeks, and now that passage of the CARES Act seems to be imminent, many are starting to ask, “how will this help my family?” and “how will this help my business?” A few of the major features of the Act are covered here.

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