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The legislation in the Coronavirus Aid, Relief, and Economic Security (CARES) Act includes policy changes that impact Individual Retirement Accounts (IRA) owners and Required Minimum Distributions (RMDs) for the 2020 calendar year. Those of you who are retirement account owners can use relief offered through the CARES Act by suspending 2020 RMDs that are not…

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Recorded 4/7/2020 This video answers additional questions and hopefully provides some clarity to the Paycheck Protection Program regarding SBA loans. As you know, this situation is fluid and guidance from the government agencies involved continues to come out. We will continue to post updates on this page and get you the newest information as soon…

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Information on the CARES Act – Passed by The Senate March 25, 2020. Passed by the House and signed by The President March 27, 2020. Updated 3/27/2020   As of March 27, 2020, the Senate and House have passed the $2 trillion “Phase Three” COVID-19 economic stabilization package, H.R. 748, the ‘Coronavirus Aid, Relief, and…

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Updated 3/26/2020 In response to the adjustments employees and employers are continuing to make because of COVID-19, the Department of Labor has put out information about Employee Rights under the new Families First Coronavirus Response Act (FFCRA). Below is a link to that information. https://www.dol.gov/sites/dolgov/files/WHD/posters/FFCRA_Poster_WH1422_Non-Federal.pdf This poster details requirements and qualifications around employers providing employees with…

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