House Passes PPP Deadline Extension
On July 1st, the House of Representatives gave their stamp of approval to the Senate-backed legislation to prolong the deadline for small businesses impacted by the pandemic to apply for loans under the Paycheck Protection…
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IRS Extends COVID-19 Relief for Plan Participants
The IRS has prolonged relief to plan participants whose significant others are laid off and take COVID-19-related loans or distributions from their retirement accounts, as well as offered novel safe harbors for loan repayments. Per…
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Utah Provides COVID-19 Relief for Businesses
Utah lawmakers decided to widen access to roughly $122 million in federal coronavirus relief for business owners, residents, and cultural groups throughout the state. Rules were eased for spending up to $20 million in previously…
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House Signs Off on Paycheck Protection Fix Offering More Flexibility
The House of Representatives just approved a stand-alone rule that aims to alleviate snags small business leaders face under the Paycheck Protection Program (PPP). Launched by Representatives Chip Roy (R-TX) and Dean Phillips (D-MN), the…
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NYC School Construction to Resume After Receiving Stimulus Funds
With faculty and students diligently and safely continuing to work from their homes and slow the spread of the COVID-19 virus, the CEO and president of New York City’s School Construction Authority believes it is…
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New House-Passed HEROES Act Includes Retirement Clarity
The novel $3 trillion stimulus bill, passed on May 15, encompasses retirement initiatives voiced by the American Retirement Association. The House of Representatives signed off on the “Health and Economic Recovery Omnibus Emergency Solutions” (HEROES)…
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IRS Answers Common CARES Act Questions
For those who are perplexed about the recent CARES Act legislation, the IRS has some answers for you. The organization laid out 14 common questions and answers to the May 4 Q&As concern Section 2202…
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Trump Enacts CARES Act to Combat COVID-19 Crisis
On March 27, 2020, President Donald Trump signed the ground-breaking CARES Act into law. Supported by the American Retirement Association, this coronavirus rescue package delivers extensive relief to individuals, small and large establishments, hospitals, and…
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