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The IRS’ posting earlier this week of new question-and-answer (Q&A) guidance on the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, was welcomed by those who administer retirement savings arrangements. The guidance provides some additional details on the IRA and retirement plan relief provided by the CARES Act. The CARES...
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Following passage by an overwhelming margin in the U.S. House of Representatives, President Trump signed into law the Paycheck Protection and Healthcare Enhancement Act, infusing $320 billion in additional funding into the Small Business Administration’s Paycheck Protection Program (PPP) on Friday, April 24. PPP is a lending program created to help small employers retain employees...
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The House of Representatives passed Friday, March 27—by an expedited procedure—the Coronavirus Aid, Relief and Economic Security (CARES) Act, which was passed by the Senate late on Wednesday, March 25. Friday afternoon, President Trump signed the legislation into law. The CARES Act has many elements intended to aid businesses and workers, and to assist the...
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