Accessing Your Retirement Funds Early Due To COVID-19

The COVID-19 pandemic has resulted in high unemployment rates and left many households struggling to make ends meet. Under normal circumstances one would be advised to avoid accessing retirement account funds early. However, with the extra $600-a-week unemployment benefit set to expire at the end of the July and failure of Congress to reach an…

Top Twelve Tax Scams To Watch Out For In 2020

The methods used by scam artists to steal hardworking taxpayers’ money and personal financial information continue to evolve and have become increasingly aggressive in nature. Each year the IRS issues a “Dirty Dozen” list to raise awareness of the common tactics used by these thieves to get your information. The IRS urges Americans to remain…

PPP Loan Forgiveness: Additional Guidance and Clarification

The path to PPP loan forgiveness continues to evolve. Below we provide a more detailed summary of the changes resulting from the Paycheck Protection Program Flexibility Act (PPPFA) as well as additional guidance and clarification provided since its enactment on June 5, 2020. Covered Period The covered period for loan forgiveness has been extended from…

U. S. Senate Clears Changes to Paycheck Protection Program

The U.S. Senate has passed by unanimous consent legislation introduced as the Paycheck Protection Program Flexibility Act of 2020, H.R. 7010. The bill which among other things extends the window for businesses to spend the loans granted under the program will now be passed along to President Trump for his signature. Key changes to the…