Client Memos

  KEEPING YOU INFORMED… The U.S. Small Business Administration has released guidance on how to apply for a loan under the Paycheck Protection Program as authorized by the CARES Act. You can find the guidance at https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp A copy of the loan application is attached hereto. You...

  KEEPING YOU INFORMED… On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”).  This legislation liberalizes certain retirement plan and charitable contribution deduction rules regarding individuals for 2020.Waiver of Required Minimum Distribution RulesAn individual is...

Under the Corona Aid, Relief, and Economic Security Act (also known as the CARES Act), signed into law on March 27, 2020, there are multiple loan programs available to businesses, self-employed individuals and nonprofit organizations. The Act expands the U.S. Small Business Administration’s (SBA) 7(a)...