Client Memos

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)...

KEEPING YOU INFORMED… Last night, Governor Cuomo issued Executive Order 202.7 modifying Order 202.6 to require all businesses and not-for-profit entities in New York State (collectively, “businesses”), other than those defined as “essential,” to the maximum extent possible, and by March 21 at 8 p.m., to...