Can I take COVID funds out of my plan w/ CARES Act?
Section 2202 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, provides unique distribution options and rollover rules for retirement plans and IRAs and expands permissible loans from specific retirement plans. General Information Partial Termination of a Qualified Retirement Plan Under Section 209 of the Taxpayer Certainty and […]
FFCRA Info – Employee with COVID
The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide their employees with paid sick leave. Additionally, expanded family and medical leave for specified reasons related to COVID-19. Administrating and enforcing the new law’s paid leave requirements falls on The Department of Labor’s (Department) Wage and Hour Division (WHD). These provisions […]
Small Business COVID Relief – PPP and ERC
The American Rescue Plan Act of 2021 changed the rules on the Paycheck Protection Program (PPP) loans and Employee Retention Credit (ERC). Both programs are available to small businesses that meet the requirements, and each has the potential to positively impact the company. A quick overview of the programs can help any small business decide which is the best option to pursue. […]
