Articles for June, 2020
Tax and Financial News
IRS Questions and Answers on COVID-19 IRA and 401(k) Loans & Distributions
June, 2020
The CARES Act stimulus package substantially relaxed the rules around certain retirement account loan and distribution requirements, but with much confusion. As a result, the IRS recently put out a FAQ...
Be Right About Free Money: Potential Legal Risks of the Paycheck Protection Loan Program
May, 2020
One of the most important provisions of the CARES Act for small businesses is called the Paycheck Protection Program (PPP). The PPP is a $349 billion program designed to assist small businesses (fewer than 500 employees) facing...
General Business News
Understanding the Federal Government's Proposal for Opening Up Again
June, 2020
After seeing a peak and then a sustained decline in coronavirus cases, hospitalizations and deaths resulting from COVID-19, the White House and the Centers for Disease Control and Prevention...
Understanding the High-Low Method
May, 2020
When it comes to cost accounting, the high-low method is an approach that's used to break mixed costs into either a variable or fixed cost. Although it's straightforward, it's important to do...
Stock Market News
Are Dividends Becoming a Luxury During the Coronavirus Pandemic?
June, 2020
According to the futures market, Chicago Mercantile Exchange contracts are forecasting a drop of 27 percent in dividends over 24 months for the S&P 500 index. Dividends are projected...
How Will U.S. Employment Figures, Coronavirus Impact Job Markets?
May, 2020
With the CARES Act (Coronavirus Aid, Relief and Economic Security) signed into law by President Trump on March 27, this set into motion major initiatives by the U.S. government in response to...
Financial Planning
Why Sequence of Returns Risk Matters Now
June, 2020
That year or two when you are closing in on your retirement date, followed by a year or two after you retire, are the worst times for a sustained market decline. Market analysts call this scenario the sequence of...
Prospects for Investing in the 2020s
May, 2020
The third decade of the 21st century started out with a vigorous economy, record low unemployment levels and benign inflation. But late in the first quarter over the span...
What's New in Technology
How IT Spending Will Change When Business Resumes
June, 2020
Most states are starting to relax stay-at-home restrictions. As such, businesses are developing plans for bringing employees back to work. Many businesses are already affected by the pandemic...
Heightened Hacking as Corona Pandemic Worsens; How to Avoid Being a Victim
May, 2020
Since the escalation of COVID-19 cases, malicious activity from cybercriminals is also on the rise....
Guest Writer of the Month
Payroll Protection Program Loan Forgiveness is Here
June 2020
The first Payroll Protection Program (PPP) loans were made over eight weeks ago, which means they may be forgivable if the guidelines set forth by the Small Business Administration (SBA) and United States Treasury Department are met....
COVID-19 Recovery Responses are Crucial for Companies to Thrive in the Future
May, 2020
With the coronavirus spreading across the globe, catching individuals and governments off guard, business owners have not fared any better. While the virus is having a grave impact on the health of millions across the globe...
Tip of the Month
How to Stay Productive When Working from Home
June, 2020
Due to the unprecedented effects of COVID-19, the line between our professional and personal lives has blurred. Trying to take care of job responsibilities from home requires new ways of navigating. Here are a few ideas to help you...
Six Industries Hiring During the Shutdown
May, 2020
During to the government shutdown as a result of COVID-19, sadly, millions have lost their jobs. However, there is a silver lining: there are some industries that, because of the shutdown, are actually...
Congress at Work
In the Wake of the Coronavirus Pandemic, Congress Passes the Most Expensive Single Spending Bill in American History
June 2020
Paycheck Protection Program and Health Care Enhancement Act (HR 266) – This is a multilayered legislative bill divided into four distinct sections. Phase 1 authorized...
More Coronavirus Relief, Plus Beefed-Up Security for Technology, the Elderly, and Children Born to U.S. Citizens Serving Overseas
May, 2020
Coronavirus Aid, Relief and Economic Security Act (HR 748) – This legislation provided $2 trillion of stimulus relief in response to the coronavirus crisis. Provisions of the bill include...