Newsletters
Roth IRA as College Savings Vehicle
Posted August 2020
When selecting a vehicle for college savings, most people naturally gravitate toward the Section 529 Plan (529 Plan). It offers some remarkable benefits and afterall, it is called a “college saving fund.” But before making this decision, it is a good idea to explore some of the alternatives, especially the Roth IRA.
Tax Filing Reminders – August 2020
September 15th
September 30th
October 15th
New Health Benefits in CARES Act
Posted August 2020
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed by Congress in an attempt to assist with the impacts of COVID-19. The Act provides many significant economic and health reliefs. Here are three changes to employer-sponsored group health plans and other health benefits.
New PPP FAQs and Forgiveness Tool
Posted August 2020
The Treasury and Small Business Administration (SBA) released guidance on August 4, 2020, answering 23 frequently asked questions regarding the forgiveness of Paycheck Protection Program (PPP) loans. The 10-page FAQs covers the calculations and process to determine how much of a PPP loan is forgivable. The key topics are (1) General loan forgiveness, (2) Payroll costs, (3) Nonpayroll costs, and (4) Forgiveness reductions.