June 1, 2020

IRS Questions and Answers on COVID-19 IRA and 401(k) Loans & Distributions

Blog, Tax and Financial News /

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 document to address the COVID-19 rule relaxation around IRA and 401(k) loans and distributions. This important information should come as welcome news for the […]

IRS Questions and Answers on COVID-19 IRA and 401(k) Loans & Distributions Read More »

Understanding the Federal Government’s Proposal for Opening Up Again

Blog, General Business News /

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 has rolled out a three-tier approach to get the nation back to its pre-coronavirus economic activities. While this program is led by the Federal Government, it

Understanding the Federal Government’s Proposal for Opening Up Again Read More »

Are Dividends Becoming a Luxury During the Coronavirus Pandemic?

Blog, Stock Market News /

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 to fall to $42.05 in 2021, a drop from 2020’s dividend of $47.55 and 2019’s high of $58.24. Looking forward to 2026, according to CME’s futures

Are Dividends Becoming a Luxury During the Coronavirus Pandemic? Read More »

How IT Spending Will Change When Business Resumes

Blog, What's New in Technology /

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 and their future looks grim. Specifically, we are going to look at the IT sector and examine what spending might look like in a post-lockdown economy. Disruption

How IT Spending Will Change When Business Resumes Read More »

In the Wake of the Coronavirus Pandemic, Congress Passes the Most Expensive Single Spending Bill in American History

Blog, Congress at Work /

Paycheck Protection Program and Health Care Enhancement Act (HR 266) – This is a multilayered legislative bill divided into four distinct sections. Phase 1 authorized funding for coronavirus preparedness and response; specifically, for measures such as vaccine development and public health funding. Most of the money was allocated to the Department of Health and Human

In the Wake of the Coronavirus Pandemic, Congress Passes the Most Expensive Single Spending Bill in American History Read More »