On March 1, the IRS issued guidance for employers claiming the employee retention credit (ERC) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as modified in December 2020 by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act). The ERC is designed to help eligible businesses keep employees on […]
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An Outlook On The Real Estate Industry
If the real estate industry has learned anything from the economic cycles of the past three decades and from crises like the savings and loan collapse, it’s patience. On the surface, the global pandemic seems to have had a uniform impact on the global economy—the tendency is to look at the big picture impact on […]
Read moreCARES Act Loans and Distributions: Long-Term Impact On Retirement Savings
The Coronavirus Aid, Relief and Economic Security (CARES) Act allowed plan sponsors to relax loan and distribution rules in 2020, giving participants greater access to funds during the pandemic. These provisions were implemented to provide relief as many employees do not have adequate short-term savings. Employee Benefit Research Institute (EBRI) has found that only one […]
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