Roth conversions should be considered for many individuals over age 70.5 in 2020, especially since required minimum distributions (RMDs) have been waived. If income is down, the tax impact of [...]
Many Americans living in rental units are struggling to pay their rent. Retail and restaurant businesses forced to close are having difficulty meeting their lease obligations. Industrial and office tenants [...]
The health insurance of most working Americans is tied to their employer. This has meant significant obstacles during the COVID-19 crisis as employees find themselves furloughed, working decreased hours or [...]
On May 20, 2020, the Financial Accounting Standards Board (FASB) voted to delay the effective date of revenue recognition (ASC 606) and lease (ASC 842) standards for all private companies. [...]
The Small Business Administration (SBA) announced on May 13 that lenders can increase Paycheck Protection Program (PPP) loans for partnerships to cover partner compensation. The move addresses situations in which [...]
The U.S. Small Business Association (SBA) has released the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application. The form comes with instructions and is to be submitted to your lender. [...]