The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), signed into law on March 27, 2020, is meant to serve as a stimulus to individuals and businesses in response to the economic distress caused by the coronavirus (COVID-19) pandemic. Below is a brief summary on some of the key points to the CARES Act.
An update from Huck Bouma, PC on COVID-19 (the novel coronavirus) and emergency loan and financial assistance opportunities
The SBA declared a disaster for the entire state of Illinois and various contiguous counties in Iowa, Indiana, Kentucky, Missouri and Wisconsin. The declaration makes Illinois businesses impacted as a direct result of COVID-19 eligible to apply for Economic Injury Disaster Loans up to $2,000,000 to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.
On Wednesday, March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act (“Act”). The Act goes into effect on April 2, 2020.
A nonprofit disability rights organization filed a class-action lawsuit against Uber, claiming the ride-hailing service discriminates against New York City riders with disabilities by not providing enough access to vehicles that can accommodate wheelchairs.
On December 1, 2016, representatives of the Treasury and the Internal Revenue Service (IRS) held a hearing to discuss the proposed regulations on valuation discounts for family-owned businesses under Internal Revenue Code (Code) § 2704 (Proposed Regulations). The Proposed Regulations were released on August 2, 2016. This article summarizes that hearing in light of the Proposed Regulations and concludes with a few practical takeaways.
Posted by: Heinz Brisske According to Forbes/Retirement, Social Security staff are telling people with 100 percent certainty something that is 100 percent false. This is happening in different parts of the country, in local offices [...]
By Sarah Ferris - 01/25/16 03:19 PM EST Spending on federal healthcare programs outpaced spending on Social Security for the first time in 2015, according to an expansive report from the congressional budget scorekeeper released Monday. The government [...]
Posted by: Heinz Brisske A tight year for Medicare could force millions of seniors to pay at least $650 more for public insurance in 2016, sparking a likely showdown between policymakers and activist groups, according [...]
Posted by: Heinz J. Brisske Conjecture regarding the cost-of-living-adjustment (COLA) for Social Security recipients has been reported by various media sources for some time. The Social Security Administration just announced that, in fact, there will [...]
Posted by: Beth Cwik October 21, 2015 The Internal Revenue Service recently announced the 2016 Inflation Adjustments in Revenue Procedure 2015-53. ADJUSTED - Estate and Trust Tax Rate Tables - for taxable years beginning in [...]
Posted by: Heinz Brisske Seniors should get ready to pay more, or shop more wisely, when it comes to Medicare “Part D” prescriptions drug plans. According to Colin Shannon, senior manager at Avalere Health Care [...]
The IRS has published its proposed regulations for state ABLE plans. Unfortunately, the offered rules leave many questions unanswered. The Achieving a Better Life Experience (ABLE) Act, was signed into law late last year. It [...]
Posted by: Katie May The Social Security Administration announced that Social Security benefits and Supplemental Security Income (SSI) benefits will be increased in 2015 by 1.7% to adjust for cost of living increases. The Social [...]