TAPPING INTO YOUR 401(k) DURING COVID-19 The coronavirus pandemic has reduced income to millions of Americans. As part of the CARES Act, Congress enacted special rules pertaining to early withdrawals and loans from tax-favored savings vehicles like 401(k) and IRA accounts. Withdrawals Previously, an early withdrawal from a 401(k) or IRA was subject to a…
THE CARES ACT PAYCHECK PROTECTION PROGRAM The Coronavirus Aid, Relief, and Economic Security (CARES) Act Paycheck Protection Program will likely be one of the more popular programs included in the federal stimulus bill that was just signed into law. Congress wants to help small business employers maintain high employment by offering loans from Small Business…
CORONAVIRUS RESOURCE PAGE For the past several months, the firm has remained fully operational and continued to provide seamless, high quality legal services to our clients. As we move forward, we want our clients to know that our full-service team is available to provide you with the assistance you need in whatever format makes the…
SBA Disaster Assistance for Coronavirus Impacts on Small Businesses and Non-Profits The U.S. Small Business Administration (SBA) issued an Economic Injury Disaster Loan Declaration for New York State on March 19, 2020. The Declaration allows SBA to offer low-interest federal disaster loans to provide working capital for small businesses and private, non-profit organization that are…
