Insights & Updates

American Rescue Plan Act of 2021

On March 10, 2021, the U.S. House of Representatives passed a modified version of the American Rescue Plan Act of 2021 (ARP bill), President Biden’s $1.9 trillion COVID-19 relief package aimed at stabilizing the economy, providing needed relief to individuals and small businesses, and improving and accelerating the administration of coronavirus vaccines and testing. The House was…

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CARES Act Relief FAQS for Plan Sponsors and Employees

The Coronavirus Aid, Relief and Economic Security (CARES) Act was a rapid response by the federal government to help businesses and employees cope with the economic issues caused by the pandemic. Many aspects of the wide-range law make significant changes affecting employer-sponsored retirement plans and their participants. Since Congress passed the CARES Act in March…

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SBA Issues Guidance on Additional PPP Funds

Most lenders have their portals open to accept PPP loan applications as of today. Please see additional information and guidance below regarding the new round of funding that is now available to any small business or not-for-profit that has experienced a 25% decrease in revenue during the last year. The Economic Aid to Hard-Hit Small…

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President Signs New Stimulus Bill December 27, 2020

The U.S. House of Representatives and U.S. Senate passed the Consolidated Appropriations Act, 2021 (bill), a massive tax, funding, and spending bill that contains a nearly $900 billion coronavirus aid package. The emergency coronavirus relief package aims to bolster the economy, provide relief to small businesses and the unemployed, deliver checks to individuals and provide…

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Succession Planning: Preserving, Protecting, and Passing on Wealth

Transitioning Ownership The decisions made regarding ownership of the family office or closely held business may not necessarily be the same decisions that are required for leadership and management. It’s critical to understand and acknowledge the different elements that proper succession planning entails. The family wealth enterprise has three interconnected circles of participation—the family members,…

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