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A Better Partnership

Publications

Jun 2020
27
June 27, 2020

A Reminder Regarding Return to Work Plans

On June 18, 2020, Governor Gretchen Whitmer issued Executive Order 2020-127, extending the State of Emergency in Michigan through July 16, 2020. In that order Governor Whitmer stated, “On Jun...

Jun 2020
26
June 26, 2020

IRS Issues Guidance on Waiver of 2020 Required Minimum Distributions

The IRS has been busy issuing guidance on the retirement plan provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The latest is Notice 2020‑51 (Notice), which giv...

Jun 2020
25
June 25, 2020

More Answers From IRS On COVID-Related Retirement Plan Distributions and Loans

The IRS finally issued much‑needed additional guidance for plan sponsors and recordkeepers on COVID-related distributions and loans from retirement plans and IRAs authorized by the Coronavirus Aid,...

Jun 2020
24
June 24, 2020

SBA Issues Interim Final Rule Implementing Flexibility Act Changes to PPP Loan Forgiveness Rules

On Monday, June 22, 2020, the Small Business Administration (SBA) and Department of Treasury issued a new Interim Final Rule (IFR) implementing changes to the Paycheck Protection Program (PPP)...

Jun 2020
18
June 18, 2020

SBA Streamlines PPP Forgiveness Application for Certain Borrowers and Revises Existing Forgiveness Application

On June 17, 2020, the Small Business Administration (SBA) released a new borrower-friendly, three-page “EZ” Paycheck Protection Program (PPP) loan forgiveness application (EZ Applicatio...

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