Latest Guidance on Tribal Funding Under ARPA Released by Treasury

  |  May 14, 2021

Following the approval of the American Rescue Plan Act (ARPA) in March 2021, the U.S. Department of the Treasury has now issued Interim Guidance on the distribution of Coronavirus State and Local Fiscal Recovery Funds (31 CFR Part 35). These funds are intended to help state, local, and tribal governments address economic impacts caused by the pandemic and assist with their recovery. Read more.
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Risky Business: How Well Are You Managing Business Risk?

  |  May 11, 2021

If last year taught us any lessons, it’s that the world is a risky place. And not just for individuals. Businesses faced more challenges than ever before in simply conducting their work– a pandemic, local stay-at-home orders and supply chain disruptions. As professional and personal activities began to intermix on mobile devices, and social distancing...Read more.
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PPP Loan Deduction Safe Harbor Guidance Provided by IRS

  |  May 5, 2021

New guidance from the IRS and U.S. Treasury Department provides a safe harbor in line with a provision in the Consolidated Appropriations Act, 2021, signed Dec. 27, 2020. Businesses now may deduct those expenses on their original federal tax return for the first taxable year following the 2020 taxable year, rather than filing an amended return or an administrative adjustment request. Read more.
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CARES Act Loans – Correcting Potential Errors

and   |  April 28, 2021

The CARES Act included many moving parts and different deadlines related to loans. As a result, many plan sponsors—or their third-party service providers—may have made errors related to participant loans, including missing important cutoff or restart dates. Plan sponsors should work with their service providers to ensure that loans are being administered accordingly—or take advantage of federal self-correcting programs to get retirement plan loans back on track. Read more.
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