Group health plan renewal: Many group health insurance policies renew on December 1 or January 1. Review coverage plans and pricing to determine if changes are needed. ACA requirements: Review the provisions of the Affordable Care Act for ongoing compliance, including: Employer Shared Responsibi...
The settlement agreement consisted of payments to both the federal government and state Medicaid programs and also resolved claims brought under six different qui tam Two of the relators received approximately $3 million of the settlement funds; the respective shares of the other relators were not ...
For thePUA programspecifically, which was due to expire on December 26th, 2020 (originally funded under the CARES act), there is now funding for an extra 11 weeks. This now means that the PUA program would provide a base total of ...
The RMD requirement was suspended due to the CARES Act but has been reinstated beginning on or after January 1, 2021. The distribution must be made by December 31 for those that turned age 72 by December 31, 2022. Under the SECURE Act 2.0, those who turned 72 after December 31, 2022, ...
During 2021, COVID-19, the new Biden administration, the Tax Cuts and Jobs Act (TCJA), the Coronavirus Aid, Relief and Economic Security Act (CARES ACT), the American Rescue Plan (ARP), and the uncertainty about the Build Back Better Plan (BBB Plan) dominated the planning landscape. As...
December 31, 2023 December 31, 2022 Assets Current assets: Cash $ 1,317 $ 611 Accounts receivable, net 431 766 Inventory 5,655 6,563 Prepaid expenses and other 535 3,190 Total current assets 7,938 11,130 Property and equipment, net 379 575 Right of use assets ...
“Wage and salary income plummeted in March and April 2020. Because of the CARES Act’s stimulus checks and unemployment enhancements, total disposable income grew. Households were able to stretch their stimulus funds into October.” The stimulus bill passed in December 2020 may offer a similar...
making it eligible for PPP funds designated for “small business concerns” under the CARES Act. According to the government, the company in fact had over 3,000 employees, it knew when it made the certifications that it was ineligible for the loan program, and the government later forgave the...
(PPP) & CARES Act loans during 2020 and 2021 totaling $87.1 million. Fees associated with these loans are amortized over the life of the loan or recognized fully when repaid or forgiven. The Company held $13,000 in PPP loans on December 31, 2022. In 2022, the...
The federal government mobilized in the early days of the pandemic to pass an unprecedented amount of financial relief. The $2.2 trillion CARES Act, the largest relief law in history, enacted several temporary measures to beef up unemployment benefits. ...