The National Credit Union Administration (NCUA) has issued guidance to credit unions serving hemp-related businesses, which were made legal under the Agriculture Improvement Act of 2018 (2018 Farm Bill).[1] The ...
The IRS issued Notice 2020-79 announcing the 2021 cost-of-living adjustments (COLAs) applicable to dollar limitations for employer-sponsored retirement plans, including individual retirement arrangements (IRAs). The annual contribution limit remains at ...
The IRS has released Revenue Procedure 2020-46 which modifies and updates Revenue Procedure 2016-47 which provides a list of permissible reasons for self-certification of eligibility for a waiver of the ...
On October 7, 2020 the Small Business Administration (“SBA”) added the following general FAQ #52 to the Paycheck Protection Program Loans (“PPP”) FAQ for Lenders and Borrowers. Question: The Paycheck ...
On October 2, 2020 the Small Business Administration (“SBA”) issued a Procedural Notice outlining what constitutes “Changes of Ownership” with respect to Paycheck Protection Program (“PPP”) borrowers, and the conditions ...