Timely Opportunities Blog
CARES Act and Retirement Plans
The CARES Act that was recently passed had numerous provisions to stimulate the economy. Among the provisions passed, there are a few related specifically to retirement plans for qualifying plan
CARES Act-Summary of Impacts on State and Local Governments
On March 27, 2020, President Trump signed into law the CARES Act (enrolled version of H.R. 748), the nearly $2 trillion relief package is in response to the COVID-19 pandemic
Paycheck Protection Program and Forgivable Loans Under the Program
The Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law on Friday, March 27, 2020 by President Trump, providing $2 trillion in stimulus funding. The CARES
Tax Related Relief Items in Coronavirus Aid, Relief, and Economic Security Act
After days of furious negotiations between Republicans and Democrats on the Hill and Trump Administration officials, the Coronavirus Aid, Relief, and Economic Security Act passed. With a $2.2 trillion price
State Provides Guidance to Employers for Temporary Layoffs
The Department of Labor and Economic Opportunity has provided guidance to Michigan employers on potential layoffs related to COVID-19. The request for registration and seeking work waiver form online needs
State COVID-19 Filing Guidance and Relief
Prior to the Internal Revenue Service (IRS) release of Notice 2020-17 on March 18, 2020, a number of states had issued extensions of time to file and/or pay business income
Stay Home and Stay Safe Executive Order
At Maner Costerisan, the health and safety of our employees and our clients is of paramount importance. Maner Costerisan physical offices will be closed until April 13. Maner Costerisan has
Getting help with a business interruption insurance claim
To guard against natural disasters and other calamities, many companies buy business interruption insurance. These policies provide cash flow to cover revenues lost and expenses incurred while normal operations are
Tax Deadline Extended to July 15
On Friday March 20th, President Trump has directed, via a tweet, Treasury Secretary Steven Mnuchin to move Tax Day to July 15, giving taxpayers more time to file their taxes
Federal Aid Package Helps Individuals Affected by COVID-19
The Families First Coronavirus Response Act (H.R. 6201), became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands