Are Dividends Becoming a Luxury During the Coronavirus Pandemic?
According to the futures market, Chicago Mercantile Exchange contracts are forecasting a drop of 27 percent in dividends over 24 months for the S&P 500 index. Dividends are projected to fall to $42.05 in 2021, a drop from 2020’s dividend of $47.55 and 2019’s high of $58.24. Looking forward to 2026, according to CME’s futures... Read More →
IRS Questions and Answers on COVID-19 IRA and 401(k) Loans & Distributions
The CARES Act stimulus package substantially relaxed the rules around certain retirement account loan and distribution requirements, but with much confusion. As a result, the IRS recently put out a FAQ document to address the COVID-19 rule relaxation around IRA and 401(k) loans and distributions. This important information should come as welcome news for the... Read More →
Congress at Work: In the Wake of the Coronavirus Pandemic, Congress Passes the Most Expensive Single Spending Bill in American History
The Congress at Work series of articles is designed to give you a glimpse of various types of legislation currently under consideration. While either the Senate or the House of Representatives may initiate a bill proposal, be aware that many bills never become law; they may never make it out of committee, be blocked by... Read More →
What’s in the Latest $484 Billion Stimulus Bill?
What’s in the Latest $484 Billion Stimulus Bill? Congress recently passed another round of stimulus to help counteract the economic impact of the coronavirus. The bill includes more funding for hospitals, small businesses, and coronavirus testing. Below we look at the details of the $484 billion legislation. More Money for Small Businesses The March stimulus... Read More →
The SBA Payroll Program is Out of Money
We knew it would happen – just not this soon. The SBA Payroll Protection Program is out of money. Contact your lawmakers to let them know that they need to pass additional funding now. https://www.bizjournals.com/louisville/news/2020/04/16/sbas-349b-paycheck-protection-program-officially.html?ana=e_lou_bn_breakingnews_breakingnews&j=90504325&t=Breaking%20News&mkt_tok=eyJpIjoiT1RsaE16bG1NR0kzTkdZeCIsInQiOiJZYjRUS2dcL3p5SXJcL09DeWpUdmVzSUNwNzdPZlhWOENkXC9YSnR5ZTR1VnJJSnh1UnpzZnNaUkR5SjNmREFJaDVFMW12VnFHSXQ2M1wvVUtsWlNzalNYNGY0VUJmbTlqekR1aDJGamhqZk56bDg5UGRHVTkzUU5tXC9EMHUxOFRlWUFReW14cVZxQkVPZzF6NHJHT2lUSHpNZz09In0%3D
How the Federal CARES Act Will Affect the Real Estate Industry
By: Caroline Kaye CPA, Supervisor – With the passage of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) on March 27, 2020, by Congress, there have been many questions about how the CARES Act will impact the real estate industry. For businesses, the provisions of the CARES Act are centered around increasing liquidity,... Read More →
While You’re Dealing with the COVID-19 Pandemic, Who is Watching Your Books?
By: Jennifer French CPA CGMA, Principal – With the COVID-19 pandemic, we are experiencing unprecedented times, that came upon us both quickly and unexpectedly. While navigating new waters in relation to the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), including the Paycheck Protection Program and Loan Forgiveness, and working to keep your business... Read More →
Strothman and Company Launches COVID-19 Loan/Grant Service Desk
Strothman and Co. continues to monitor and assess new developments pertaining to the COVID-19 (Coronavirus). Keeping our clients and contacts up to date on the latest information and approach to help reduce risk is a priority. During the past week, we have received many inquiries on the CARE Act Loans. In response, we have created... Read More →