Skip to main content

Posts

IRS Announces 2021 Retirement Plan Limits

The IRS has released the 2021 amounts that employees can contribute to 401(k) plans and IRAs, most of which remain unchanged. This video explains further.
Recent posts

This myth debunked: You don’t have to be wealthy to hire a financial advisor

Do your friends talk about their financial advisors and you automatically assume they spend a fortune to have that meeting? This article explains how some advisors have altered their fees so those who don't use an advisor can afford it to pursue their financial goals. Some offer monthly subscriptions while other bill hourly. 
This myth debunked: You don’t have to be wealthy to hire a financial advisorPublished Tuesday, October 27, 2020 8:00 AM EDT

Annie Nova @ANNIEREPORTER
KEY POINTS More advisors are getting creative with their fees so that they can offer their services to people who normally couldn’t afford it. That includes charging a monthly subscription or billing hourly for financial planning. Meanwhile, others are providing group coaching and courses.

There’s a big misconception that financial planning is only for the wealthy. The truth, however, is that financial planning is a path for anyone to actually gain wealth.
The objective of financial planning is to get people to their des…

TWC Reinstates Search for Work Requirement

Beginning November 1, 2020, the Texas Workforce commission is reinstating the search for work requirement to remain eligible for unemployment benefits. In order to stay eligible, a claimant would need to:
Register on workintexas.comSearch for work according to the TWC guidelines, at least 1 to 3 searches per week (depending on county of residence)Take advantage or the re-employment services availableKeep a work search log and be able to provide the log to TWC upon request.  Apply for and accept suitable full-time work.  After November 1, 2020, claimants will be required to certify that they are completing these requirements each week when they request benefit payment.  To get more information, click here.

NEW PPP Forgiveness Application for Loans $50K or Less

NAPEO keeps us informed of changes in legislation, yesterday, the Small Business Administration rolled out a new Payroll Protection Program forgiveness application for all loans that are $50,000 or less.   SBA Issues New PPP Forgiveness Application for Loans Under $50,000Yesterday (October 8), the Small Business Administration announced a simplified Payroll Protection Program (PPP) forgiveness application for all loans of $50,000 or less.
SBA also eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly.Click here to view the simpler loan forgiveness application.Click here to view the instructions for completing the simpler loan forgiveness application.Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less. For more information, contact Thom Stohler. The National Association of Professional Employer Organizations 707 North Saint Asaph Street Alexandria, Virginia, 22314 (703) 836-0466 covid19@napeo.org

IRS Guidance Clarifies Employers' SECURE Act Obligations

After the SECURE Act was voted into law last December, the public had lots of questions. This article addresses eligibility for part-time employees as well as withdrawals from retirement plans by new parents for birth or adoption expenses. IRS Guidance Clarifies Employers' SECURE Act Obligations401(k) withdrawals for birth or adoption, plus coverage of part-time workers, are addressed By Stephen Miller, CEBSSeptember 18, 2020 LIKESAVEEMAIL

Life on Venus?

It's the year 2020 when anything is possible. This MIT article explains why astronomers believe a living organism could be inhabiting the planet Venus.
Astronomers may have found a signature of life on Venus Evidence indicates phosphine, a gas associated with living organisms, is present in the habitable region of Venus’ atmosphere.
Jennifer Chu|MIT News Office Publication Date : September 14, 2020 The search for life beyond Earth has largely revolved around our rocky red neighbor. NASA has launched multiple rovers over the years, with a new one currently en route, to sift through Mars’ dusty surface for signs of water and other hints of habitability.Now, in a surprising twist, scientists at MIT, Cardiff University, and elsewhere have observed what may be signs of life in the clouds of our other, even closer planetary neighbor, Venus. While they have not found direct evidence of living organisms there, if their observation is indeed associated with life, it must be some sort of “aerial” …

Take These 5 Steps When an Employee Gets COVID-19

Do you have an employee that has tested positive for COVID-19? Read the below article for five steps you should follow:Take These 5 Steps When an Employee Gets COVID-19 By Nancy CleelandAugust 24, 2020 LIKESAVEEMAIL

Private sector added 428,000 jobs in August, says ADP​

Although companies are starting to rehire, it appears the recovery from the pandemic job loss will be slow according to Ahu Yildirmaz, VP and co-head of the ADP Research Institute. Private sector added 428,000 jobs in August, says ADP