Insights

The CARES Act provides enhanced financial support for businesses and other eligible entities suffering from the continuing COVID-19 pandemic. While much of the CARES Act provides relief to for-profit businesses (see our previous post), there are specific provisions for nonprofits and tax-exempt organizations (collectively “TEOs”) which help support the operations…

Earlier this week, the President signed the “Setting Every Community Up for Retirement Enhancement Act” (the “SECURE Act” or the “Act”), a measure affecting retirement benefits that was passed by the House and Senate last week. The Act notably increases the age for beginning required minimum distributions (“RMD”) to 72…