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Category Archives: 2020
PPP Forgiveness Underway With New Rules for Loans Less Than $50,000
After substantial delays, lenders across the country are now accepting forgiveness applications for loans obtained through the CARES Act. Under the massive stimulus legislation passed in late March 2020, the Paycheck Protection Program (PPP) provided assistance to small businesses, including … Continue reading
Posted in 10 - October 2020, 2020
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Stimulus Bill Changes Retirement Plans for 2020
The stimulus bill, signed by President Trump on March 27, 2020, formally known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), provided some specific changes to retirement plans, including the Ministers’ Retirement Plan administered by the Church … Continue reading
Posted in 03 - March 2020, 2020, Uncategorized
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Coronavirus Continues to Impact Financial Markets
Less than two weeks after the outbreak was declared a pandemic, COVID-19 (coronavirus) continues to cause great volatility in the financial markets. No investment has been immune to this decline and there has been no safe place to hide in … Continue reading
Posted in 03 - March 2020
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Benefits Board Operations Continue Uninterrupted
As the coronavirus situation evolves worldwide, the Church of God Benefits Board, Inc./Ministers’ Retirement Plan is working hard to make sure that our operations continue normally, and that we are always here to serve our participants. As of today, the … Continue reading
Posted in 03 - March 2020, 2020, Uncategorized
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IRS Announces 2020 Standard Mileage Rate
The Internal Revenue Service recently issued the revised standard mileage rate which is used to calculate the deductible costs of operating an automobile for business purposes during 2020. Beginning January 1, 2020, the standard mileage rate for the use of … Continue reading
Posted in 01 - January 2020, 2020, Uncategorized
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