Washington Update: Parsing Out the Policy Particulars of the Paycheck Protection Program Flexibility Act
Amidst wide-spread criticism of the Paycheck Protection Program (PPP), Congress has enacted the Paycheck Protection Program Flexibility Act of 2020 on June 5, 2020 to address some concerns surrounding the original PPP — specifically those around loan forgiveness.
How Excessive Fee Suits Could Impact You
September 17, 2020
COVID-19 Buyback Insurance for Production Companies
September 17, 2020
Benefits Compliance COVID-19 State Quick Reference Chart
Last updated on September 17, 2020
COVID-19-Related Benefits Compliance Resources Available
Last updated on September 15, 2020
The Benefits Compliance team has provided a number of resources that are available for assistance during the COVID-19 crisis. Information presented through our resources is subject to change pending additional guidance from the DOL, IRS or other state or federal regulatory agencies.
5 Crucial Financial Lessons for Kids of All Ages
September 14, 2020
There may never be a better opportunity than now to teach your kids about money. Many parents are likely spending more time with their children thanks to closed summer camps and virtual schooling brought on by the coronavirus pandemic.
Market Update with Casey Riviezzo and David Carter 08.17.20
September 14, 2020
Washington Update: The CARES Act is Signed into Law
April 6, 2020
On March 27, 2020, President Trump signed into law “Phase Three” of the congressional response to the COVID-19 emergency. The legislation, titled the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), follows intense negotiations over the last week. In addition to support for certain distressed segments of our economy, the CARES Act provides direct financial aid in the form of $1,200 checks for individuals earning less than $75,000 ($2,400 for married households earning less than $150,000) with an additional $500 per child. The Act additionally provides expanded unemployment insurance, financial support for state and local governments, a loan program for small businesses and not-for-profits, a payroll tax deferral for employers, and financial assistance to small businesses and certain industries.
Providing Assistance For Small Businesses
April 5, 2020
Relief is available to small businesses – those with less than 500 employees (including sole proprietorships, independent contractors and self-employed individuals), eligible nonprofit organizations, veterans organizations and tribal businesses described in the Small Business Act – through the following:
Markets and the Coronavirus: Common Questions
March 13, 2020
Stock and bond markets alike have experienced remarkable levels of volatility in recent weeks as the coronavirus’s impact on the global economy continues to unfold. During this time, Lenox Advisors has been steadfast in strategy and communication with clients and pleased to report on the value garnered from years of diligent planning, multi-asset solutions and protection vehicles that clientele have in place.
Important Update: Remote Work Force
As we continue to monitor developments and consider Lenox’s response in the context of the coronavirus developments, our priority is the safety of our employees and ensuring our ability to continue to serve our clients’ needs. In taking the appropriate precautions, we’ve enforced a remote work environment for all our office locations, including our headquarters in New York. We have also instituted a travel policy restricting both international and domestic business air travel across our company. Rest assured, our remote team has secure access to our business resources and tele and videoconferencing platforms so we can continue to fully service your needs. This is a rapidly evolving situation and we will, of course, continue to communicate with you on developments as applicable. On behalf of the entire Lenox team, thank you for your trust and confidence in us as we work together to address this situation. Please reach out to your Lenox advisor should you have any questions or concerns.