Covid19

May 2020 Market Recap

2020 continues to be a tumultuous year.  While we are still figuring out the impacts of Covid-19 we now are dealing with flaring tensions from policing tactics and racial tensions.  While we at Beacon Hill stand with both peaceful protests and peaceful, safe policing, we maintain focus on our task to analyze markets and our …

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Department of Labor Announces E-Delivery Final Rule

Amidst the ongoing Coronavirus situation, the Department of Labor announced final rules regarding electronic communications from retirement plan fiduciaries to their participants. These rules are intended to “enhance the effectiveness of ERISA disclosures and significantly reduce the costs and burden associated with furnishing many of the recurring and most costly disclosures.” 1 The most significant …

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Paycheck Protection Program Flexibility Act

The Paycheck Protection Program Flexibility Act passed the House on May 28, 2020.  If enacted, the House bill will make a number of changes to the Paycheck Protection Program (PPP). Businesses that received a PPP Loan would have more time to use the funds, and a smaller percentage of the funds would need to be …

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What is the Employee Retention Credit and How to Get It?

Businesses that had their operation partially or fully suspended due to government shutdown orders, or have had a 50% decline in gross receipts compared to same quarter in 2019, may be able to claim the Employee Retention Credit (ERC) under the CARES Act. The ERC encourages businesses to keep their employees on payroll. The refundable …

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April Fools! S&P continues bounceback for a 17% gain

March was the longest year, but April seemed like a quick week.  The S&P’s 17% gain for April made it the best April in several decades, continuing its 30% bounceback from the thrashing it bounced back from since late March.  The long March and short April brought a few points home. Emotions are not an …

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