Update: Our Volunteer Activity was featured in an article by Accounting Today
On June 15, 2017 ALL staff volunteered at the Mass Audubon’s Habitat Education Center in Belmont, MA for the MSCPA Day of Service. Staff spent the day herding goats, gardening, and cleaning up the grounds.
The Habitat Education Center is a nature preserve located right in the heart of Belmont. The land includes a turtle pond, acres of forest, gardens, farming area, nature trails and habitat buildings. The goats that ALL helped herd (and played with!) are used to naturally cut the grass and provide fertilizer for the fields.
The Habitat Education Center is used for a variety of programs including camps for inner-city kids to experience nature, a partnership with a school for the blind which includes an assisted walking trail with braille monuments, and scientific studies with local schools. The center is funded by donations, an endowment, and by weddings that are hosted in their beautiful garden area.
The Habitat Education Center relies on volunteers to maintain their grounds and ALL was happy to help. ALL is committed to giving back to the community and through the Corporate Social Responsibility Committee, ALL is able to support a variety of charities & causes throughout the year.
The IRS recently released Notice 2020-50 (PDF) to help retirement plan participants affected by the COVID-19 coronavirus take advantage of the CARES Act provisions providing enhanced access to plan distributions and plan loans. This includes expanding the categories of individuals eligible for these types of distributions and loans (referred to as “qualified individuals”) and providing helpful guidance and examples on how qualified individuals will reflect the tax treatment of these distributions and loans on their federal income tax filings.
Industries across the commercial landscape are confronting a bevy of issues presented by coronavirus (COVID-19), and the U.S. manufacturing industry is no exception. The industry, which employs some 13 million workers, faces issues that range from supply chain disruptions, lack of capital resources and consumer spending decreases to reductions in workforce productivity and more.
On June 23rd, the Internal Revenue Service announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020.