Titan Consulting
AUGUST 9, 2020
Key Takeaways. The CARES Act relaxes rules and restriction for individuals that need to access cash in their IRAs or 401-K retirement plans. If you qualify, you can withdraw funds from your IRA without paying the 10% penalty, so long as you redeposit the funds within three years. You can also stretch the time, up to three years, that you must pay the normal income tax due on the withdrawal.
NCBA Law Practice Management Blog
AUGUST 9, 2020
Law firms put themselves through some interesting gymnastics in order to reconcile trust accounting, well or poorly – mostly poorly. There’s a couple of reasons for that: (1) Lawyers are pretty bad at math, finance. That’ s definitely a thing. (2) Also, law firms tend not to focus on utilizing technology throughout the trust account management process, and errors tend to occur when busy lawyers (or their staff) use analog methods to try to balance accounts, or review account balances.
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