Volatility and risk are part of the stock market experience – it’s why stocks produce higher returns than less-risky assets over long periods of time. We say this often, it’s easy to forget when the market declines. Read more…
U.S. Treasury Extends Tax Filing Deadline, Some States Follow Suit
The Treasury Department and Internal Revenue Service recently announced that the federal income tax filing due date had been automatically extended from April 15, 2020 to July 15, 2020. Saturday’s release updated the notice issued on March 18th that payments could be deferred but not filing. Read more…
5 Considerations for a Successful Wealth Transfer
You’ve worked your whole life to build and maintain your wealth, so thinking about passing it on can seem daunting. How much should you tell your children about your finances? And how can you distribute your wealth in a way that supports your heirs, as well as your community? Read more…
20% Qualified Business Income: Summary of Proposed Regulations
As we pass the 3rd Quarter estimated tax deadline for 2018, we shift ahead in thinking about year-end planning and projections. One of the biggest tax planning opportunities arising from the Tax Cuts and Jobs Act is the new 20% Qualified Business Income (QBI) Deduction for business owners of sole Read more…
How Tax Reform Impacts Business Owners
While the Tax Cuts and Jobs Act impacted both individuals and businesses, changes to the business tax scheme were comparatively more comprehensive and permanent. As a business owner, the magnitude of the changes may seem overwhelming. Instead of getting caught up in the details of every Read more…
Year-End Tax Tips, in Light of Tax Reform
The end of the year is traditionally a good time to tackle tax planning. You have an idea of what your total income will be, so you can make decisions with an eye on tax efficiencies. This year, the back-and-forth on tax reform has narrowed the window of opportunity a bit. Read more…
Tax Reform Status Update
Tax reform seems to be the topic du jour of everything from dinner conversations to media headlines. But the frequency with which it changes, not to mention the current length of the bills (more than 400 and 500 pages for the House and Senate versions, respectively), makes it difficult to sift Read more…
The Equifax Security Breach: What You Should Know
The recent Equifax security breach has been on the forefront of many minds this week. The 143 million Americans—about half the U.S. population—affected may have had their social security numbers, birth dates, addresses, drivers’ license numbers, some credit card numbers and other personal Read more…
Will Comprehensive Tax Reform Finally become a Reality?
With a surprise win by Donald Trump in the presidential election and control maintained by Republicans in both houses of Congress, we may be on the verge of our nation’s first comprehensive tax reform since 1986. Since that time, the Federal tax law has grown from 26,000 pages to 70,000 pages. So, Read more…
