Tax Implications of Day Trading
Are you a day trader? In addition to being highly risky, there are tax implications!
COVID-19 and the Importance of Disability Income Insurance
The COVID-19 pandemic has increased the chances of getting sick and not being able to work for an extended period, making disability income insurance (DI) more important than ever, regardless of your age.
Financial Aid Changes on the Horizon
New changes to the FAFSA, including a significant reduction in the number of questions, will take effect for the 2023-2024 school year.
Are You Ready for Tax Season?
Tax time is right around the corner — Are you prepared? We outline where to begin, what’s new for 2020, and which transactions deserve extra attention.
Increased Business Meal Deductions for 2021 and 2022
For 2021 and 2022 only, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 allows businesses to deduct 100% of business meal expenses.
IRA and Retirement Plan Limits for 2021
Many IRA and retirement plan limits are indexed for inflation each year. While some of the limits remain unchanged for 2021, other key numbers have increased.
11 Ways Biden’s Rescue Plan Might Impact Your Taxes
The anticipated cost of Biden’s American Rescue Plan, if all of the proposals are agreed to by Congress, is $1.9 trillion. We outline 11 proposals that may affect your taxes.
Congress Has Authorized a Second Round of PPP Loans
In the Consolidated Appropriations Act, 2021, is a second draw of forgivable Paycheck Protection Program (PPP) loans.
Revisiting the 4% Rule
Saving for retirement is not easy but using your retirement savings wisely can be just as challenging. How much of your savings can you withdraw each year? Withdraw too much and you run the risk of running out of money. Withdraw too little and you may miss out on a more comfortable retirement lifestyle. For…
COVID Relief Package Overview
We provide an overview of many of the tax provisions included in the Consolidated Appropriations Act, 2021.