COVID-19 Tax Update

Right now, your highest priority is the health of those you love and yourself. That’s why we have put together this letter for you regarding some non-medical but important matters related to the health crisis. Included is a summary of IRS action already taken and federal tax legislation already enacted to ease tax compliance burdens and economic pain caused by COVID-19 (commonly referred to as Coronavirus). Please take a moment to read the full article by clicking here: COVID-19 TAX UPDATE

Paycheck Protection Program

On Friday March 27th the President signed into law the 854-page Coronavirus Aid, Relief and Economic Act
(“CARES Act”). There are several components of the law, but the one likely most important to your business is
found at Title I-Keeping American Workers Paid and Employed Act, Sec. 1102 entitled the Paycheck Protection
Program. Here is what we know about the program as of March 30, 2020.  Paycheck Protection Program March 2020

End of Year Tax Letter 2019

Year-end tax planning in 2019 remains as complicated as ever. Notably, we are still coping with the massive
changes included in the biggest tax law in decades—the Tax Cuts and Jobs Act (TCJA) of 2017—and pinpointing
the optimal strategies. This monumental tax legislation includes a myriad of provisions aff ecting a
wide range of individual and business taxpayers. Please click here to read the letter: 2019 YE Tax Letter

Make sure you’ve got a plan for your RMDs

After all the advice you’ve received about saving for retirement, taking money out of your traditional IRAs and other qualified retirement plans may feel strange. Yet once you reach 70½, the required minimum distribution (RMD) rules say you have to do just that.
[Read more…]

College and credit cards: A good mix?

If you’ve gone back and forth about whether or not it’s a good idea to send your child to college with a credit card, you aren’t alone. Opinions are divided, both among parents and financial advisors. The outcome depends on the kids and the parents.
[Read more…]