Thanks to the IRS, tax return season has gone from bad to worse, and it has begun to impact our high-net-worth clients who are avid, affluent investors in unpleasant ways. A large backlog of unprocessed returns is creating anxiety for many clients who take their tax obligations seriously. This “dumpster fire” of a filing season...
The US Small Business Administration has extended the deferment period for COVID-19 Economic Injury Disaster Loan (EIDL) payments for the third time in 12 months. In a news release, the SBA said that small businesses and not-for-profits that received EIDL funds do not have to begin payments on the loan until 30 months after the...
Markets have been shaken lately, and investors both big and small are searching for direction and strategies to protect their portfolios. Early 2022 already recorded the highest inflation rate in 40 years, and the Federal Reserve has just lifted its key interest rate by a quarter of a percentage point on Wednesday, their first decisive...
The ERC was originally set to expire on December 31, 2021.On November 15, 2021, The Infrastructure Investment and Jobs Act into law. This legislation contains a provision that terminates the employee retention credit early, retroactively to October 1, 2021. The American Rescue Plan Act added a new type of employer that may be eligible for...
Estate planning tends to be avoided due to the distress and fears that facing our mortality brings. But, just like Business Exit Planning is needed to protect the value in your business so it can be transitioned to your heirs, so too is estate planning a necessity for any business owner with financial assets wishing...
