As the Build Back Better Act continues to unfold, more proposals are being revealed to the public – and many major changes are expected to become law. And one area expected to be highly impacted is retirement accounts for high net-worth individuals. Who’s impacted – and how? As stated above,
The year 2020 will never be forgotten, not in the least due to the significant challenges – both professional and personal – brought on by COVID-19. In March, the Coronavirus Aid, Relief, and Economic Security (CARES) Act granted small U.S. businesses the ability to apply for forgivable Paycheck Protection Program
At the end of the 2019 calendar year, Congress passed the Taxpayer Certainty and Disaster Relief Act of 2019 (H.R.3301). One provision of the House Bill related to retroactively extending the income tax credit available for biodiesel and alternative fuels. The tax extender will provide welcome relief to
Recent Interest Rate Cuts After much speculation, the Federal Reserve reduced the interest rate on July 31, 2019. This was the first cut in over a decade. The quarter-point reduction to 2% came as an effort to primarily do three things: Increase inflation to the preferred rate of 2% per