Roth Conversion in 2021?
In 2020, a year when all income brackets benefited from lower tax rates, the stock market took a nosedive at the beginning of the pandemic. For investors sharp enough to…
In 2020, a year when all income brackets benefited from lower tax rates, the stock market took a nosedive at the beginning of the pandemic. For investors sharp enough to…
The Social Security Administration recently announced 2021 increases to both benefits and the taxable wage base for FICA taxes.Increases Announced for 2021Workers are facing a 3.7 percent increase in the taxable…
Are inheritances taxable? This is a frequently misunderstood taxation issue, and the answer can be complicated. When someone passes away, all of their assets (their estate) will be subject to…
When Congress initially authorized the Paycheck Protection Program, its intent was to provide loans that would be partially or completely forgiven if used for the intended purposes of helping businesses…
It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a fair market value so low that…
Some folks have been tapping or suspending their retirement savings to make ends meet during this COVID-19 pandemic, and although understandable, it is important that they continue making contributions to…
In light of the COVID-19 pandemic, there’s a good chance that you are working from home. For example, in May the Dallas Federal Reserve reported that approximately 35 percent of…
The Senate Republicans’ slimmed-down stimulus bill recently failed to materialize after receiving less than the 60 votes needed to move forward. The “skinny” stimulus bill, with a price tag of…
With winter around the corner and the threat of seasonal viruses looming, a second wave of COVID-19 poses a real threat to our health and business operations, according to Johns…
As bad as the economy is right now due to the COVID outbreak in the United States, many economists are predicting that the long-term outlook is much bleaker. Congress and…