Life's certainties include death and taxes, but yearly changes in tax laws bring uncertainty for all taxpayers. The IRS recently announced a 5.4% increase in the thresholds for each tax bracket for 2024 filings. In this blog post, stay informed about tax bracket changes and understand the difference between marginal and effective tax rates.
The stock market continues to experience downward volatility. While we believe that sticking to your goals-based asset allocation is the best strategy for long-term wealth creation, there are other proactive strategies investors can use to benefit from a falling market, including selling stocks at a loss.
If not properly protected, the illiquid nature of a private business can cause headaches for the owner and their family. Therefore, we encourage all independent business owners to follow these three steps when it comes to key legal documents in order to protect their family’s net worth and their legacy in the community.
There is a lot of concern among small business owners about how Democrats in Congress will pay for their legislative priorities. One of these concerns is the potential increase in the top corporate tax rate from 21% to 28%. Here are some steps to think strategically about what tax changes will mean for your business.
The Small Business Administration (SBA) announced a streamlined forgiveness process for PPP loans of $150,000 or less. SBA will open a Direct Forgiveness Portal for qualifying borrowers on August 4, 2021.
President Biden signed the American Rescue Plan Act into law on March 11, 2021. The act provides additional relief for individuals and families, such as a third round of stimulus checks and extended unemployment benefits, as well as several clarifications and updated provisions that are important for your business’s strategic planning – all of which we outline here.