Category
Key Retirement and Tax Numbers for 2021
By Anne ZavagliaPosted on February 2nd, 2021
Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. […]
Learn MoreCongress Approves New Round of PPP Loans
By Anne ZavagliaPosted on December 30th, 2020
The latest stimulus bill will provide $284 billion in forgivable Paycheck Protection Program (PPP) loans for small businesses. Hard hit businesses can apply for a […]
Learn More401(K) Plan Part-time Employee Eligibility Requirements
By Anne ZavagliaPosted on December 30th, 2020
The SECURE Act which passed at the end of 2019 requires 401(k) plans to include long-term, part-time employees beginning January 1, 2021. Please note: The […]
Learn MoreExpenses Paid with PPP Loan Proceeds Not Deductible
By Anne ZavagliaPosted on December 1st, 2020
Small businesses that received a Paycheck Protection Program (PPP) Loan are able to have their loan forgiven if the loan proceeds were used for certain […]
Learn MoreAfter Biden Win, How Should You Plan With Taxes In Mind?
By Anne ZavagliaPosted on October 31st, 2020
Although President-elect Joe Biden has not yet officially been sworn into office, it’s not too early to start thinking about changes ahead. Joe Biden’s Tax […]
Learn MoreWhy You May Want to Consider a Roth Conversion Now
By Anne ZavagliaPosted on October 1st, 2020
Tax policy will play a big role in the election. The current tax rates are due to sunset after 2025. That means for most taxpayers, […]
Learn MoreAre You Donating to Charity this Year?
By Anne ZavagliaPosted on September 30th, 2020
Tax payers that itemize deductions on their federal income tax return can generally deduct gifts to qualified charities. The 2017 tax reform significantly increased the […]
Learn MoreDOL Releases Interim Final Rule on Lifetime Income Disclosures
By Anne ZavagliaPosted on August 31st, 2020
The U.S. Department of Labor (DOL) has released their Interim Final Rule in response to the SECURE Act’s requirement that administrators of defined contribution plans […]
Learn MoreThe Next Phase of Economic Relief
By Anne ZavagliaPosted on August 3rd, 2020
As the COVID-19 pandemic continues, Congress has introduced a number of additional economic relief bills to help Americans. Late last month, Senate Republicans introduced the […]
Learn MoreThinking About a Roth Conversion This Year?
By Anne ZavagliaPosted on July 2nd, 2020
The low tax environment coupled with market volatility makes Roth Conversions even more appealing this year. The current tax rates are set to sunset after […]
Learn More