Posts by Steve Pollock
April 2020 – An Economic and Market Update
Executive Summary Stock markets plummeted, the global economy came to a screeching halt, and the government gave out a LOT of money. There has been a lot of activity in our portfolios as we have performed ongoing rebalancing and tax-loss harvesting. There are financial strategies, such as a Roth Conversion, for if this shutdown lasts…
Read MoreThe CARES Act Webinar
Our very own Jessica Folsom, EA provides a comprehensive overview on the CARES Act and how it applies to the gigworker, freelancer and the self employed.
Read MoreSpecial Report – A CARES Act Update
On March 27, 2020, congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in response to the Coronavirus pandemic that has caused worldwide economic and social turmoil. Our goal in this update is to highlight the tax and financial aspects of how this $2tn bill will affect many of our clients. As such,…
Read MoreSpecial Report – A Fourth Update
The daily cadence of life has certainly been interrupted by these interesting times. We sincerely hope each of you is finding a good way of coping with the disruption to your schedule. As most parents of any age can probably relate too, our houses have turned into roller-skating rinks with all furniture pushed to the…
Read MoreSpecial Report – A Third Update
We have now seen significant responses from both the Federal Reserve and the Federal Government to the threat that the Coronavirus pandemic represents to the economy. The monetary policy came first with a .5% cut to the Fed Funds rate, followed quickly by an additional 1% cut on Sunday evening to bring us to 0%…
Read MoreSpecial Report – A Second Update
The Coronavirus has made it to the U.S., and the data is likely to get far worse before it starts getting better. We are not epidemiologists, but it seems reasonable to expect our experience in the U.S. to be like other countries. Once widespread testing takes hold, the number of positive cases will jump. The…
Read MoreThe Coronavirus: A Mid-Quarter Update
The following is a brief analysis of what we see occurring in the markets right now as a result of the COVID-19 outbreak in addition to a variety of resources we have found useful. Please do not hesitate to call us if you have any concerns about how the current market downturn is impacting your…
Read MoreThe ABC Test
In 2019, the Governor signed AB 5. Under AB 5, most workers are presumed to be employees for purposes of the Labor Code, the Unemployment Insurance Code, and for most wage orders of the Industrial Welfare Commission unless a hiring entity satisfies a three-factor test, referred to as the ABC test. This means that many…
Read MoreThe Highlights of 2019
The end of the year, and the decade for that matter, came and went just like most other days. If you were paying attention to news feeds it is likely you were bombarded with an enormous number of retrospectives of notable events of the last year and decade. The ubiquitous “Best of …” lists were…
Read MoreJanuary 2020 – An Economic and Market Update
Executive Summary Stock indexes posted incredible gains this year, shaking off persistent fears of a global slowdown and trade wars. Domestic growth prospects are favorable for the time being, but there may be structural problems coming in the form of declining global populations. Congress passed the SECURE Act and it brings with it changes that…
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