Posts by Steve Pollock
Health Insurance Premiums Paid for S-Corporation Shareholders
Health Insurance Premiums Paid for S-Corporation Shareholders Download: Health Insurance Premiums Paid for S-Corporation Shareholders. To comply with the Internal Revenue Service regulations regarding health insurance provided to an employee who owns a 2% or greater interest in an S-Corporation (a “2% shareholder-employee”), the health insurance premiums for the 2% shareholder-employee must be reported on the…
Read MoreOctober 2023 – Economic and Market Update
EXECUTIVE SUMMARY The 3rd Quarter is over and the end of the year is around the corner. It may or may not feel like the end of the year if you are a resident of California and still haven’t had to file and pay your taxes for 2022. If you are covered under the CA…
Read MoreDivorce Checklist
Divorce is emotional. Which is why it’s good to have a team in place looking out for your best interests. That includes your finances. Generally, we recommend divorcing spouses each work with their own financial advisor, that way you know your advisor is looking out for your best interests throughout the process. The following steps…
Read MoreBuy Vs. Rent: Data Suggests The Decision Has Never Been More Clear-Cut
Chasing Deadlines
In the world of tax accounting, adapting to new deadlines is part of the game. This year, we’ve been on a marathon, with the IRS setting a new finish line at November 16th for California storm victims (source: IRS Newsroom). This recent change marks the third relay race of deadlines in 2022 alone, and it…
Read MoreNavigating the Tax Galaxy: Our Recent Journey at Super Seminar 2023
We recently had the pleasure of attending Super Seminar 2023. With over 40 years of history under the guidance of the California Society of Enrolled Agents (CSEA), Super Seminar sets the standard as a beacon for professional development. Attendance at this event affords participants a wealth of knowledge, tools, and resources that foster growth in…
Read MoreAN ECONOMIC AND MARKET UPDATE – JULY 2023
EXECUTIVE SUMMARY The U.S. economy is proving very resilient. The outlook at the start of the year was for a recession at some point in the second half of 2023. We have not seen the beginnings of a downturn yet, but we are seeing momentum slow. The S&P 500 has rebounded strongly, albeit in a…
Read MoreIncome in retirement: How much will you have to spend?
When you think about income in retirement, there are a number of sources you might be able to use. When and how you use these different income streams can have a big impact on your retirement budget; they’re a key part of a holistic retirement plan. Let’s go over some of the most common sources…
Read MoreU.S Interest Rate Hikes
April 2023 – Economic and Market Update
EXECUTIVE SUMMARY This year has seen the complete reversal of the commodity picture that we saw in 2022. Last year, commodities were the best-performing asset class; this year, they have been the worst. This is a typical trend for commodities as they move from boom to bust. International markets have performed the best, marking the…
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