Executive Summary Markets have rebounded significantly though there remains a great deal of uncertainty in the economic environment. Recovery expectations are tempered as reopening policies are being paused and reversed by a number of state and local governments. The good, the bad, and the Fed as it pertains to current economic conditions. Looking Back The … Continued
Humor in the face of challenges seems to one thing that defines us as humans. So, as our lives have been upended, two things have taken place: (1) we’ve found ourselves eternally grateful for those on the front lines helping us get through this pandemic and (2) we make memes. Some of these memes have … Continued
Welcome to your new Paycheck Protection Loan (PPP). Now what? We have provided more details below but let us start by highlighting the most important guidelines to follow to ensure you are on track to qualify for forgiveness. Ensure you have payroll wages of at least 75% of the loan amount over an 8-week period … Continued
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 … Continued
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.
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, … Continued
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 … Continued
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% … Continued
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 … Continued