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  • Answers to Common Questions About the Coronavirus Stimulus Checks

    Posted Date April 14, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 5 min read So many checks and even more questions! There is a lot of confusion out there over the details surrounding the coronavirus stimulus checks, so below we’ve compiled a list of frequently asked questions and answers. How much will the check be for? Each adult will receive $1,200; if you filed as married jointly, you’ll get $2,400; with an extra $500 for each qualifying child. How to check the status of my Stimulus Check?  https://www.irs.gov/coronavirus/get-my-payment What if I didn’t make any money last year or I was on a reduced income? It doesn’t matter. There is... View Article

  • 6 Financial Tips for an Emergency

    Posted Date April 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readThe effect of the coronavirus on our lives is unprecedented. While we’re all sheltering in place while trying to manage our daily tasks, it’s undoubtedly taking a toll on us mentally, physically and financially. Here are some tips to help you weather this storm of economic uncertainty. Get Started on Being Liquid Experts suggest having three to six months of savings on hand. However, this might not be realistic for some. Don’t despair: start saving now. If your employer pays you via direct deposit, ask if they’ll deposit a percentage into your savings. If that’s not... View Article

  • The Economic Impact of Coronavirus

    Posted Date April 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readIn the days ahead, the COVID-19 pandemic will likely be described in economic terms as a Black Swan. This phrase is used to describe an event that: 1) was unpredictable; 2) causes severe and widespread consequences; and 3) in hindsight was determined to be wholly predictable. What will be interesting going forward is how much the virus, and its impact on the economy and financial markets, ultimately affects individual portfolios. It’s worth noting that many economists spent the whole of 2019 cautioning that a recession and market correction was imminent. To what extent investors took heed... View Article

  • Focused Almost Exclusively on Mitigating the Health and Economic Impact of the Coronavirus

    Posted Date April 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readCoronavirus Preparedness and Response Supplemental Appropriations Act, 2020 (HR 6074) – Introduced by Rep. Nita Lowey (D-NY), this was the first bill passed to authorize funding in response to the COVID-19 outbreak. It was introduced on March 4 and signed into law on March 6. The legislation provides $8.3 billion in emergency funding for federal agencies to respond to the coronavirus outbreak. It includes appropriations for the Department of Health and Human Services, the State Department and the Small Business Administration for the development, manufacture and procurement of vaccines and other medical supplies; grants for state,... View Article

  • New to Remote Working? Here are Some Tips for Staying Productive

    Posted Date April 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readThe COVID-19 pandemic has seen a rise in remote working. Even organizations that have always been against it have their employees working from home. With some areas experiencing complete lockdowns, this means you find yourself in an unfamiliar work environment. Remote working means that you have to work outside a traditional office environment. Although some people already have experience working remotely, there are a good number of workers who might have a hard time getting anything done from home. This is particularly true for those  with a family that includes young children. But with the current... View Article

  • CARES Act – Coronavirus Aid, Relief, and Economic Security Act

    Posted Date April 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 7 min readU.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the tax and non-tax provisions of the government’s new stimulus legislation, including what type of assistance is available for individuals and businesses, how to apply for it, and what to do if you become unemployed. The summary is divided into two sections,... View Article

  • Should You File an Amended 2018 Return?

    Posted Date April 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readDuring the holiday season in December, Congress passed the Consolidated Budget Appropriations Act of 2020. Included in this Act was a tax package that renewed more than 24 tax provisions through what are known as extenders. An extender makes a tax provision effective retroactively. Some of the extender provisions are rather esoteric, so we’ll only focus on those most applicable to the broader taxpayer base. Extenders in More Detail Among the widely applicable extender provisions, there are the following. It’s best to check with your tax professional to see which of the more than two dozen... View Article

  • 7 Ways to Avoid Investment Fraud

    Posted Date March 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readThese days, you can’t be too careful when it comes to investments. And if you’re older, you’re a prime target for fraudsters. That said, anyone of any age is vulnerable. Here are a few key things to keep in mind when you’re considering investing.       Ask Lots of Questions Of course, you’re going to ask questions, but make sure you ask the right ones. Is the product registered with the SEC or state securities agencies? What are the fees? How does the company make money? What things might affect the value of the investment? Are... View Article

  • SECURE Act Seeks to Help Americans Save More for the Golden Years

    Posted Date March 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readAt the end of 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act as part of a year-end appropriations package. This bill is designed to address specific issues related to retirement savings plans in an effort to help Americans save more for retirement. Retirement Plan Contributions People are living longer, and a decrease in employer-sponsored pensions has resulted in retirees relying more on Social Security benefits than in the past. So first, the SECURE Act eliminated the age limit on traditional IRA contributions so that people who work into their 70s and... View Article

  • Understanding Three Revenue Metrics

    Posted Date March 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readAccording to the 2019 Small Business Profile, a project from the U.S. Small Business Administration’s Office of Advocacy, there are 30.2 million small businesses, making up 99.9 percent of all U.S. businesses. With 59.9 million of these small business employees making up 47.3 percent of workers in the United States, it’s clear that this is an important segment of the American economy. With small businesses striving for profitability, the following are some examples of how they can measure their revenue targets, helping them increase their chances of profitability. Average Revenue Per User (ARPU) This ratio can... View Article

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