Articles for April, 2021
Tax and Financial News
Tax-Free Student Loan Forgiveness is Part of the Latest Covid-19 Relief Bill
April, 2021
The recently passed American Rescue Plan (ARP) Act of 2021 includes a provision making nearly all student loan forgiveness tax-free, at least temporarily. Before the ARP, student loan forgiveness...
Four Essential Questions You Should Ask Your Tax Professional This Season Related to COVID-19
March, 2021
Good tax professionals ask the right questions to ensure they understand your situation and can help you to the best extent the law allows. Given the host of pandemic-related tax changes for 2020, it’s good to keep these...
General Business News
How Companies Can Become More Nimble During the Product Lifecycle
April, 2021
The majority of U.S. industrial product company CFOs have shared concerns that COVID-19 would impact their businesses negatively. For companies that develop and manufacture products, understanding the product...
Some Businesses Rely on Line of Credit to Escape Damages Caused by Pandemic
March, 2021
As businesses attempt to work their way through to a post-pandemic world, there are various means to bridge the financial gap. As recommended by the U.S. Small Business Administration (SBA), some companies can use a...
Stock Market News
How Will the Projected Commodity Super-Cycle Impact Investors in 2021?
April, 2021
As the January 2021 World Bank Pink Sheet documented, prices increased month-over-month from November 2020 to December 2020. Highlights include the price of oil jumping by 15 percent. The cost of fertilizer jumped...
How Will Surging Oil Prices Impact the Economy in 2021?
March, 2021
Now that the Keystone XL pipeline is being shut down and southern parts of the United States are experiencing extremely cold weather, how will increasing oil prices impact the economy as the COVID-19 vaccine is being...
Financial Planning
Roth Conversion in 2021?
April, 2021
In 2020, a year when all income brackets benefited from lower tax rates, the stock market took a nosedive at the beginning of the pandemic. For investors sharp enough to see the opportunity...
The Impact of COVID on Life Insurance
March, 2021
If someone you know died from COVID-19 and had an existing life insurance policy, there should be no problem receiving the death benefit. The terms of a life insurance contract cannot be changed after purchase, so anyone with a...
What's New in Technology
How Cloud Accounting Helps Small Businesses Gain Competitive Edge
April, 2021
In a continuously changing business environment, small businesses have a challenge to keep up. It’s especially expensive to keep pace with ever changing technology. Luckily, with affordable...
How AI Chatbots are Transforming Businesses
March, 2021
When a business moves its services online, it runs the risk of losing the close connection it had with customers. This affects customer loyalty and sometimes means lost revenue. Thanks to technology...
Guest Post of the Month
Non-Fungible Tokens and Their Special Taxation
April 2021
Non-fungible tokens (NFTs) have exploded in use and popularity in recent months. NFTs have some special tax considerations to be aware of that can be different than fungible tokens, but before we get into that, let's look at exactly what NFTs are....
Latest Stimulus Bill Provides More Relief for Americans and the Economy
March 2021
Nearly one year after the COIVD-19 pandemic-driven shut-downs began the shutter the economy, Democrats pushed through another $1.9 trillion stimulus package by narrow margins with the President set to sign the bill....
Tip of the Month
3 Best Ways to Save for College
April, 2021
What if you could save enough for your child to go to college debt-free? It might sound impossible, but with dedication, hard work and careful planning, you can do just that. According to Dave Ramsey...
5 Cities Rank as Ideal Locations for Remote Workers
March, 2021
According to the National Bureau of Economic Research, in late spring of 2020 about half of American workers were working from home. Not surprisingly, many researchers believe that this pattern will continue after the pandemic is over. With...
Guest Article of the Month
Why Traders Should Consider Making the Section 475 Election Before the Tax Deadline
April 2021
The deadline has passed to elect Section 475 MTM for tax year 2020, but it's still possible to do so for 2021. In this article, we'll cover the basics about when and how to make the election....
The Return of Section 467 Rental Agreements
March 2021
The Tax Reform Act of 1984 enacted a provision that commercial leases need to be tested under Internal Revenue Code section 467....
Congress at Work
Economic Stimulus, Making the Post Office Solvent Again, Gun Control, Voting Rights and Restricting China's Influence
April, 2021
American Rescue Plan Act of 2021 (HR 1319) – This $1.9 trillion relief bill provides stimulus money to address the continued impact of COVID-19. Provisions include issuing $1,400 checks to...
Securing Jobs for Cabinet and Congress Members, Inspector Generals, and Apprentices - and Honoring Capitol Police Officer Eugene Goodman
March, 2021
To provide for an exception to a limitation against appointment of persons as Secretary of Defense within seven years of relief from active duty as a regular commissioned officer of the Armed Forces (HR 35) – Prior to passage of this...