Articles for May, 2021
Tax and Financial News
Everything There is to Know About the New Child Tax Credit
May, 2021
The Child Tax Credit as we know it originated during the Clinton administration, but the recently enacted American Rescue Plan created a new version. The updated version of this tax credit could have a beneficial...
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...
General Business News
How Businesses Can Hedge Against Increasing Inflation
May, 2021
Inflation is on the rise. According to a recent Economic News Release from the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index for final demand grew by 1 percent in March. February saw...
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...
Stock Market News
How Will a Steepening Yield Curve Impact Markets?
May, 2021
Based on data from the Federal Reserve Bank of St. Louis, the spread between the 10-year and two-year constant maturity Treasury rates increased by 66 basis points – from 0.48 percent in July 2020...
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...
Financial Planning
New Rules and Ways to Use HSAs/FSAs
May, 2021
People who own a high-deductible health insurance plan may have the ability to open a health savings account (HSA). They can contribute pre-tax income to an HSA and invest the money for tax-free growth...
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...
What's New in Technology
E-Invoicing Presents Opportunities for Businesses to Save
May, 2021
Invoicing is an important process in any business. Unfortunately, it’s also a laborious process that requires accuracy. With technology advances, businesses have tried to use various means to ease...
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...
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....
Tip of the Month
7 Ways to Save 10K a Year
May, 2021
If you’re scratching your head and wondering if we’ve lost our minds, please keep reading. You can do this. All you need to do is plan your steps – and stick to it. After all, Confucius says, “A...
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...
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....
Congress at Work
Advancing Healthcare Initiatives, Small Business Funding and Protecting the Elderly from Scams
May, 2021
FASTER Act of 2021 (HR 578) – This bill expands the definition of major food allergens for food-labeling purposes to include sesame. It is designed to protect Americans with food allergies and related...
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...