President Biden has been talking about increasing taxes for wealthy Americans since he started running for office. He formally released his proposed changes as part of the American Families Plan in April of this year. As often happens in the U.S. legislation process, there were lots of negotiations and compromises behind the scenes. The Ways and Means Committee recently released their votable version of a 645-page bill , which has significant changes from President Biden’s original... Read More

On March 28, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed. This stimulus package covers a lot of ground and allocates more than $2 trillion to support both businesses and families as we continue to struggle through these unique and difficult times. Our summary of the support for small and medium size businesses, distributed in a prior email, can be found here . Part 2: Personal Finances It is important to understand how changes in legislation, rules, and... Read More

The COVID-19 pandemic has taken its toll on our country and the world. The outbreak has expanded dramatically inside the U.S. and across the globe. Each country is struggling with health and economic issues as a result. All of the resources in our country – from federal agencies to doctors, and nurses – are working hard to contain this outbreak. Many states and cities have either reactively or proactively shut down non-essential activities and implemented stay at home... Read More

On December 22nd the Tax Cut and Jobs Act became law and with it significant changes to how businesses and individuals will be taxed beginning in 2018. Usually when a tax bill passes we try to summarize all of the changes but in this case the changes are more than we can address in a single post, so I will address some of the big items and provide resources if you want to dive deeper. This tax reform is far from perfect. There are some good features and some bad ones. Below you will find our... Read More