Category: Financial Planning – Taxes

selling small business

Nearly half of all Americans—47.5 percent—are employed by small businesses. This means that approximately 60 million employees in the United States work at a small business. According to the Small Business Administration’s Office, small businesses make up 99.9 percent of all U.S. businesses, hence the terminology “small business is the…

2020 Taxes

On May 28, President Biden’s Major Tax Plan Proposal and Fiscal Year 2022 Budget was released to Congress where he proffered his vision for the “American Jobs Plan” and “American Families Plan” in much greater detail than his previous announcements. In conjunction with this Budget, the Treasury Department released the…

Capital Gains

There are many popular myths and misconceptions around capital gains taxes. Most of these are centered on when the taxes in question apply and how they affect a given investment or asset, and as a result, a misunderstanding of capital gains taxes can be quite costly indeed. While capital gains…

2020 Taxes

With everything going on in the world, it’s easy to forget some of the mundane yet vital tasks most individuals and businesses face. 2020 Taxes are among these; a routine part of life that may get lost in the shuffle. However, even with more dramatic news breaking daily, it’s important…

The Tax Cuts and Jobs Act, a measure that has been characterized as the first major reform of the Internal Revenue Code in 31 years, received final approval from the House and the Senate on December 20, and was signed into law by President Trump two days later on December…