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Category: Blog

Tax-Free Student Loan Forgiveness is Part of the Latest Covid-19 Relief Bill - Apr. 01, 2021

Tax-Free Student Loan Forgiveness is Part of the Latest Covid-19 Relief BillThe 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 was tax-free only under special programs. Before we look at the changes to come under the ARP, let’s look back at what the previous law provided. […] read more

How Companies Can Become More Nimble During the Product Lifecycle - Apr. 01, 2021

How Companies Can Become More Nimble During the Product LifecycleThe 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 lifecycle and how to work around crises like the COVID-19 pandemic can be effective to help improve the longevity and success of companies. Market Development Stage According […] read more

Roth Conversion in 2021? - Apr. 01, 2021

Roth Conversion in 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, this was an ideal time to convert a traditional IRA into a Roth IRA. When you conduct a Roth conversion, the assets […] read more

3 Best Ways to Save for College - Apr. 01, 2021

3 Best Ways to Save for CollegeWhat 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, American personal finance advisor, here are the top three tax-favored plans to get started. The Education Savings Account (ESA) Otherwise […] read more

Four Essential Questions You Should Ask Your Tax Professional This Season Related to COVID-19 - Mar. 01, 2021

Four Essential Questions You Should Ask Your Tax Professional This Season Related to COVID-19Good 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 four questions below in mind. If your tax preparer doesn’t ask these questions in your tax organizer […] read more

Some Businesses Rely on Line of Credit to Escape Damages Caused by Pandemic - Mar. 01, 2021

Some Businesses Rely on Line of Credit to Escape Damages Caused by PandemicAs 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 line of credit to reach international customers or opportunities outside the United States to make up for the damage COVID-19 […] read more

The Impact of COVID on Life Insurance - Mar. 01, 2021

The Impact of COVID on Life InsuranceIf 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 policy before the pandemic will continue to be covered as long as premiums are paid. However, […] read more

5 Cities Rank as Ideal Locations for Remote Workers - Mar. 01, 2021

5 Cities Rank as Ideal Locations for Remote WorkersAccording 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 this in mind, SmartAsset has examined the best cities to work from home in 2021 and evaluated […] read more

New Year-End Tax Provisions - Feb. 01, 2021

New Year-End Tax ProvisionsIn late December, Congress passed the Consolidated Appropriations Act, which in addition to providing COVID-19 relief provisions also included many tax provisions and extenders. The Act contained many COVID-related tax provisions, as well as a slew of extenders ranging from one year to permanent. This article will focus on the miscellaneous tax and disaster relief […] read more

How Firms Can Restore Balance Sheets to Better Health - Feb. 01, 2021

How Firms Can Restore Balance Sheets to Better HealthAccording to the World Bank Group, for businesses in emerging markets and developing economies, the bottom fourth percentile of the non-financial corporate (NFC) sector saw their balance sheets deteriorate. Looking at these businesses’ Interest Coverage Ratio, the average figure dropped to 0.06 from 0.35 between the fourth quarter of 2019 and in the midst of […] read more