More States Adopt the Pass-Through Entity (SALT Cap Workaround)

Scott S. Keen, CPA Tax Planning For Businesses, Tax Planning For Individuals, Tax Reform Leave a Comment

With the passage of the 2017 Tax Cuts and Jobs Act (TCJA), many higher earners were hit with a rude surprise. The TCJA placed a $10,000 cap on allowable state …

Employee Retention Credit Ends With New Infrastructure Bill

Tristan F. Spence, CPA, CVA Tax Planning For Businesses, Business Management, Tax Reform Leave a Comment

The $1.2 trillion Infrastructure Investment and Jobs Act signed into law by President Biden contains a provision effectively ending the Employee Retention Credit, also known as the Employee Retention Tax …

Market Review and Outlook: 3Q 2021

Glass Jacobson Financial Group Investing, Economic Update Leave a Comment

Although global growth has slowed recently, the U.S. economy should fully recover from the pandemic during the first quarter of 2022. This will occur when actual GDP rises to the level of GDP forecasted by its long-term growth trend had the economy continued to expand instead of entering recession in the first quarter of 2020.

Market Review and Outlook: 2Q 2021

Market Review and Outlook: 2Q 2021

Glass Jacobson Financial Group Investing, Economic Update Leave a Comment

The second quarter’s economic surge encourages a full recovery to pre-pandemic GDP by the end of 2021. Additionally, the robust economic recovery belies difficulties in the labor market as jobs and unemployment both rise above expectations, and pent-up demand is driving inflation higher, which is certain to test the Fed’s rate targeting policy.