Gov. Hogan Introduces More Tax Relief for Individuals and Businesses

Glass Jacobson Wealth Advisors Tax Planning For Businesses, Tax Planning For Individuals, Tax Reform 2 Comments

On January 19, Maryland Gov. Larry Hogan presented a $58.2 billion budget proposal based on an unprecedented level of surpluses and revenue growth for the state. The plan proposes generous …

All Time High Anxiety

Glass Jacobson Wealth Advisors Economic Update Leave a Comment

Investors should take comfort knowing that share prices are not fighting the forces of gravity when they move higher and have confidence that record highs only tell us the system is working just as we would expect—nothing more.

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 Wealth Advisors 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.