The New Biden Tax Increase (And What to Do About It)

Biden Speech on Tax Increase

Matt Bacon         April 22, 2021 A big announcement came yesterday about regarding the new Biden tax increase. During a scheduled press conference, White House Press Secretary Jen Psaki announced that President Biden will propose raising taxes on the wealthy next week. The tax increases will be used to fund nearly $1 trillion in investments for […]

3 Ideas to Steal for Navigating the Biden 401k Changes

Biden 401k Changes

Matt Bacon        March 4, 2021 President Biden made waves during his run for office with a series of progressive legislative changes. One of those is moving closer to fruition. In a recent Senate hearing, Treasury Secretary Janet Yellen announced that she is looking into changes to current retirement plan rules. Yellen didn’t elaborate on what […]

Why the TikTok App Ban is Making Waves

Matt Bacon         Sep. 23rd, 2020   The Trump administration has railed against Chinese owned social media company TikTok in recent months citing grave national security concerns around data privacy. The rhetoric reached a fever pitch in mid-August with President Trump threatening a full TikTok app ban if corrective measures weren’t immediately taken. Despite a relatively […]

Coronavirus Aid, Relief and Economic Security (CARES) Act

March 27, 2020 Jeff Grodsky, Matt Bacon, Jim Stewart On Wednesday, the Senate unanimously passed a $2 trillion economic rescue plan that will provide relief to the U.S. economy as the Coronavirus rages on. The bill passed the House and was signed by the President this afternoon. This bill is by far the largest stimulus […]

Congress Passes the SECURE Act by Matt Bacon

December 26, 2019 New legislation was recently passed which contains a laundry list of measures designed to expand and modernize the retirement plan system in America. The Setting Every Community Up for Retirement Enhancement, or SECURE act, brings a host of changes for retirees, particularly those with significant tax-deferred savings. What follows is a brief […]

The Tax Cuts and Jobs Act of 2017

January 17th, 2018 On December 22nd, 2017, President Trump signed into law the Tax Cuts and Jobs Act of 2017 (TCJA). We have received many inquiries from clients regarding the impact the TCJA will have on their tax liability. The new law reduces or eliminates many of the deductions afforded to taxpayers who currently itemize […]