Looking Beyond the SECURE Act

While the SECURE Act has garnered most of the attention recently, including from us in some of our most recent blogs, it was not the only act that passed last year with tax ramifications. The SECURE Act was actually part of a broader act called the Further Consolidated Appropriations Act, 2020. This Act prevented a government shutdown, laid out how the government will appropriate funds across various departments and provided some tax updates outside of the SECURE act. In this blog, we will talk about some of those updates.  
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How the SECURE Act Impacts Small Businesses

Employees of small businesses tend to save less for retirement. This is in part due to a lack of access to retirement plans as small businesses are less likely than larger corporations to offer employer plans. In an effort to increase opportunities for employers to provide retirement savings opportunities to their employees, there have been several changes to employer-provided retirement plans.  
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How the SECURE Act Impacts Individuals

Just before the holiday recess, the House and Senate passed the Further Consolidated Appropriations Act which the President signed into law on December 20, 2019. The new Act prevented a government shutdown and laid out the appropriation of funds across government departments and programs. As is fairly typical with a year-end appropriation bill, there were several tax provisions that were added, the SECURE Act being among them. In case you were wondering, "SECURE" stands for "Setting Every Community Up for Retirement Enhancement." The SECURE act impacts individuals and businesses. In this article, we will focus on some of the key tax changes that impact individuals. In a later article, we will focus on how businesses are impacted.  
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From $47B to $8B in Nine Months

on January 13, 2020 |By Jarrod Musick, CFP® | Business Owners
How does $47B turn into $8B in nine months? Ask WeWork.   For any entrepreneur, what you should expect to receive from a business exit depends on several factors, most of which are outside of your control. WeWork gives us a high-profile cautionary tale of how an external sale can flame out very quickly.  
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Market & Economy Report: Q1 2020

As my wife and I hone-in on 10 years of marriage, I’ve come to learn that there are two things that a married couple will never, ever agree upon:   1)  The appropriate ambient temperature inside of their home. 2)  The proper way to load a dishwasher. Sidenote: my wife and I can’t even agree upon the proper terminology for this task, as she uses the word ‘stack’ while I use the correct term - ‘load’.  
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