Newsletters

Roth IRA as College Savings Vehicle

Posted August 2020

When selecting a vehicle for college savings, most people naturally gravitate toward the Section 529 Plan (529 Plan). It offers some remarkable benefits and afterall, it is called a “college saving fund.” But before making this decision, it is a good idea to explore some of the alternatives, especially the Roth IRA.

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Tax Filing Reminders – August 2020

September 15th
September 30th
October 15th

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New Health Benefits in CARES Act

Posted August 2020

When selecting a vehicle for college savings, most people naturally gravitate toward the Section 529 Plan (529 Plan). It offers some remarkable benefits and afterall, it is called a “college saving fund.” But before making this decision, it is a good idea to explore some of the alternatives, especially the Roth IRA. Both the Roth IRA and 529 Plan are funded with nondeductible contributions and allow you to take qualified distributions of contributions and earnings tax-free. Some 529 Plans even offer state tax benefits.

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New PPP FAQs and Forgiveness Tool

Posted August 2020

The Treasury and Small Business Administration (SBA) released guidance on August 4, 2020, answering 23 frequently asked questions regarding the forgiveness of Paycheck Protection Program (PPP) loans. The 10-page FAQs covers the calculations and process to determine how much of a PPP loan is forgivable. The key topics are (1) General loan forgiveness, (2) Payroll costs, (3) Nonpayroll costs, and (4) Forgiveness reductions.

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