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Insights

Bridging the Gap

Between industry news and personal experience.

April 2021 Market Insights Thumbnail

April 2021 Market Insights

Year-to-date, the equity markets continue to show positive momentum, reflecting growing signs of the economic recovery and rising expectations for corporate earnings. The S&P 500 is up 11.5% year-to-date as of yesterday’s close.

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Health Insurance Reimbursement Arrangements for Small Business Thumbnail

Health Insurance Reimbursement Arrangements for Small Business

Many of our small business clients ask if they can reimburse their employees for health insurance. Although you cannot give your employees money directly for their healthcare expenses, there is a tax advantaged health benefit that allows employers to reimburse their employees for their healthcare expenses. This benefit is called a Health Reimbursement Arrangement or an HRA.

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The American Rescue Plan Act of 2021:  What Small Business Owners Need to Know Thumbnail

The American Rescue Plan Act of 2021: What Small Business Owners Need to Know

The American Rescue Plan, 2021 (ARPA, 2021) was signed by President Biden on March 11, 2021 to address the continuing economic impact on small businesses, employers, and employees due to the coronavirus (COVID-19) pandemic. The legislation extends and expands provisions found in the Families First Coronavirus Relief Act (FFCRA), Coronavirus Aid, Relief and Economic Security (CARES) Act, and the Consolidated Appropriations Act, 2021 (CAA, 2021).

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March 2021 Market Insights Thumbnail

March 2021 Market Insights

Looking at 1-year returns, we are at an extreme moment in time. While the closing low for stocks in 2020 came on March 23rd, the 1-year returns from March 16th are still impressive: large cap, mid cap, small cap, and international stock indices have generally gained 60% or more. Treasury bonds, viewed as the safe haven, have not fared well due to rising interest rates. While the price of gold has increased over the past year, relative to the S&P 500, the performance is near the 10-year low seen in 2018.

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American Rescue Plan Act of 2021: What Individuals Need to Know Thumbnail

American Rescue Plan Act of 2021: What Individuals Need to Know

President Biden signed a $1.9 trillion dollar bill into law on March 11, 2021. The American Rescue Plan Act of 2021 provides a third round of stimulus checks (with some new provisions and tighter income limits), increases the child tax credits available for 2021, makes some unemployment benefits non-taxable, extends some of the current federal unemployment benefits until September 6, 2021, provides a break on COBRA and Affordable Care Act (ACA) premiums for some individuals, and includes a variety of other provisions for individuals and businesses in 2021.

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PPP Update: Change for Schedule C Filers Thumbnail

PPP Update: Change for Schedule C Filers

On Wednesday, March 3, 2021, the Small Business Administration (SBA) released new applications with revised calculations for the Paycheck Protection Program (PPP) loans specifically for self-employed individuals who file their business operations on Form 1040 Schedule C.

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Ohio Unemployment Fraud - What if I'm a Victim? Thumbnail

Ohio Unemployment Fraud - What if I'm a Victim?

Ohio unemployment compensation fraud is running rampant. The Ohio Department of Job and Family Services reported that for the week ending February 6, there were 44,000 potentially fraudulent unemployment claims out of 140,444 (31%). You may know a friend or family member that has been targeted in this identity theft scam or you may be a victim yourself.

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Update: Paycheck Protection Program (PPP2) Thumbnail

Update: Paycheck Protection Program (PPP2)

The White House announced changes to the current Payroll Protection Program (PPP2) with the intent of further helping small businesses and sole proprietors. Although the program is currently open to all eligible businesses, beginning tomorrow, February 24, only business with 20 or fewer employees will be able to apply for funding.

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A Guide to Estate Planning Thumbnail

A Guide to Estate Planning

Many acknowledge they are in need of an estate plan yet struggle to actually put a plan in place. In fact, a recent 2021 study by caring.com found that only 32% of adult Americans have a will or another type of estate plan in place. The study also points out that the majority of those that do have documents in place are 55 and older.

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February 2021 Market Insights Thumbnail

February 2021 Market Insights

Month-to-date, February’s stock market performance has certainly been making up for January’s disappointing end. There are several reasons for the equity market’s overall optimism, all of which point toward better days ahead for the economy.

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