If you own a small business, are self-employed or are an independent contractor, the Coronavirus Aid, Relief and Economic Security (CARES) Act provides billions of dollars of assistance that may be able to help you.
With the tremendous uncertainty surrounding the coronavirus outbreak and its ultimate global socio-economic impact, many are left wondering what “normal” will look like in a post-coronavirus world.
Episode 2: The SECURE Act In this episode of the Wescott Podcast series, members of Wescott’s Tax Alpha Group, Senior Financial Advisors Chris Cortese and Bob Waskiewicz, discuss the recently-passed SECURE Act, and the ramifications it may have on your financial future.
No one plans to get divorced. Yet for couples in their 50s and older, so-called “gray divorce” can be a particularly complex and contentious undertaking.
Charitable giving provides families with an opportunity to build a legacy and meaningfully impact the causes most important to them, but effective charitable giving requires a smart strategy. When and how you give makes all the difference.
New legislation making its way through Congress has the potential to create significant changes around retirement planning and individual retirement accounts (IRAs).
The Tax Cuts and Jobs Act of 2017 may have been signed into law in 2017, but many of the significant changes that made headlines last year are taking effect on tax returns for the first time this year.
While the ink’s barely dry on the Tax Cuts & Jobs Act (TCJA), which went into effect in January 2018, the Trump administration is already considering additional reforms that would have major implications for taxpayers. One idea garnering significant attention focuses on indexing capital gains for inflation.
This month, President-elect Donald Trump will take office and business owners around the country will await clarity on the future of corporate tax law. The incoming administration has positioned itself as pro-business and pro-growth, outlining a tax plan that would potentially grant small businesses more cash flow and financial flexibility. While there are still many…
