What is the Impact to my Organization for the OMB Compliance Supplement...
Changes are expected to be coming to the U.S Office of Management and Budget (OMB) 2020 Compliance Supplement as federal awarding agencies work to identify COVID-19 funding programs and the need for...
View ArticleWealth Management Quarterly Market Update: October 2020
The Standard and Poor’s (S&P) 500 has registered a year-to-date return of 5.6% ending September 30th. So far, this result compares unfavorably to an S&P 500 average annual return over the last...
View ArticleLegal Considerations for Your Legal Age Children
Your College-Age Children are Adults! Why You Should Be Proactive with a Health Care Directive and Power of Attorney Now that your child has gone off to college, you may be thinking your primary role...
View ArticleFinancial Planning // Part 3: Legacy Planning
If you’ve followed along with Part 1: The Accumulation Strategy and Part 2: The Distribution Strategy, you know we have found ourselves at the finale of our three-part series focusing on the strategic...
View Article2020 Election Tax Watch: Comparing Candidates’ Potential Tax Policies
The U.S. presidential election is just over a month away, yet neither candidate has released a formal, detailed plan addressing his vision for the tax code. We can, however, gain a sense of how their...
View ArticlePPP Loans and Changes in Ownership
The Small Business Administration (SBA) issued a procedural notice effective October 2, 2020 for businesses that previously received a Paycheck Protection Program (PPP) loan that have a change in their...
View ArticlePaycheck Protection Program Loan Forgiveness Relief for Small Loans
The SBA and Treasury Department have issued an additional interim final rule (IFR) on PPP loan forgiveness which provides: Additional guidance regarding the forgiveness and loan review processes for...
View ArticleNew Guidance on Contributed Nonfinancial Assets for Nonprofits
In September 2020, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2020-07 Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets....
View ArticleA Note On Bonds: Do They Have A Spot In Your Financial Plan?
Fixed income, more famously termed as bonds, rarely get the love they deserve, for a variety of different reasons. This post will center on the importance bonds play in your portfolio, no matter your...
View ArticleFinancial Planning for Physicians – Delayed Gratification and the Time Value...
As a physician, you have committed a significant amount of your life to your work. You spent years educating yourself, tens of thousands of dollars in tuition and related expenses, and have extended...
View ArticlePart 1: Retirement Planning Amidst a Recession
It’s a cool fall morning as I type these words. I am watching the sun slowly peak its warmth through the northeastern corner of my basement window, and I am thoroughly enjoying the scalding hot coffee...
View ArticleNew Grant Funding Available for Nebraska Small Businesses and Non-profits
On Monday, October 19, Nebraska Governor Pete Ricketts announced a new round of grant funding available to assist local small businesses and non-profits. As part of the Coronavirus Relief Fund, the...
View ArticleIs Your Property and Evidence Room Processes in Compliance with Standards?
It’s never been more important in today’s chaotic world to make sure your police evidence room is secure and in compliance with IAPE Standards and best practices. Transparency and accountability are...
View ArticlePart 2: Estate Planning Amidst a Recession
Last week’s post brought reflection upon the last ten months and how 2020 has spurred new urgency to financial planning amidst a recessionary environment. While the principles of financial planning...
View ArticleFinancial Planning for Physicians – Working with a Compressed Timeline
Physicians can spend over a decade completing college, medical school, residency, and in some cases, fellowships. At the end of that time, many doctors are faced with significant education loans....
View ArticleDeferral of Social Security Tax Withholding under Notice 2020-65
For businesses that participated in the deferral of social security tax withholdings under the President’s August memorandum and Notice 2020-65, the IRS has provided instructions on how to report this...
View ArticlePart 3: Insurance Planning Amidst a Recession
As we continue to move through the 5 pillars of wealth management on our five-part series of financial planning amidst a recession, it’s important we stop to catch our breath around the pillar of...
View ArticleSIMPLE IRA Plan 2021 Limits Announced – Time is Now to Notify Employees of...
On October 26, the Internal Revenue Service (IRS) announced 2021 inflation-adjusted limits for all retirement plans, including SIMPLE IRA plans. Employees who are participants in employer sponsored...
View ArticlePart 4: Tax Planning Around Your IRA
The Tax Planning pillar is timely given the end of the year is approaching and the window for executing specific strategies for the taxable year is closing soon. As employees with set annual salaries,...
View Article3 Key Ways to Minimize Your Company’s Risk of Fraud
It’s the 20th anniversary of International Fraud Awareness week! Although the importance of preventing fraud has been prevalent for years, it is still a crucial factor that many organizations do not...
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