Market declines like the one we are currently experiencing present great opportunities to take advantage of cheaper asset prices. Almost everyone with a taxable account should be harvesting tax losses during times like these.
Unfortunately, there are some who are taking advantage of the fear and heightened emotions throughout the COVID-19 pandemic to steal personal information and dupe users into paying for fraudulent “charitable funds” or bogus “medical bills.”
The events of the past two years should serve as a good reminder to all of us that no matter what we do every day, we face risks beyond our control. However small the risk may be, there is no way to ensure that you avoid falling victim to these types of events. Not that we should live our lives in constant fear — we should just prepare for the worst and then feel very fortunate should we end up living long and healthy lives.
The Consolidated Appropriations Act, 2021 includes COVID-related relief in the form of the COVID-related Tax Relief Act of 2020 (COVIDTRA) and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTR). COVIDTRA and TCDTR include multiple provisions impacting businesses and individuals to provide relief and stimulate the economy.
Charlotte Partner Greg James recently joined WCNC’s Charlotte Today to discuss four financial strategies for retirees or near-retirees amidst the pandemic. Watch the replay.
Charlotte Parent: How Community Partners Are Improving Literacy Needs for Charlotte Children Amidst the Pandemic
Read our recent feature in Charlotte Parent about Parsec Prize winner Read Charlotte’s reading checkup initiative and what Partner Michael Ziemer does with his young family to prioritize literacy.
The CARES Act is a massive $2.2 trillion fiscal stimulus package providing relief to both individuals and businesses affected by the economic fallout from the coronavirus. The bill is over 600 pages, so we’re highlighting the three sections of the bill that are most applicable to our clients.