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COVID-19 EIDL Loan Limit Increased

By Felicia Harris March 26, 2021Financial Reports

The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021

Key Retirement and Tax Numbers for 2021

By Felicia Harris March 21, 2021Financial ReportsNo Comments

Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deductions, exclusion, exemption, and threshold amounts. Here are a few of the key adjustments for 2021.

Tax Filing Information for Coronavirus Distributions

By Felicia Harris March 14, 2021Financial Reports

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The legislation included a provision that allowed qualified retirement plan participants and IRA account holders to take penalty-free early distributions totaling no more than $100,000 between January 1 and December 31, 2020. If you took advantage of this measure, here's what you need to know for tax filing.

Due Date Approaches for 2020 Federal Income Tax Returns

By Felicia Harris March 7, 2021Financial Reports

You'll need these records whether you're preparing your own return or paying someone else to prepare your tax return for you. Don't procrastinate. The filing deadline for individuals is generally Thursday, April 15, 2021.

A Financial Wellness Plan Can Help Pave the Road to Retirement

By Felicia Harris February 28, 2021Financial Reports, Training Tips

If we've learned any lesson over the past year, it's that no matter how carefully we plan and prepare, we'll likely encounter unexpected hurdles. While a global pandemic has certainly underscored the need to pay close attention to our physical wellness, it has also revealed the need to shore up our financial wellness.

Impact of COVID-19 on Working Parents

By Felicia Harris February 21, 2021Financial Reports, Training Tips

According to the U.S. Census Bureau, around one in five working-age adults (ages 18 to 64) with children said the reason they were not working was because COVID-19

Majority of Young Adults Living at Home

By Felicia Harris February 14, 2021Financial Reports, Training Tips

Majority of Young Adults Living at Home

Are Value Stocks Poised for a Comeback?

By Felicia Harris February 7, 2021Financial Reports

Are Value Stocks Poised for a Comeback? Growth stocks have dominated the market for the last decade, led by tech giants and other fast-growing companies. While it's possible this trend may continue, some analysts think that value stocks may have strong appeal during the economic recovery.1

COVID-19 Targeted EIDL Advance

By Felicia Harris February 6, 2021Financial Reports

COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency.