Bitcoin has been all over the news lately as the cryptocurrency has continued to skyrocket in value. In 2017, Bitcoin rose almost 1,400 percent (from $900.86 to $13,444.88), and that was after a big drop in December. That meteoric rise caught the attention of the media, and in late 2017 and early 2018, Bitcoin spread to new audiences due to …
As the United States recovered from the Great Recession, a lot of people paid down personal debt and increased their savings. As the economy has improved, Americans have gone back to spending. According to the Federal Reserve Bank of New York, personal debt rose in the 4th quarter of 2017, marking the 14th consecutive quarter with an increase. As of …
While this image captures many different scenarios, it certainly applies to the recent market activity. Be sure to give us a call if you’d like to talk through the latest changes and your accounts. Imagine being in a boat in the ocean on a very still day. No wind. No swell. The water is as flat as a mirror. The …
By Jack Davidson, CPA, CFP® On Tuesday, December 19th, the House passed the tax reform bill with a vote of 227-203. The tax bill hit a late snag on Tuesday afternoon, as the Senate parliamentarian noted that the House-passed bill contained three minor provisions that violated Senate rules, thus requiring slight modifications. After further deliberations, the Senate passed the bill …
The U.S. House of Representatives passed the long anticipated tax reform bill over two weeks ago on Thursday, November 16th. While the new taxation rates for both corporations and individuals have consumed the majority of headline news, the Tax Cuts and Jobs Act also incorporates several divisive provisions which may significantly impact a number of nonprofit institutions. Some of the …
Following the 2008 financial crisis, the Federal Reserve enacted numerous monetary policies to help stimulate the fragile US economy. The Fed aggressively cut the short-term federal funds rate to nearly zero to encourage lending from banks and financial institutions and spending from consumers and corporations. As the economic outlook weakened further, it also announced its decision to buy mortgage-backed securities …
Yesterday, the much-anticipated Republican tax plan was released to the public. Many hoped this document would provide specifics about what tax reform might actually look like. However, this latest draft is just an expanded version of the two-page document the White House released in April. The framework touches almost every tax category in the Code with the following proposals. Individual …
We want to pass along info on the Equifax security breach and what steps to consider even though THE TRUST COMPANY HAS NOT HAD A SECURITY ISSUE . We encourage you to read the articles linked at the bottom. Acco rding to the Federal Trade Commission, “there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was …
