Tax Reform for Nonprofits

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 …

Unwinding the Federal Reserve’s Monetary Policy and How It Can Impact Your Portfolio

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 …

3 Planning Points for Loved Ones

Originally published in the Knoxville News Sentinel Since I have been writing about my journey with my parents, I thought I would continue on the path of things we all need to do for ourselves, as well as our loved ones. There are three points that I would like to make in this article: advanced health care planning, your legacy …

Tennessee Tax Changes That Could Affect You!

Last year, Tennessee’s legislators and Governor enacted a repeal of the TN Hall Tax effective 2022 and a reduction of the rate from 6% to 5% beginning January, 1 2016.  Last month, they went a step further in repealing the TN Hall Tax and reducing rates paid by residents.  The following schedule outlines the changes and effective dates: 4% of …