Ryan Detrick (LPL) has some data on inauguration to inauguration returns for each modern President. The outgoing guy’s numbers were pretty good. He should get some credit (tax cuts fueled increased buybacks + dividends), but not as much as the Fed and Treasury’s response to COVID-19. There are always too many variables to credit or […]
Archives for 2021
IRS explains extended payroll tax due dates
The IRS has issued guidance (Notice 2021-11) to address how employers who elected to defer certain employees’ payroll taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year. Notice 2020-65 gave employers the option to defer certain employees’ Social Security taxes from Sept. 1, 2020, […]
The future of healthcare: Part 1 How IoT’s magic is reshaping our lives
Since the dawn of time, people have believed in magic. Myths and legends have been told about lamps with genies, talking mirrors, flying carpets, and other magical objects able to give their owners extraordinary powers. In the human imagination, a simple, mundane thing could be given supernatural features and turned into a multi-purpose tool with […]
Updated PPP loan forgiveness applications and rules unveiled
The US Small Business Administration (SBA) and Treasury on Tuesday published updated Paycheck Protection Program (PPP) loan forgiveness guidance and forms, including a one-page application for borrowers that received a PPP loan of $150,000 or less. That form, called the PPP Loan Forgiveness Application Form 3508S, can be used by borrowers that received a PPP […]
Why The New 100%-Of-AGI Charitable Deduction Limit Isn’t Actually Good Tax Planning
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Oaktree’s Howard Marks says this tax proposal in the U.S. makes investing less attractive
U.S. Treasury Secretary nominee Janet Yellen reportedly said she would consider taxing unrealized capital gains — but billionaire investor Howard Marks said it’s not a practical plan and could hurt sentiment among investor. “I think that would hit sentiment. It would obviously make it less attractive to be an investor, all things being equal,” said […]
CPI inflation doubles to 0.6%
CPI inflation doubled in December to 0.6% from 0.3% the previous month. Rising transport costs, along with increases in the price of clothing and recreation items, fuelled the increase although the rate remains historically low and well below the Government’s 2% target. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate […]
Be smart with your IoT dollar
Where should you invest in IoT? It’s easy to say just throw money at your weakest areas or go and spend money without knowing about the payback. If we want to be a good steward of our resources, we need to be smart with our resources and specifically your money! Baseline, where are you, asks […]
Bullish with a Chance of Civil War
[embedded content] Subscribe! Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Stimulus Priced In? – Did the rocket higher in small caps and cyclical stocks signify all of the optimism about larger […]
Some individual taxpayers get relief from underpayment penalty
Certain individuals will not be subject to the Sec. 6654 penalty on the underpayment of estimated income taxes if the underpayment is solely attributable to the recent repeal of the excess business loss limitations, the IRS announced on Tuesday (Notice 2021-8). Sec. 461(I)(1)(B), which was amended by the Coronavirus Aid, Relief, and Economic Security (CARES) […]