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2021 Social Security Tax and Benefit Increases Announced

by Service2Client | Dec 1, 2020 | Blog, Tax and Financial News

The Social Security Administration recently announced 2021 increases to both benefits and the taxable wage base for FICA taxes.Increases Announced for 2021Workers are facing a 3.7 percent increase in the taxable wage base subject to Social Security taxes,...

How Businesses Can Adapt, Grow During COVID-19

by Service2Client | Dec 1, 2020 | Blog, General Business News

In order to survive – and even thrive – during these unprecedented times, small businesses have had to find new ways to make money. The UPS Store’s Small Biz Buzz survey found that 41 percent of small businesses in the United States took steps to...

How Will the Biden Administration Influence the Federal Reserve?

by Service2Client | Dec 1, 2020 | Blog, Stock Market News

With the nation on the precipice of a transition of administrations on Jan. 20, 2021, there will need to be many roles filled both in and out of the White House. With the potential for Janet Yellen to replace Steven Mnuchin as the next treasury secretary, there is...

Last Minute Financial Moves for Year’s End

by Service2Client | Dec 1, 2020 | Blog, Financial Planning

There are certain year-end financial transactions that must clear by Dec. 31 to be reported on the 2020 tax return. It’s important to take a good look at your financial portfolio in light of the plethora of unusual events that occurred this year. Now is a good...

COVID-19 Vaccine Rollout: Where We Are So Far

by Service2Client | Dec 1, 2020 | Blog, Tip of the Month

While the pandemic is not over, we do have some good news. There are vaccines and they will be available soon. Here’s where we are in terms of an overall plan and where states are with distributing the vaccines.Operation Warp SpeedThe current administration has...
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