Photo of a sign hanging in a store window that reads "Sorry, We're Closed"

Many businesses have suffered financial losses due to the COVID-19 crisis. Some may even be on the verge of bankruptcy or otherwise looking for an exit strategy. Fortunately, there’s an upside: Adverse market conditions can create opportunities for investors with excess cash and access to capital to acquire and then turn around distressed businesses. Here’s some…

Read More

If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. Under the estate tax rules, life insurance will be included in your…

Read More

The Social Security Administration (SSA) has announced that the 2020 wage base for computing the Social Security tax (OASDI) will increase to $137,700. This is up from $132,900 for 2019. The wage base is the maximum amount of earnings subject to Social Security tax. For 2020, the Federal Insurance Contributions Act (FICA) tax rate for…

Read More