PPP loan borrowers are eligible for full loan forgiveness if they meet certain criteria as outlined by the U.S. Department of Treasury and Small Business Administration. Borrowers that do not satisfy requirements can have loan forgiveness reduced or denied. You must carefully evaluate the use of funds, navigate complex rules, prepare necessary supporting documentation, complete…
The American Rescue Plan Act of 2021 significantly increases the Child Tax Credit (CTC) for one year to help families impacted by the pandemic. Millions of eligible families will receive a CTC of $3,000 to $3,600 for each child. Additionally, half of the credit will be paid in advance. On July 15th, the IRS will…
For many families, a huge concern is finding a way to pay for their children’s college education. Especially, with the climbing cost of higher education. According to the College Board’s Trends in College Pricing and Student Aid 2020 report, the average cost of tuition in 2020-2021 was $37,650 in private colleges, $10,560 at public colleges, and $27,020 at…
You can achieve your goals for retirement with proactive planning and wise asset management. Take action sooner rather than later to put yourself in the best position for the future you envision. It’s never too late to start. Begin exploring your retirement options and identify critical issues you should consider when planning. How much do…