Inflation Reduction Act
Senator Joe Manchin and Senator Charles Schumer reached an agreement on a scaled-back version of the Build Back Better Act with the...
Federal Reserve Increases Rate by .75% Again
For the second straight month, the Federal Reserve has raised its benchmark interest rate by .75%. This is the fourth rate hike since...
Senate Finance Committee Advances Retirement Legislation
On June 22, 2022, the Senate Finance Committee voted unanimously to advance the Enhance American Retirement Now (EARN) Act. This bill is...
Pennsylvania to Reduce Corporate Net Income Tax Rate to 4.99% by 2031
From having the second-highest Corporate Net Income (CNI) tax rate in the country at 9.99%, Pennsylvania will soon have the sixth-lowest...
Social Security Trust Fund Depletion Pushed to 2035 in New Report
Every year the Trustees of the Social Security and Medicare trust funds issue a report on the current and projected financial status of...
Personal Goodwill: A Brief Overview
Personal goodwill is derived from the characteristics of a person, usually the owner or key employees of a company. This is an...
Whole Life Insurance as an Investment Vehicle
Many of you have probably seen advertisements on using life insurance as an additional investment opportunity, that promise amazing rates...
Federal Reserve Announces .75% Rate Hike
On June 15, 2022, the Federal Reserve hiked interest rates by three-quarters of a percentage in their most aggressive move since 1994 in...
Asset Purchase vs Stock Purchase
Under an asset purchase, the buyer purchases all or a portion of a business’s assets and liabilities from the seller. These assets...
Monetized Installment Sales
The IRS has released a list dubbed “Dirty Dozen” which includes potentially abusive arrangements that taxpayers should avoid. One such...
