2021 Social Security Tax and Benefit Increases Announced
Monthly Archives: December 2020
2021 Social Security Tax and Benefit Increases Announced
The Social Security Administration recently announced 2021 increases to both benefits and the taxable wage base for FICA taxes. Increases Announced for 2021 Workers are facing a 3.7 percent increase in the taxable wage base subject to Social Security taxes, increasing … Continue reading
How Businesses Can Adapt, Grow During COVID-19
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 … Continue reading
How Will the Biden Administration Influence the Federal Reserve?
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 … Continue reading
Last Minute Financial Moves for Year’s End
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 … Continue reading
COVID-19 Vaccine Rollout: Where We Are So Far
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 … Continue reading
Will StarLink be the Next Disruption to the Telecommunication Industry?
With every new project comes expectations, uncertainties, questions, opposition, and more. Elon Musk’s StarLink internet is one such project. Just last month, on Nov. 24, SpaceX launched 60 StarLink internet satellites – making a total of more than 900 of … Continue reading
A Flush of Protections for Veterans and Native Americans
Veterans’ Compensation Cost-of-Living Adjustment Act of 2020 (HR 6168) – Introduced by Rep. Elaine Luria (D-VA) on March 10, this bill increases Vet compensation benefits by 1.3 percent (the same as for Social Security recipients). The increase impacts veteran disability … Continue reading
