Williams & Schiller Resources

Helpful information, financial tips and updates

Our Financial Blog

Read our periodic blog below to stay up to date on ever-changing tax rules and IRS regulations. We also enjoy passing on financial advice and tips, market data and more. Please be our guest and read on below!

22
May

Cash Planning, Bank Failures, FDIC Insurance and Protecting Assets

With the failure of a few banks over the past few weeks, there is concern about contagion in the banking sector, and questions being asked regarding whether we will see other bank failures.  We can’t predict the future, but we can provide some information on what we see as best practices for clients to protect...
Read More
14
Feb

Tax Day for Corporations and Partnerships

For those of you who have already filed, please delete this message and enjoy your afternoon. If you have not yet filed your 2022 Corporate or Partnership taxes, here are some things you need to know about corporate tax deadlines: 2022 Federal Corporate (Form 1120) and Partnership (Form 1065) tax returns are due on Wednesday, March 15th this year....
Read More
14
Dec

Contribute to the 401(k)

Your employer offers a great 401(k) plan and if you are not participating – reconsider! Consistently contributing to a 401(k) throughout your working years can help create a secure retirement. It’s not as difficult as you think: Let’s say you’re starting now at age 25 and your annual salary is $50,000. If you contribute ten...
Read More
22
Nov

Investor Education Supplement: The Risk & Return Trade-Off in Portfolios of Stocks and Bonds

The Importance of Discipline When Investing The most important decision many investors face is the choice of long-term stock and bond allocation. There is no proven way to time the stock or bond market, and the cost of missing only a few days of the best market returns can be devastating to long-term returns. The...
Read More
17
Nov

Inflation Reduction Act of 2022

In early fall 2022, President Biden signed the Inflation Reduction Act of 2022, a sweeping piece of legislation that is designed to address some of the significant issues that the U.S. is facing. Some of those issues include the cost of prescription drugs, healthcare availability, climate change, and inflation. Proponents of the new law say...
Read More
16
Nov

Prepare for Volatility Around Student Loan Forgiveness Plan

President Joe Biden originally announced a plan to forgive up to $20,000 in student loans, and an estimated 45% of borrowers would have had their federal student debt wiped out completely. As many as 40 million Americans could benefit from the forgiveness initiative, which would forgive On Thursday 11/10/22, a federal judge in Texas struck...
Read More
14
Nov

Employee Retention Credit (ERC) Claims

The ERC is another CARES act program that was attempting to help during the heart of the COVID pandemic, the credit was signed into law in March 2020.  The ERC is a refundable tax credit designed for businesses that continued paying employees while shut down due to the COVID-19 pandemic or had significant declines in...
Read More
10
Nov

Expecting a REFUND for 2022 Taxes next spring?

Read this first, please! 2021 saw taxpayers across America receiving individual tax refunds unlike any other time in history. Though we generally advise that the best tax situation is to break even every year, we know that many of our clients, and most of America, rely on that annual tax refund for a 1-time annual...
Read More
25
Oct

Student Loan Debt Forgiveness: One-Time Federal Student Loan Debt Relief

UPDATE as of 11/14/2022 President Biden originally announced a plan to forgive up to $20,000 in student loans, however, the program is now in question, as a federal judge in Texas struck down the program in November 2022. After the federal judge ruled against Biden’s plan, financial advisers, including Williams & Schiller, are recommending that...
Read More
Call, email or stop by today.