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
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...
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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...
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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...
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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...
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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...
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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...
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15
Jun

Take Advantage of the Down Stock Market – consider a Roth IRA Conversion

What is a Roth IRA Conversion? To start, remember that a traditional individual retirement account (IRA) is funded with pretax dollars. A Roth IRA is funded with after-tax dollars. A Roth IRA conversion transfers retirement funds from that traditional IRA to a Roth IRA to take advantage of tax-free investment growth in that type of...
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11
Jan

Treasury Warns Taxpayers to Brace for a Turbulent Tax Filing Season

As hard as it is to believe, we are now more than a week into 2022, and at the offices of Williams & Schiller, we are geared up and ready for the start of the 2021 tax filing season. Most likely we can all agree – the last two years have been unlike any others...
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17
Nov

NEW Tax Law Allows Certain Business Owners a Workaround for the $10,000 Cap on the State and Local Tax Deduction

Just a note to readers—if you are not an owner of a partnership or S-corporation (pass-through entity or PTE), just quit here, unless you are a real tax nerd! As you are likely aware, the 2017 Tax Cuts and Jobs Act included a provision that greatly increased the personal standard deduction and limited the deduction...
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