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

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

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

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

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

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

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

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

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...Read More

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...Read More