June 23— While the current volatile market conditions and overall economic landscape may have your investment and business decisions top of mind, an important area of planning that can be deployed during this time is tax planning.
June 16—With the economy and markets in turmoil, you may be asking: How do I use the losses in my portfolio to my advantage? Director of Income Tax Planning Tom Kelley, discusses how to turn a market loss into a gain through tax-loss harvesting. In times like these, it is important to recognize that harvesting these losses now, when done appropriately, helps enable tax savings today and potential tax savings in the future.
Key tax relief measures designed to provide critical cash flow for businesses. The CARES Act provides many potential sources of tax relief for businesses, particularly to help maintain operations and continue payroll for employees.Businesses may benefit from these tax relief measures to relieve pressure now and, where appropriate, by amending prior tax returns and claiming refunds.