2024 Estate and Gift Tax Exemptions

As we enter tax season and many of our clients are working with their tax professionals to finalize their taxes for 2023, we want to remind everyone that with the change of calendars comes new tax considerations. Every year, the IRS adjusts amounts exempt from federal estate and gift taxes to consider inflation. Also, Congress […]

Bank Account Hygiene

The announcement today that the FDIC has become the receiver for Silicon Valley Bank is a useful reminder that significant bank failures occasionally do occur and that as depositors we all should pay mind to the $250,000 ceiling on FDIC insurance. We recommend that clients keep each account below the insured ceiling at their banks […]

2023 Gift and Estate Tax Exemptions

Gift and estate taxes apply, in certain cases, to large gifts made by a person during their lifetime or by their estate after their death. One critical purpose of financial planning is minimizing the impact of gift and estate taxes. Every year, the IRS adjusts amounts exempt from federal gift and estate taxes to consider […]

Client tax information for IRS estimated payments due January 17

This year January 15 falls on a Sunday, and the next day we recognize the birthday of Dr. Martin Luther King, Jr. This shuffles the IRS’ due date for estimated tax payments to Tuesday, January 17. Payments due are for the period September 1 to December 31. (Yes, that’s not a calendar quarter! Here’s a […]

2022 Fall Deadlines

Though it feels like the first fall rains only just washed away the last vestiges of summer, the holiday season is upon us, and with it all the usual pre-year-end bustle. To help you prioritize, we are sending along a few important dates for your calendars. We know that combining several topics into one newsletter […]

Russia, Ukraine & A Profile of Financial Implications

The tragic events in Ukraine these past few weeks have demanded our close attention, and probably like many of you, we follow the news with heartbreak for the suffering of the Ukrainian people and admiration for their remarkable fortitude.  Obviously, we are keenly interested in the financial repercussions as well.  With President Biden following up […]

Protecting Against Unemployment Fraud

Today we shift the focus from markets and portfolios in order to highlight the importance of managing another form of risk that has proliferated recently: cyber-fraud risk.  During the pandemic over 1 million people in Washington State and 36 million people nationwide have filed for unemployment benefits, and the rapid influx of claims has overwhelmed […]

CARES Act Summary

Greetings, By now we’re sure that all of you have read about the historic $2.2 trillion stimulus package that was passed by Congress and signed by President Trump on March 31, 2020.  The CARES (Coronavirus Aid, Relief, and Economic Security) Act has broad, sweeping measures aimed at supporting our nation’s economy, companies and citizens.  The […]

Coronavirus II: Office Operations and Market Check-In

Greetings: The outbreak of the coronavirus known as COVID-19 hasn’t just required attention to financial market volatility; it has also required that we think about and adapt to the way we conduct business. Operations First, it is important for you to know that we are open and conducting business.  You may be aware that the […]

Coronavirus Market Perspectives

Greetings: The 12% drop in US stock prices (and somewhat less overseas) from the peak last week to yesterday’s close has probably grabbed your attention.  So, we’re writing to give you a summary of our perspective amid the heightened pitch of news. Steep declines from shocking developments are a known feature of investing as markets […]