Category: Personal Financial Planning

Families First Coronavirus Response Act: Employer Paid Leave Requirements

The Families First Coronavirus Response Act (FFCRA or the Act) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for…

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Recovery Rebates for Individuals, aka “Stimulus” Payments

As a result of the CARES act, eligible taxpayers will receive an Economic Impact Payment (aka “stimulus” payment). The payment is an advance of a newly created…

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The Recently Passed CARES Act Provides Taxpayers with Economic Relief

Below we have summarized some of the key points for individual taxpayers: Special Rules for Use of Retirement Funds The CARES act has defined special provisions for…

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Retirement Plans for Small Businesses

By Liang Zhao, CPA, MSA, CMA, Senior Accountant, Falco Sult As a small business owner or a sole proprietor, you have many more options when it comes…

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The Long-Term Care Trust Act: The Country’s First State Program to Help Pay for Long-term Care

By Tina Keller, Staff Accountant, Falco Sult In April 2019, Washington state made history by passing the country’s first state program to help pay for long-term care.…

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