Reforms may be on the way for Donor-Advised Funds
Donor-advised funds are a popular option to minimize capital gains tax, but a bill introduced this summer in the Senate could significantly impact these funds if it should be passed. The Accelerating Charitable Efforts (ACE) Act was introduced by Sens. Angus Kin of Maine and Chuck Grassley of Iowa in June. The ACE Act would […]
Congress passes Paycheck Protection Flexibility Act
Changes are now underway for the Paycheck Protection Program, altering criteria for business owners to be eligible for loan forgiveness. The Paycheck Protection Flexibility Act makes a number of retroactive improvements to the PPP forgiveness criteria, including extending the time borrowers have to spend the funds, increasing the percentage of loan funds allowed to be […]
Senate takes up tax reform, healthcare legislation
Two issues that will significantly impact every individual and business owner are beginning to gather steam in Congress: tax reform and healthcare legislation. Healthcare As reported by Reuters, Senate Majority Leader Mitch McConnell (R-KY) plans before the end of the month to bring up for a vote in the Senate the Graham-Cassidy-Heller-Johnson bill, which would […]
Health care legislation: Comparison of Senate, House health care bills
It’s not quite a tale of two cities, but below is a breakdown of two competing health care bills being considered by Congress. The Republican-led U.S. House of Representatives and the Republican majority in the Senate have both released healthcare bills designed to overhaul the Affordable Care Act, also known as Obamacare. The House bill, […]