Procrastinators around the country can rejoice for a second year as the IRS announces that the traditional tax filing deadline of April 15th has been extended to May 17, 2021 for 2020 individual tax returns.  However, this seemingly simple declaration comes with some complexities that I would like to cover.

In December 2020, Congress passed a second round of Coronavirus stimulus that included direct payments to individuals.  The first round passed in March 2020 as part of the CARES Act.  For simplicity, I’ll refer to the spring payments as “Trump Bucks” and the most recent payments as “Lame Duck Bucks.”

In 2013, our founder, Joe Call, offered our practice manager, Dani Dursteler, an opportunity.  Thinking of his upcoming retirement in a few years, Joe realized that there were possible scenarios in which his retirement or potential untimely death or disability could leave Dani without a job.  His solution was to offer Dani that Spinnaker pay for her tuition, fees, and books if she would like to pursue a college degree.  As a full-time employee and mother of two teenagers, the

The first half of 2020 has not played out the way anyone predicted it would at the beginning of the year. The largest global pandemic in 100 years has overtaken our very connected world and had significant short-term economic implications. The shutdown of the economy has resulted in a nearly instantaneous recession, record jumps in unemployment, and the fastest, deepest collapse in stocks prices in decades, if not ever.

On March 27th, 2020, President Trump signed The Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The bill provides an estimated $2 Trillion (with a T) of economic relief to individuals, families, unemployed workers, small-business owners, retirees, and severely-damaged industries affected by the Novel Coronavirus and our stay-at-home mitigation efforts.  This edition of Setting Sail will break down the key provisions that are most likely to apply to our clients as

In December 2019, as the bitter and partisan impeachment hearings went on in the House of Representatives there was a brief moment of unity.  Attached to a larger bill which kept the government funded, the SECURE Act passed with overwhelming support from both parties.  Regarded as the largest change to retirement plans since the 2006 Pension Protection Act, the SECURE Act’s main purpose is to provide new ways for employers to create retirement plans for their employees.  Howe