We’ve recently received quite a few questions from clients about the new tax law, the Tax Cuts and Jobs Act (TCJA), and in particular, about the changes to business-related dining and entertainment expenses. Now, we’re not in the tax business, even though many products and services we offer provide certain tax advantages, so we hunted for one of the best resources we could find to help you stay out of hot water with the IRS on this particular change to the tax code.

When America’s CEOs are low on confidence how the market will perform in the next twelve months, it’s time to sit up and pay attention. In its real-time April survey by Chief Executive Magazine, “U.S. CEOs’ outlook for business conditions 12 months from now continued to fall in April, the third straight month of decline.” […]

In an ironic twist, Janet Yellen—who officially will not have her term renewed as Fed chair— gave a recent talk at New York University in which she warned that the U.S. central bank would need to be careful with its interest rate policy in the coming years.

In her remarks at the recent Jackson Hole conference on monetary policy, Federal Reserve chair Janet Yellen praised the new financial regulations enacted during the Obama Administration. Most observers interpreted Yellen as repudiating the current efforts in the Trump Administration to roll back at least some of the new constraints on banks. Financial publications ran […]

The Federal Reserve is expected to reiterate to the Congressional committee its plan to begin unwinding its multi-trillion bond buying programs as early as this September. Without a doubt this is a big deal. It is so big that it is inconceivable to think that this process will have no effect on financial markets. Our […]

Albert Edwards at Societe Generale says January 2008 is here again! UK and US household debt excess comes full circle. From Albert Edwards Via Email Very recent data confirms slumping household saving ratios in both the US and UK. This was last seen in 2007, just before the bursting debt bubble blew the global economy […]

  A few months ago, the U.S. government assumed control of Puerto Rico. As the AP story by Danica Coto reported: “A federal control board on Friday took over Puerto Rico’s finances and several government agencies for the first time in the U.S. territory’s history in a bid to haul the island out of an […]

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would a revolution before tomorrow morning.” – Henry Ford Everyone has heard the expression, “It’s like money in the bank!” What could be more reliable or safer than one of our long-standing […]

Those of us with credit cards often receive phone calls from the credit card company that sounds very similar to the one I’m about to describe. It’s imperative to handle it extremely carefully. NEVER EVER provide any information regarding your accounts or you personally.

I sometimes think that we’ve gotten too comfortable in the United States. As long as we can go to the mall, drive our big SUVs, eat good food, download our favorite music from iTunes, pay our big credit card bills and all the other cushy trappings of the American way of life, we can simply […]