Tax Reform, Year-End Planning
Nov
26

The new 2018 Section 199A tax deduction, also known as the Qualified Business Income (QBI) deduction, arises from the Tax Cuts & Jobs Act of 2017.  This provision provides for a 20% deduction of QBI and is one of the most significant tax breaks in the new law; but it is also one of the most complex and subject to numerous rules, limits and...
Tax Reform - Meals & Entertainment Update
Nov
19

On August 29, 2018, we posted a "Meals & Entertainment Update" to our initial article on "Meals & Entertainment Under Tax Reform."  That update expressed encouragement that the legislative intent was to leave the 50% client, prospect and other business-related meals deduction intact.  We have good news to report. On...
Midterm Elections, Trump, Investments
Nov
02

We looked at 92 years of data to see how US financial markets have responded historically to midterm elections.  Here's what long-term investors need to know. It’s almost Election Day in the US once again. For those who need a brief civics refresher, every two years the full US House of Representatives and one-third of the Senate are up for...
Oct
26

Whether you want to support the relief and recovery efforts for the victims of the recent hurricanes, support your favorite qualified charity or make your annual gift to your church, there are three lesser-known charitable giving strategies that could serve to reduce your tax liability.  1.  Gifting Appreciated Securities Compared with...
Oct
25

We’re facing a year in which the returns on domestic stocks are significantly higher than their international counterparts, which can lead one to question the value of diversification.  We live in a world of interdependent global economies and over the long-term, no single economy can dominate all others indefinitely, which is why we believe in the...
Oct
22

As many of you will recall, September of 2008 was one of the scariest months in stock market history.  On September 12, 2008, the S&P 500 closed at 1,251.70, down just over 20% from its all time high the previous October.   On Sunday night, September 14, 2008, Lehman Brothers filed what was and still is the largest bankruptcy in U.S....
Sep
26

At Beaird Harris, one of our primary goals is to provide a successful investment experience. That means more than considering investment returns. It means offering peace of mind knowing that a transparent approach backed by decades of research is powering every decision. The goal is to help people be prepared, so they can stick with their plan. In most...
Sep
07

With school back in session in most of the country, many parents are likely thinking about how best to prepare for their children’s future college expenses. Now is a good time to sharpen one’s pencil for a few important lessons before heading back into the investing classroom to tackle the issue. THE CALCULUS OF PLANNING FOR FUTURE COLLEGE EXPENSES...
Tax Reform - Meals & Entertainment Update
Aug
15

On January 12th, 2018, we posted Tax Reform - Meals & Entertainment, which addressed Tax Reform’s elimination of the deduction for most entertainment expenses. We also discussed our initial impression of whether the deduction for certain business meals was also lost with Tax Reform.  Since that time there have been a number of encouraging...
2018 Tax Law
Aug
10

As we shared in a previous blog, The Tax Cuts and Jobs Act, which became law on December 22, 2017, created a new deduction often referred to as the “Section 199A or Pass-Through Deduction.”  This allows certain taxpayers to take a personal tax deduction of up to 20% of the “Qualified Business Income” of various businesses and/or investments...