Democrats are courting progressive-minded Americans by calling for a tax on Wall Street trades. If the party succeeds, the mom-and-pop investors they’re wooing could bear the brunt.
 
 
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Guide to Financial Planning
 
 
Jul 14, 2016
 
 
 
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Democrats Assail Wall Street with Plan That May Hit Mom and Pop
by DECLAN HARTY AND ANNIE MASSA
 
Democrats are courting progressive-minded Americans by calling for a tax on Wall Street trades. If the party succeeds, the mom-and-pop investors they’re wooing could bear the brunt.
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Clinton Aims Party's 'Wall Street' Tax at Flash Boys, Not Banks
by LYNNLEY BROWNING
 
The Democratic Party’s proposed 2016 platform supports “a financial transaction tax on Wall Street”—but presumptive nominee Hillary Clinton is focused on a narrower approach that isn’t likely to target big banks.
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Muni Tax Exemption Risks Becoming Target as Ownership Narrows
by MARTIN Z. BRAUN
 
Municipal bonds are becoming concentrated in a fewer number of hands and that may not be good for bondholders and states and local governments.
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IRS Revises Procedures for Change in Accounting for Money Market Gains and Losses
by MICHAEL COHN
 
The Internal Revenue Service has released new procedures for shareholders that want the IRS’s automatic consent for changing to or from the net asset value method of accounting for gains or losses on shares in a money market fund.
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Tax Strategy Scan: Picking the Best Shelter
 
Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
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Tax Strategy Scan: Beat the Brexit Fallout
 
Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
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Have You Discussed 401(K) Plans with Your Business Clients?
 
Have You Discussed 401(K) Plans with Your Business Clients?
by PAUL DAVIDSON
 
Retirement plans are often considered strategic advantages for businesses, yet many small businesses do not offer their employees 401(k) plans. As an accountant, this is a discussion you can have with your business clients, to help them understand the value of retirement plans and how they can build upon the success of their company...
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The Multiple-Employer Trap
 
The Multiple-Employer Trap
by STEVEN P. KESSLER
 
All across America, hard-working people receive their personal income tax returns and wonder why they still owe money at tax time.
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Tax Alpha: When -- and How -- to Make the Best Hire
 
The right new employee at the right time can make all the difference to your wealth management practice.
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Hold the Sunscreen!
by ROGER RUSSELL
 
Yes, it’s summer, but that doesn’t mean it’s time to forget about your clients, or ease up on your plans to attract new ones.
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