this 1st Week of April 2021 Thoughts
Updated: Jun 8
ESG | ESG | ESG Matters
Do the best you can until you know better. Then when you know better, do better. Maya Angelou
Filing your taxes is a lot more complicated this year and paying your 2021 1st Quarter estimate to avoid penalties is a little more nuanced. How can you figure a 2021 estimate without getting good numbers for the 2020 tax return?
IF you are still waiting for your stimulus payment, you may consider holding off filing for 2020 to maximize you stimulus payment, especially if your 2020 income was higher than your last tax return filed for 2019. Given the recent changes and the Economic Impact Payment 3 guidelines, working with me on tax planning has become more necessary than ever before. This sounds a little shocking, but some married taxpayers may consider filing jointly separately this year as it might generate a higher tax liability on their 2020 return, but they may benefit from other income limits.
When should you take the extra time? For those getting refunds, it makes sense to file as soon as possible. If you owe, there’s no incentive to file a minute earlier. Whatever we do…just expect for your CPA to be a little more stressed than normal. This is the year to send them a pizza as they will be burning the midnight oil.
After I send you our new SAA Client Agreement, via Adobe Sign, we’ll move on to determining your risk tolerance and you will receive an email from Hidden Levers. While the familiar questions start the process…with Hidden levers, when it comes to portfolio analysis, high-end analytics, and your user-experience, this is a whole other animal. The visual platform will bring sophisticated, institutional-level analytics that has been hard to find in the past. HiddenLevers provides “institutional grade analytics + hyper-visual tools that make if more enjoyable, and easier, to visualize the results about the macro risk that is ever present.
Required Disclosures: Always read the fine print!
The foregoing content reflects the opinions of Sustainable Advisors Alliance LLC and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions, or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.
Three years ago I went through an extensive search for the right cyber-security solution for Skye Advisors and I engaged a firm that has lived up to their promises: RightSize-Solutions. RightSize keeps the internet bad actors at bay: “Sustainable Advisors Alliance utilizes Office 365 Email hosting for the firm. The security policies enforced by SAA's IT provider require the use of Multi-Factor Authentication as well as an encrypted connection to access business Email. With a Microsoft Office 365 Enterprise solution in place for SAA, several layers of advanced threat protection secure Email communication. These features include advanced spam filtering, anti-virus scans on all Email and attachments, anti-spoofing checks and authorized sender validation using SPF records. These security features deployed for SAA meet and exceed industry standards for security.” 😲Why does this matter to you? We take your data seriously: nothing is more important.
Today the dangerous and decaying state of America's infrastructure is front and center. We all remember when the I-35W Mississippi River Bridge in Minneapolis collapsed, sending vehicles crashing into the river below. President Biden has unveiled a "a once-in-a-generation effort to replace lead pipes, rebuild 20,000 miles of roads and repair the country's 10 most economically important bridges. Unlike anything we have seen or done since we built the interstate highway system and the space race decades ago, this is the largest American jobs investment since World War II". 😲Why does this matter to you? A report from the American Road & Transportation Builders Association (ARTBA) illustrated the scale of the challenge in overhauling and repairing U.S. infrastructure by finding that more than 220,000 American bridges need repair work. 45,000 of them were deemed structurally deficient and Americans cross them 171.5 million times daily. At the current rate, it would take more than 40 years to fix all of them and cost an estimated $41.8 billion. This is non-partisan work that is good for business…and every American.