Phase 2 of the Paycheck Protection Program: Forgiveness

Phase 2 of the Paycheck Protection Program: Forgiveness

The Paycheck Protection Program begins phase 2: forgiveness! On Friday evening, May 15, the SBA released the PPP Forgiveness Application, with a notable absence of guidance from the treasury. The form and instructions offer borrowers details on how to apply for...

Charitable Giving is Still Tax Efficient. Here’s Why:

At Ark, philanthropy is a pillar of our culture for us, and our clients. Charitable giving is tax efficient now more than ever thanks to the CARES Act. Did you know you can now offset your income 100% by donating to charity?(If you’re retired and still receiving...
Business owners & Net Operating Losses (NOL’s)

Business owners & Net Operating Losses (NOL’s)

For business owners, the timeline of when taxes are due, your busy season, and the end of the calendar year are at constant odds. To some degree, the IRS recognizes that. In order to tax businesses based on income and not account entries, the IRS allows Net Operating...

Against your instincts? COVID-19 and your portfolio:

While the storm is raging today, we want to reassure you that we are prepared. When we designed your plan and portfolio, we were careful to understand the need and purpose of every dollar invested. Money that is needed for short-term priorities or as a buffer to...
7 Things the Most Successful People Have in Common

7 Things the Most Successful People Have in Common

This post from LinkedIn contributor Gillian Zoe Segal appeared originally on LinkedIn. For my new book, “Getting There: A Book of Mentors,” I spent 5 years interviewing some of the most successful people alive (Warren Buffett, Michael Bloomberg, Anderson...