Social Security Ground Zero: 16 Years to Impact

Every year, the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds (OASDI) issues its annual report on the Social Security system. The report details the current financial status of both Social Security and Medicare as well as future projections. The 2018 report has one key takeaway –…

Are you compliant?

ACCOUNTING & BOOKKEEPING SERVICES Are you compliant? Yearly Report Compliance Every year California businesses are required to file a Statement of Information with the California Secretary of State, while others are filed biennially (every two years), below is a list of due dates and filing fees. We can help! HBLA can prepare and e-file on…

Common Money Mistakes As We Age

It is common knowledge that as we grow old, our bodies tend to not work as well. Some folks begin having physical challenges, some have cognitive issues and some have both. But what we don’t know is which, if any, of those challenges we will face. Worse yet, those who fall into cognitive decline often…

Why Earnings Are No Longer Enough to Drive Growth

Rising interest rates make a different animal of the stock market. Unlike when interest rates are steady or declining, positive earnings (overall for the market, not necessarily individual stocks) just aren’t enough to take the markets perpetually higher. Many companies are reporting excellent earnings, but the market appears to be somewhat stalled. Taking a look…

Trade Wars on the Horizon?

What This Could Mean for Financial Markets The Trump administration’s recent flurry of trade moves is spiking uncertainty and confusion among financial markets. His imposition of tariffs on steel and aluminum as well as levies on Chinese imports have provoked immediate reactions. China, for example, claims that the United States’ actions are a violation of…

High-Tax States Scheming to Offset New Tax Law Impact

The new GOP tax law places high income and property tax states at a distinct disadvantage. Before the new tax bill, any and all state and local taxes (commonly referred to as SALT) could be taken as itemized deductions without limitations. SALT includes both income and property taxes, so states where both are high such…