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…

Blockchain Technology – Beyond Bitcoin

To many people, Bitcoin and blockchain technology are the same thing. Bitcoin might be the best-known example of a successful application of blockchain technology, but as soon as business leaders understood the power and advantages of the Bitcoin model, various industries, institutions and humanitarian organizations leapt on the technology as a solution to a variety…

Stock Market Outlook for 2018

Before considering what might be ahead in 2018, perhaps it’s worth looking back to acknowledge that 2017 was a banner year – both a great year for U.S. stocks, as well as the year when international markets turned a corner. In the United States, earnings for 2017 have been solid, and growth expectations are on…

Retirement: Living on Less

By 2035, millions of baby boomers might well be living a meager existence. That’s because today, close to half of the households in the United States have absolutely nothing saved for retirement. Over the past 25 years, pensions have rapidly died out and their replacement – defined contribution plans – have been woefully underfunded. Combine…

What the New Tax Law Means for Small Businesses

The new tax law became both the beauty and the beast for companies of all sizes across the country when 2018 officially opened for business. As accountants, attorneys and business owners continue to comb through this tax overhaul, financial experts caution that before businesses celebrate or criticize aspects of the new law, they need to…

A CPA’s Advice for CFOs

Vic Hausmaninger, founding partner of HBLA CPA’s Inc. of Irvine, talked often last year with Business Journal Financial Editor Peter J. Brennan about the proposed tax bill. Hausmaninger wrote the following on what chief financial officers and other C-level executives should consider. Since the Tax Cuts and Jobs Act took effect on Jan. 1, last…