INSIDE THIS EDITION:
Could Dividend and Buyback Activity in Banks be Signaling a Bank Stock Recovery?
Weekly Global Asset Class Performance
Trump vs. Biden Tax Policy Proposals
Coronavirus / COVID-19 Resource Center
Companies have different ways to return cash to shareholders. Cash dividends and stock buybacks are two of the most popular ways. Over the last two years, companies have increasingly relied on buybacks to reward their shareholders. However, COVID-19 and the economic uncertainty it caused led to a bit of a pull back in the amount of corporate cash used to buy back shares.
Trump vs. Biden Tax Policy Proposals
Written by Scott A. Bishop, MBA, CPA/PFS, CFP® and Chris Masters, CPA
With less than two months away until the presidential election, President Donald Trump, the Republicans’ choice for another term, and Former Vice President Joe Biden, the Democratic nominee, are in the home stretch of making their cases to voters. Come Nov. 3, 2020, changes may be on the horizon based on each candidate’s differing views on popular tax policies. I have been working with the CPA Firm Doeren Mayhew’s tax advisors break down each policy, equipping you with the tax information you need to know before casting your ballot on voting day.
View our comprehensive side-by-side candidate tax policy infographic
Stay Informed and We’ll Keep You updated
Depending on the candidate elected for the presidency, there may be tax repercussions for both individuals and businesses. Before you cast your vote on Nov. 3, be sure to evaluate the candidates’ tax policies to learn how you and your business could be affected. If you have questions about President Trump or Former Vice President Biden’s proposed tax policies’ potential impacts on your unique situation, please feel free to contact your financial advisor at STA Wealth or a member of the CPA and advisory team at Doeren Mayhew
Over the last several weeks, the team at STA Wealth has attempted to keep our clients apprised of updates related to the markets, economy, government, tax, retirement, and other changes impacting us during this difficult time. As the Coronavirus (COVID-19) pandemic continues to spread, its impact on businesses and individuals has been significant. Stay up-to-date on the latest news with this Coronavirus Resource Center as your go-to resource for commentary, news, and other resources. Bookmark this article to check back regularly for updates.
This is for informational purposes. The information was prepared by STA Wealth Management and Doeren Mayhew CPA’s and Advisors this information has not been independently verified by a third party. STA Wealth Management LLC is not an affiliate of Doeren Mayhew CPAs and Advisors, their offerings, nor their management team.
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Financial Planning and Investment Advice offered through STA Wealth Management (STA), a registered investment advisor. STA does not provide tax or legal advice and the information presented here is not specific to any individual’s circumstances. To the extent that this material concerns tax matters or legal issues, it is not intended or written to be used, and cannot be used, by a taxpayer to avoid penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.