Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - July 15, 2020

July 15, 2020
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News. Insights. Analysis. Inspiration.

Today's Key Question:

Did you know that the IRS has announced plans to audit the tax returns of more high net worth individuals? See the article below from Globe Street.

It's time to discuss how life insurance can be used to protect your estate.

 

"How COVID is Shaping the Small Business Community: Perspectives from a Small Business Owner"

From American Express:

"Sooner or later, the pandemic will have passed. The question is, will the sharing spirit that emerged in the small-business community remain."

 

 

"These 5 services will automate all your most tedious tasks"

From Fast Company:

* When it comes to the “work smarter, not harder” mantra, automation is king. Never before has it been easier to put in a little upfront effort to pay big, big dividends down the line. While these services run the gamut from simple to powerful—and from free to kinda pricey—all roads lead to making your workday much more efficient.

 

 

"Canada's Former Chief Public Health Officer: End The COVID Lockdowns"

From Townhall:

* The current approach to dealing with COVID-19 carries significant risks to overall population health and threatens to increase inequities across the country.  Aiming to prevent or contain every case of COVID-19 is simply no longer sustainable at this stage in the pandemic.  We need to accept that COVID-19 will be with us for some time and to find ways to deal with it.  

 

 

"IRS Increases Auditing for High Net Worth Individuals"

From Globe Street:

* The term “high net worth” is a vague category with no formal description. Instead of earnings, the IRS will focus on the tax bill. “There are no formal monetary figures but the TIGTA report focuses on tax returns with more than $100,000 of tax due.  The IRS is also focused on taxpayers with related entities, including trusts and private foundations,” says Benda. 

 

Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here