One of my favorite places to go is the woods. Growing up in the Lakes Region of New Hampshire, we lived at the foothills of the White Mountain National Park. Being surrounded by beautiful lakes and mountains, being outside was where I wanted to be. It has also been the place where I have had the best conversations with friends.
How did your taxes come out for 2018? Did you pay what you expected last year?
At the beginning of 2018 there was a reduction to the payroll tax rate as part of the new tax law. While this increased take home pay for workers, it caused some taxpayers—for the first time—to have to make a payment with their 2018 federal income tax return.
On October 30th we held our first Client Advisory Board meeting. This group agreed to commit their time on an ongoing basis to tell us how we are doing and what they think we should do to improve the experience for all clients. While this was our initial meeting, we expect members of the board to change over time.
It seems that not a day goes by without a Tweet from our Commander in Chief that catches some people off guard. It’s a strategy, and its one that President Trump has consistently used. Even though he’s long relished making people guess, many people find him unpredictable. The fact is, his unpredictability is predictable.
On September 5th Secretary of State Menuchin announced that the US and China will conduct trade talks. With that announcement, the Dow Jones Industrial Average rose almost 400 points or about 2% in one day. Such daily market movements are seeming to become routine. But it isn’t making investors feel good.