The Newsroom
Financial and Accounting Updates and Information from Maggart
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From the Monthly Newsletter...
With Glitch Fixed, Consider Business Property Upgrades
The Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law in March, has provided more than just relief in response to the COVID-19 pandemic. It also contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings, referred to as qualified improvement property (QIP). Recent History of …
With Glitch Fixed, Consider Business Property Upgrades Read More »
Risks vs. Benefits of Life Insurance Loans
Because of the economic downturn triggered by the COVID-19 crisis, many people have found themselves in need of cash to pay unexpected medical bills, mortgage payments and other expenses. One option is to borrow against the cash value of a permanent life insurance policy, but such loans aren’t risk-free. Recognizing Potential Pitfalls Before you borrow …
Charitable Giving in a Time of Crisis
The novel coronavirus pandemic has created much financial stress, but the crisis has also generated an intense need for charitable action. If you’re able to continue donating during this difficult period, the Coronavirus Aid, Relief, and Economic Security (CARES) Act may make it a little easier for you to do so, whether you’re a small …
