Resources | Sisto CPA Group, Inc.

American Rescue Plan Act of 2021 / Income Tax Return Filing Deadlines

By: sistoadmin | March 25, 2021

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (“the Act”). This latest round of stimulus legislation is a $1.9 trillion package intended to address the extraordinary impact of the coronavirus pandemic over the past year. The Act adds $7.25 billion in new funding for the Paycheck Protection Program (PPP). It also … Continue reading American Rescue Plan Act of 2021 / Income Tax Return Filing Deadlines

Tax & Compliance

IRS Clarifies Position on Deductibility of PPP Expenses…Ouch!

When the Paycheck Protection Program (PPP) was rolled out earlier this year, it was clear that using the PPP funds for their intended purpose would result in the forgiveness of the debt. It was also made clear that the forgiveness would not result in taxable income, as would normally be the case. It was not … Continue reading IRS Clarifies Position on Deductibility of PPP Expenses…Ouch!

Investment Philosophy

Stocks and Winning the White House

It’s natural for investors to seek a connection between who wins the White House and which way stocks will go. But a look at history underscores that the outcome of an election is only one of many inputs to the market.

Investment Philosophy

A Historic Market Recovery

2020 continues to be one of the most unpredictable years in memory, as markets rose to new all-time highs in the third quarter despite a resurgence in coronavirus cases, as stocks rallied thanks to a combination of even more accommodative Fed policy, hopes for a COVID-19 vaccine and a stronger-than-expected economic rebound, before markets declined … Continue reading A Historic Market Recovery

Investment Philosophy

A Historic First Half of 2020

We hope that this letter finds you safe and healthy during these unprecedented times. Markets staged a historic rebound in the second quarter driven by an initial peak in the growth of coronavirus infections in April, economic reopenings across the United States and the rest of the world, hopes for a COVID-19 vaccine, and continued … Continue reading A Historic First Half of 2020

Tax & Compliance

More flexibility on the Payment Protection Program Loan

Paycheck Protection Program Flexibility Act of 2020, softening some of the harsh requirements business owners were required to meet in order to have their PPP loans forgiven.

Investment Philosophy

The Bumpy Road to the Market’s Long-Term Average

How do you plan and ride out the inevitable ups and downs of the market?

Investment Philosophy

After a Historically Volatile Quarter, Where Do Markets Go from Here?

Market volatility surged in the first quarter to levels last seen more than a decade ago during the financial crisis, as the COVID-19 pandemic swept the globe and prompted the partial shutdown of most major global economies, including the U.S., EU and most of Asia. But while the pandemic was the main cause of the … Continue reading After a Historically Volatile Quarter, Where Do Markets Go from Here?

Investment Philosophy

Trade Clarity and Interest Rate Cuts Lead to Big Returns in 2019

Signs of stabilization, and a re-acceleration of economic growth in United States and globally. Read on…

Investment Philosophy

Third Quarter Wrap, Fourth Quarter Outlook

Markets in the third quarter of 2019 looked surprisingly similar to the second quarter as more U.S.-China trade war uncertainty and a lack of clarity on future interest rate policy caused a sharp increase in volatility in the middle of the quarter, but the S&P 500 remained resilient and ultimately recouped those losses to finish … Continue reading Third Quarter Wrap, Fourth Quarter Outlook