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News

Our news articles are posted on a regular basis to give our clients relevant and timely information about matters pertaining to our financial services. Browse through our current and archived articles to learn more.

Author Archives: G.R. Reid

Wealth Management: Socially Responsible Investing: Strategies That Strive To Do Good and Deliver Returns

Socially Responsible Investing: Strategies That Strive To Do Good and Deliver Returns Sustainable, responsible, and impact (SRI) investing has been around for a long time, but growing interest has moved it into the mainstream. In the United States, SRI assets … Read more

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Wealth Management: Illinois Highlights Credit Risk, Still, Muni Bids May Offer Tax Relief

State and local governments sell bonds to help fund ongoing expenses and finance public projects such as roads, sewers, schools and stadiums. Because government entities have the power to raise taxes and fees as needed to pay interest, municipal bonds … Read more

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Community Outreach: Cycle for Survival 

Every Friday, participating G.R. Reid staffers make a charitable contribution when they wear jeans to work. Subsequently, every month the G.R. Reid employee team makes a donation to a different Charity. The most recent contribution was to Cycle for Survival … Read more

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Its Not Too Late To Contribute To Your IRA For 2017

Whether you are still working or retired, you should periodically review your IRAs. Here are few things to remember. Contribution limits If you’re still working, review the 2017 IRA contribution and deduction limits to make sure you are taking full advantage … Read more

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Disclosing Noncompliant and Unreported Foreign Accounts and Assets

The IRS has announced that it will close the Offshore Voluntary Disclosure Program (“OVDP”) effective September 28, 2018. The IRS is encouraging taxpayers who need to disclose noncompliant and unreported foreign accounts and assets to come forward before September 28. … Read more

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IRS Releases Updated Form W-4 and Withholding Calculator

The IRS has released an updated version of Form W-4 (Employee’s Withholding Allowance Certificate) and its online withholding calculator. These tools allow taxpayers to check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act (TCJA). The … Read more

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Accounting & Tax: Identity Theft—IRS Warns Taxpayers about New Refund Scam

The IRS has alerted taxpayers of a new scam in which criminals deposit fraudulent tax refunds into an individual’s bank account and then attempt to reclaim the funds. They accomplish this by (1) hacking tax practitioners’ computers to steal taxpayer … Read more

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Accounting & Tax: IRS Clarifies Deductibility of Home Equity Loan Interest

For tax years 2018–2025, the Tax Cuts and Jobs Act (TCJA) eliminated the deduction for interest on home equity debt and limited the mortgage interest deduction to qualified residence debt of up to $750,000 ($375,000 for married taxpayers filing separately). … Read more

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Group Health Benefits: Communicating Changes to Your Plan

Overview The Employee Retirement Income Security Act (ERISA) generally allows a group health plan to modify its benefit plan so long as the procedure followed is consistent with the plan terms and ERISA. The plan administrator must inform participants of material modifications … Read more

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Understanding Life Insurance

Planning to meet the financial needs of your survivors is one of the most important and fundamental steps in creating a sound financial strategy for you and your family. This step usually requires the purchase of a life insurance policy … Read more

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