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Weekly Market Insights: Tech Stocks On the Rise
Strong economic data and a resurgent technology sector propelled stocks to solid gains last week.The Dow Jones Industrial Average advanced 1.95%, while the Standard & Poor’s 500 picked up 2.71%. The tech-heavy Nasdaq...
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Weekly Market Insights: S&P 500 Rises Above 4,000
Overcoming a rocky start, stocks rallied into the close of a holiday-shortened week of trading as technology shares staged a powerful recovery and investors reacted positively to President Biden’s infrastructure spending...
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Weekly Market Insights: Rocky Week Despite Upbeat Signals
A rocky week with wide price swings led to mixed results for stocks last week, as investors grappled with anxieties over economic growth and weakness in technology and other high-growth stocks.The Dow Jones Industrial Average added 1...
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Weekly Market Insights: Modest Losses After Choppy Week
Rising bond yields and improving economic conditions led to a choppy week of trading that ended in modest losses for investors.The Dow Jones Industrial Average fell 0.46%, while the Standard & Poor’s 500 declined 0.77%. The...
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Weekly Market Insights: Economy Reacts to COVID-19 Stimulus
Stocks touched new record highs last week as bond yields steadied, a fiscal relief bill was signed into law, and confidence in a strong economic recovery grew.The Dow Jones Industrial Average gained 4.07%, while the Standard &...
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Weekly Market Insights: Stocks React Sharply to Bonds, Inflation
Stocks were mixed last week as rising bond yields and heightening inflation fears sent stocks on a wild ride, capped by a remarkable Friday afternoon rally.The Dow Jones Industrial Average gained 1.82%, while the Standard &...
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Weekly Market Insights: Rising Bond Yields Diminish Stocks
Stocks dropped amid rising long-term bond yields, with sharp declines in high-valuation growth stocks leading the overall market lower.The Dow Jones Industrial Average slipped 1.78%, while the Standard & Poor’s 500 declined...
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Weekly Market Insights: Rising Inflation Concerns
Rising bond yields dampened investor enthusiasm for high-multiple growth companies last week, sending market averages mostly lower in a holiday-shortened week of trading.The Dow Jones Industrial Average gained 0.11% for the week. But...
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Weekly Market Insights: Fed Chair Says No Change For Now
Stock prices inched higher last week amid declining COVID-19 cases, a pick-up in vaccinations, and progress on a fiscal relief bill.The Dow Jones Industrial Average gained 1.00%, while the Standard & Poor’s 500 rose 1.23%....
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Weekly Market Insights: Markets Go Back to Basics
Stocks notched strong gains last week, paced by a string of solid economic reports and consensus-beating corporate earnings.The Dow Jones Industrial Average gained 3.89%, while the Standard & Poor’s 500 advanced 4.65%. The...
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How the Internet Gamed Wall Street’s Short Sellers
You may have heard the news about stocks for certain companies suddenly ballooning, quickly going from lunch money prices to several hundred dollars a share. In one case, the shares rose over 1700% since December 2020.1 So, what...
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Weekly Market Insights: Unexpected Trading Rattles Market
Despite strong corporate earnings, stock prices closed lower after a volatile week of trading triggered by unprecedented activity in a handful of companies.The Dow Jones Industrial Average lost 3.27%, while the Standard &...
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MARKET WEEK: JANUARY 25, 2021
MARKET WEEK: JANUARY 25, 2021 The Markets (as of market close January 22, 2021) The markets were closed last Monday in observance of Martin Luther King, Jr., Day. However, stocks enjoyed a good start to the week last Tuesday as...
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MARKET WEEK: JANUARY 19, 2021
MARKET WEEK: JANUARY 19, 2021 The Markets (as of market close January 15, 2021) Last Monday, the major benchmark indexes pulled back from record highs reached the prior week. Tech stocks took the biggest hit, dragging the Nasdaq down...
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MARKET WEEK: JANUARY 11, 2021
MARKET WEEK: JANUARY 11, 2021 The Markets (as of market close January 8, 2021) Last Monday, stocks began the new year down on worries over the Georgia runoff elections, a surge in COVID-19 cases, and evidence that a new strain of the...
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MARKET WEEK: JANUARY 4, 2021
MARKET WEEK: JANUARY 4, 2021 The Markets (as of market close December 31, 2020) Stocks jumped to record highs last Monday after President Trump signed a pandemic relief package into law. The S&P 500, the Dow, and the Nasdaq closed the...
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MARKET WEEK: DECEMBER 28, 2020
MARKET WEEK: DECEMBER 28, 2020 The Markets (as of market close December 24, 2020) Stocks rallied by the end of the day last Monday, paring losses from a morning plunge. Strength in bank stocks and financials helped stem the tide as...
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MARKET WEEK: DECEMBER 21, 2020
MARKET WEEK: DECEMBER 21, 2020 The Markets (as of market close December 18, 2020) Tech stocks and consumer shares opened last week on an upswing. Unfortunately, the rest of the market lagged. Investors faced the prospect of more...
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MARKET WEEK: DECEMBER 14, 2020
MARKET WEEK: DECEMBER 14, 2020 The Markets (as of market close December 11, 2020) The Nasdaq opened the week by reaching a new high last Monday after climbing for the ninth straight day. Otherwise, stocks tumbled, as the rapid rise in...
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MARKET WEEK: DECEMBER 7, 2020
MARKET WEEK: DECEMBER 7, 2020 The Markets (as of market close December 4, 2020) November closed on a sour note as investors took profits from stocks last Monday. The Russell 2000, which gained more than 18.0% in November, fell nearly...
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MARKET WEEK: NOVEMBER 30, 2020
MARKET WEEK: NOVEMBER 30, 2020 The Markets (as of market close November 27, 2020) Last Monday saw stocks advance following encouraging news in the development of yet another COVID-19 vaccine. The Russell 2000 climbed nearly 2.0%,...
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MARKET WEEK: NOVEMBER 23, 2020
MARKET WEEK: NOVEMBER 23, 2020 The Markets (as of market close November 20, 2020) Last week began with more good news on another COVID-19 vaccine, sparking a rally in domestic and global stocks. The Dow set a record as it neared the...
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MARKET WEEK: NOVEMBER 16, 2020
MARKET WEEK: NOVEMBER 16, 2020 The Markets (as of market close November 13, 2020) Stocks soared to record highs last Monday following an announcement from a major pharmaceutical company of positive data on a COVID-19 vaccine. That...
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Protect Yourself From Cyber Crime
The pandemic has showcased how much we rely on the internet, which makes it possible to virtually work from home, shop, attend religious service and stay connected with family and friends. Unfortunately, those conveniences come with...
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Happy 245th Birthday!
Happy Birthday to the United States Marine Corps! 10 November 1775
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MARKET WEEK: NOVEMBER 9, 2020
MARKET WEEK: NOVEMBER 9, 2020 The Markets (as of market close November 6, 2020) Stocks rebounded last Monday with each of the benchmark indexes gaining value, led by the Russell 2000, which added 2.0%, followed by the Global Dow, the...
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MARKET WEEK: NOVEMBER 2, 2020
MARKET WEEK: NOVEMBER 2, 2020 The Markets (as of market close October 30, 2020) Concern over a surge in COVID-19 cases drove equities lower last Monday. Each of the major indexes listed here fell, with the Dow plunging -2.3% and the...
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Retirement Challenges in Current Times
Preparing for retirement is complex for many reasons. With improved medical care, a person retiring today at typical retirement age may need their savings to last 30 years or more, making it necessary for retirement funds to sustain a...
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MARKET WEEK: OCTOBER 26, 2020
MARKET WEEK: OCTOBER 26, 2020 The Markets (as of market close October 23, 2020) Last week started out poorly for equities as investors saw the faint hope of pre-election financial stimulus fade. The major indexes fell to their lowest...
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Weekly Market Insights: A Difficult Week for Stocks
Stocks treaded water last week amid fading prospects for a stimulus bill, fears of a second wave of COVID-19 cases, and increasing political and regulatory pressures on Big Tech companies.The Dow Jones Industrial Average added just 0...
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MARKET WEEK: OCTOBER 12, 2020
MARKET WEEK: OCTOBER 12, 2020 The Markets (as of market close October 9, 2020) Last Monday saw stocks start the week on a high note, with each of the indexes listed here posting notable gains. The Russell 2000 led the way, adding 2.8%...
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IRA vs. 401(k): How to Choose
We know, at times, that retirement decisions can be confusing and there is substantial information surrounding the investment vehicles that can be utilized to reach your retirement goals. We thought we’d send along some...
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MARKET WEEK: OCTOBER 5, 2020
MARKET WEEK: OCTOBER 5, 2020 The Markets (as of market close October 2, 2020) Stocks began last week on a high note, with bank and energy stocks leading the way. European shares vaulted to heights not seen in more than three months....
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Can You Claim the Home Office Deduction?
The ongoing COVID-19 pandemic has kept countless people working from home for months now. Many have been wondering whether they should consider claiming the home office deduction on taxes next year so we thought we’d pass along...
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MARKET WEEK: SEPTEMBER 28, 2020
MARKET WEEK: SEPTEMBER 28, 2020 The Markets (as of market close September 25, 2020) The major market indexes continued their slide to begin last week. With last Monday's losses, the S&P 500 endured its longest losing streak since...
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Keep your Eye on the Ball
As the struggle to control COVID-19 drags on, many of us experience periodic fatigue from distancing, negative headlines and future uncertainties. Staying disciplined when weary is difficult but crucial to short-term financial wellness...
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MARKET WEEK: SEPTEMBER 21, 2020
MARKET WEEK: SEPTEMBER 21, 2020 The Markets (as of market close September 18, 2020) Stocks rebounded to begin last week on a positive note, as each of the benchmark indexes listed here posted notable gains by the close of trading last...
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MARKET WEEK: SEPTEMBER 14, 2020
MARKET WEEK: SEPTEMBER 14, 2020 The Markets (as of market close September 11, 2020) Stocks continued to slide last Tuesday as falling tech shares pulled the Nasdaq down 4.1%. Crude oil prices plunged 7.5%, and Treasury yields sank 5...
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MARKET WEEK: SEPTEMBER 7, 2020
MARKET WEEK: SEPTEMBER 7, 2020 The Markets (as of market close September 4, 2020) Stocks sagged last Monday, but not enough to dampen a banner month of returns in August. Only the Nasdaq pushed ahead to start the week as the remaining...
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MARKET WEEK: AUGUST 31, 2020
MARKET WEEK: AUGUST 31, 2020 The Markets (as of market close August 28, 2020) Last week began with a bang. The Dow climbed 1.4% to reach 28,300 for the first time since February. Investors were encouraged by word that the Trump...
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MARKET WEEK: AUGUST 24, 2020
MARKET WEEK: AUGUST 24, 2020 The Markets (as of market close August 21, 2020) Tech stocks rallied last Monday, and the S&P 500 once again spent some of the day above its record high, only to tail off by the end of trading. The Nasdaq...
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MARKET WEEK: AUGUST 17, 2020
MARKET WEEK: AUGUST 17, 2020 The Markets (as of market close August 14, 2020) Stocks started the week mostly higher as investors anticipated additional virus stimulus relief. Value stocks, industrials, and energy shares outperformed...
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Important Document Storage
There are a few important documents that are imperative to know where they are at all times and ensure they are protected from theft and in case of emergency. Often times, these documents can be difficult to find when needed most, so...
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MARKET WEEK: AUGUST 10, 2020
MARKET WEEK: AUGUST 10, 2020 The Markets (as of market close August 7, 2020) Last week began with stocks vaulting higher for the tenth Monday in a row. The Nasdaq reached a record high as tech stocks surged. The dollar gained value...
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MARKET WEEK: AUGUST 3, 2020
MARKET WEEK: AUGUST 3, 2020 The Markets (as of market close July 31, 2020) Equities continued their positive run of Mondays by posting solid gains again to start last week. The technology sector led the Nasdaq to power ahead by 1.7%....
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MARKET WEEK: JULY 27, 2020
MARKET WEEK: JULY 27, 2020 The Markets (as of market close July 24, 2020) Last week started off on a high note as stocks reached levels not seen since February. The Nasdaq gained 2.5% last Monday, led by a surging Amazon and Zoom...
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MARKET WEEK: JULY 20, 2020
MARKET WEEK: JULY 20, 2020 The Markets (as of market close July 17, 2020) Stocks surged early last Monday only to fall back by the end of the day. Earlier in the day, the S&P 500 reached its highest level since the COVID-19 pandemic...
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MARKET WEEK: JULY 13, 2020
MARKET WEEK: JULY 13, 2020 The Markets (as of market close July 10, 2020) Last Monday proved to be a good start to the week for equities as each of the benchmark indexes listed here posted solid gains. The Nasdaq reached a record high...
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Estate Planning When Children Turn the Big 18
Parents are often amazed when their children finally become adults. Turning 18 is a celebratory milestone, and no doubt the experience will leave you wondering how the years flew by so quickly. And even though your child will always be...
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MARKET WEEK: JULY 6, 2020
MARKET WEEK: JULY 6, 2020 The Markets (as of market close July 3, 2020) Domestic stocks surged last Monday, as a robust pending home sales report overshadowed an increase in COVID-19 cases. Pending sales of existing homes soared over...
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QUARTERLY MARKET REVIEW: APRIL-JUNE 2020
QUARTERLY MARKET REVIEW: APRIL-JUNE 2020 The Markets (second quarter through June 30, 2020) Stocks rebounded from a dismal March by posting their best monthly returns since 1987, as investors were encouraged by the expectation of...
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MARKET WEEK: JUNE 29, 2020
MARKET WEEK: JUNE 29, 2020 The Markets (as of market close June 26, 2020) The week began with the stock market picking up where it left off the previous week. Each of the benchmark indexes listed here advanced in value, led by the...
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What is Dollar Cost Averaging?
There are many different strategies that can be used to take full advantage of investing opportunities and help you reach your financial goals; one such strategy is called Dollar Cost Averaging. Dollar Cost Averaging is investing a...
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MARKET WEEK: JUNE 22, 2020
MARKET WEEK: JUNE 22, 2020 The Markets (as of market close June 19, 2020) Equities began the week edging higher following the Federal Reserve's announcement that it would buy corporate bonds under an emergency lending program. The...
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MARKET WEEK: JUNE 15, 2020
MARKET WEEK: JUNE 15, 2020 The Markets (as of market close June 12, 2020) Last week began with a bang for stocks as each of the indexes gained well over 1.0% for the day. The S&P 500, after climbing 1.2%, has picked up nearly 45.0%...
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MARKET WEEK: JUNE 8, 2020
MARKET WEEK: JUNE 8, 2020 The Markets (as of market close June 5, 2020) Despite nationwide protests and U.S.-China tensions, stocks rose to start the week. Apparently, investors focused on progress toward economic recovery instead of...
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Market Week: June 1, 2020
MARKET WEEK: JUNE 1, 2020 The Markets (as of market close May 29, 2020) With the stock market closed last Monday in observance of Memorial Day, Tuesday's trading led to solid returns for each of the benchmark indexes listed here. The...
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Market Week: May 25, 2020
MARKET WEEK: MAY 26, 2020 The Markets (as of market close May 22, 2020) The major benchmarks opened the week on a high note, led by the Russell 2000, which gained more than 6.0%. The large caps of the Dow (3.85%) and S&P 500 (3.15%)...
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Market Week: May 18, 2020
The Markets (as of market close May 15, 2020) Stocks opened the week with mixed returns. The S&P 500 stayed level, the Dow fell by almost half a point, and the Nasdaq finished the day up three-quarters of a percent. Crude oil prices...
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Applying for an SBA Loan
If you feel like your small business is taking the brunt of the financial hit during this COVID-19 pandemic, you’re not alone. While the CARES Act stimulus bill designated $350 million dollars to support the small business sector...
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Market Week: May 11, 2020
The Markets (as of market close May 8, 2020) Investors continue to move toward stocks despite unfavorable economic data. New scientific and medical developments in the battle against COVID-19 offer hope. Last Monday saw stocks rebound...
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COVID-19 and Working Families
Many people that are working families are concerned about their ability to continue to make ends meet should they become unemployed or sick during these turbulent times. Recently passed, the Families First Coronavirus Response Act...
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Tax Filing Information for 2019 and 2020
In response to the COVID-19 pandemic, the IRS has extended the 2019 tax deadline to July 15 in 2020. Knowing when and what you have to file can save a lot of headaches at tax time, so we wanted to be sure you were aware of these...
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Emotional Resilience
Any unpredictable situation in life is likely to bring emotional challenges and during these times of the COVID-19 pandemic, there’s definitely no shortage of them. This type of crisis not only tests our vulnerability as a...
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Market Week: May 4, 2020
The Markets (as of market close May 1, 2020) Investors were guardedly optimistic last Monday as several countries and some states began to reopen their economies. The Russell 2000 jumped by nearly 4.0%, while the remaining indexes...
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Economies begin to emerge from shutdown
Various states and some countries abroad are beginning to slowly reopen after shutdown precautions due to COVID-19. This is likely to be good for the economy, although it will take some time to feel the impact of that progress. To...
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RMD changes for Retirees in 2020
Hope you’re well and staying healthy! As you know, we (both as individuals and as a country) have gone through many changes lately due to the impact of the COVID-19 coronavirus and federal lawmakers’ response to it via the...
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CARES Act and your Small Business
Since many small businesses have been rocked by the widespread isolation orders forcing Americans to stay home, it's important to have a solid understanding of the federal small business loan program now being referred to as the...
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CARES Act and Workers
One of the largest concerns clients are struggling with is the impact unemployment may have on their ability to make ends meet. While the CARES Act may not prevent workers from being laid off, it does provide assistance in helping many...
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CARES Act and Retirees
Congress passed portions of the CARES Act to positively impact the health and wellbeing of retirees, as well as provisions that benefit those still significantly invested in the markets. Here are the portions of the stimulus bill that...
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Small Businesses and the Payroll Protection Program
If you're a Small Business Owner you need to be aware. Give me a shout for additional questions. Here is a quick snapshot from Treasury: SMALL BUSINESS PAYCHECK PROTECTION PROGRAM The Paycheck Protection Program provides small...
Read MoreHarry H. Horning Financial Services Office Update
The Federal Income Tax filing deadline has been postponed to July 15th. In doing our part for social distancing Harry H. Horning Financial Services will be closed to office visits and in-person appointments next week March 23rd through...
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2019 Virginia (State) Income Tax Payment Postponed
Governor Northam announced delay of the 2019 State Income Tax deadline to 6/1. Filing is still required by 5/1 but you do not have to make payment until 6/1.
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2019 Income Tax Deadline Postponed
The Government continues to seek measures to mitigate the economic blow of the Coronavirus. Today the Trump administration delayed the April 15 tax-payment deadline by 90 days giving Americans more time to pay their income tax bills....
Read More3/16 Market Update
The market continues to move based on global reaction to the COVID-19 coronavirus, as well as a cut in interest rates from the Federal Reserve. If you’re interested in more information regarding these movements and what they mean...
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Don't be Rattled
In recent weeks, we’ve seen several major stories in the news. On the political front, in addition to the arrival of the presidential election through the 2020 caucuses and primaries, we have just experienced the third...
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Harry H. Horning Financial Services Office Update
Harry H. Horning Financial Services is open 830-5pm. Income Taxes: There is no change on due date. Corporate tax returns are due 3/16 and Individual Returns are due 4/15. You can mail, email, or drop off your return documentation. We...
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Markets Have the Virus
In your investing lifetime, you may only see a situation like the recent novel coronavirus (COVID-19) a few times. This is a circumstance where complete candor is necessary. The truth is that we can’t yet gauge the full economic...
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Market Drop
I wanted to let you know that I am closely following the financial markets across the globe and the continued volatility that is impacting investor confidence. Global markets have been bracing for uncertainty as the spread of COVID-19...
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Don't Abbreviate
As we've welcomed in the new decade, it seems a hot topic of conversation is a warning about how you shouldn’t abbreviate the year 2020 on any legal or professional documents, including financial ones. Abbreviating the year 2020...
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Coronavirus Update
If you’re following the news, you already know that financial markets across the globe have experienced increased volatility over the last several weeks, and particularly in the last several days. This bumpy performance is driven...
Read MoreBenefits package considerations for your small business
Designing a Benefit Package for Your Small Business If you're a small business owner, you face many challenges in growing your company. One of them is recruiting and retaining the best talent for your needs. When your primary goals are...
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