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Wednesday, September 30, 2020

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...

Monday, 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...

Thursday, September 24, 2020

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...

Monday, 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...

Monday, 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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Monday, 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...

Monday, 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...

Monday, 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...

Monday, 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...

Thursday, August 13, 2020

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...

Monday, 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...

Monday, 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%....

Wednesday, July 29, 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...

Monday, 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...

Monday, 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...

Thursday, July 9, 2020

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...

Tuesday, July 7, 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...

Wednesday, July 1, 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...

Monday, 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...

Friday, June 26, 2020

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...

Monday, 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...

Monday, 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%...

Monday, 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...

Monday, 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...

Monday, 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%)...

Monday, 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...

Friday, May 15, 2020

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...

Monday, 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...

Friday, May 8, 2020

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...

Thursday, May 7, 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...

Tuesday, May 5, 2020

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...

Monday, 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...

Thursday, April 30, 2020

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...

Monday, April 13, 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...

Wednesday, April 1, 2020

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...

Wednesday, April 1, 2020

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...

Wednesday, April 1, 2020

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...

Wednesday, April 1, 2020

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...

Friday, March 20, 2020

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...

Friday, March 20, 2020

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.

Tuesday, March 17, 2020

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....

Tuesday, March 17, 2020

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...

Monday, March 16, 2020

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...

Monday, March 16, 2020

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...

Thursday, March 12, 2020

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...

Tuesday, March 10, 2020

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...

Monday, March 2, 2020

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...

Tuesday, February 25, 2020

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...

Monday, July 8, 2019

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...