Twelve points Blog
December 2020 Market Outlook
Hello friends, welcome to the December 2020 market outlook. We hope this letter finds you well and your families enjoyed a wonderful Thanksgiving. Obviously, this year was different from a variety of ways. But with the holiday season upon us, we’re approaching the end of a dreadful year. Here’s to 2021 being a major improvement. Let’s dive in.
Francesca Federico named one of NAPA’s Top Women Advisors
We are proud to announce that our very own Francesca Federico has been recognized by the National Association of Plan Advisors as one of the Top Women Advisors for 2020. Her talent and efforts earned her the level of “Captain”, one of only 50 to be recognized at this highest designation.
Twelve Points Named #860 on Inc. 5000
When Inc. Magazine released this year’s Inc. 5000 list, our team was thrilled to see that we not only were on the list for the second year in a row, but we had risen by over 3,000 places!
CARES Act For Businesses, Sole Proprietors and Independent Contractors
Employers are able to postpone the amount of payroll tax they pay on employees’ salaries attributable for 2020. If elected, half of these taxes will be due 12/31/2021 and the remaining half by 12/31/2022.
Coronavirus Aid, Relief and Economic Security (CARES) Act Provisions
Financial support for individuals is available in a one-time check or direct deposit, which will be sent from the US Treasury. The full credit amount is $1,200 for individuals, $2,400 for couples and $500 for children under age 17.
Families First Coronavirus Response Act: Employee Paid Leave Rights
Paid sick leave and family leave is available to employees of small and mid-sized companies under 500 employees from 4/2/2020 to 12/31/2020. Under this plan, the company pays its employees and is reimbursed by the government in the form of a payroll tax credit.
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