Twelve points Blog
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.
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.
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.
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.
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.