New Guidance on PPP Loan Forgiveness: S and C Corps

PPP Loan Forgiveness for Partnerships and S and C Corporations If you operate your business as a partnership or an S or C corporation, you face entity-specific PPP loan forgiveness rules that apply to you as an owner-worker in the business. The rules that apply to you do not apply to the rank-and-file employee group. The government puts you, as owner-worker, in a separate “owner-employee” … [Read more...]

New Guidance on PPP Forgiveness: Self-Employed

Government Clarifies PPP Loan Forgiveness for the Self-Employed We now have new clarity on the Paycheck Protection Program (PPP) loan forgiveness for the self-employed with no employees. New Road to 100% Forgiveness Say thanks to the Paycheck Protection Program Flexibility Act of 2020. This new law creates a 24-week period for you to spend your PPP loan proceeds. If you obtained your loan … [Read more...]

The Markets in July

The Markets in July Stocks recorded gains in the last month in spite of gloomy news on the economic and pandemic fronts, with US GDP falling nearly 33.0% in Q2, mixed corporate earnings results, emerging pandemic hot spots, growing unemployment claims, and ongoing turmoil between the United States and China. On the positive side, 4.8 million new jobs were added in June, the housing sector … [Read more...]

The Markets in June

The Markets in June 2020 June was a month of dramatic highs and lows for stocks. The Dow for example climbed 6.8% in the first week of the month, then fell 5.5% in the second week. However, by the close of June, each of the major indexes posted gains, with the tech holdings of the Nasdaq leading the way, up nearly 6.0% from its May closing value. April, May, and June of 2020 saw the best … [Read more...]

A Note on RMD Changes

A Note on RMD Changes Remember that there are no mandatory RMDs  - “Required Minimum Distributions” -- for the 2020 tax year, which is a Covid19-related reprieve. This applies to all IRAs, including Beneficiary IRAs. In another change, the 2019 tax year is the last one for which the age 70½ is the magic age for starting RMDs - the age has been increased to 72. Also the that the government … [Read more...]

IRA Limits and Deadlines

IRA limits and deadlines – for 2019 and 2020 The deadline is approaching! July 15 is the new April 15 for the 2019 tax year, because of COVID19. The maximum amount you can contribute to a traditional IRA or a Roth IRA for 2019 and for 2020 is $6,000 (or 100% of your earned income, if less). The maximum catch-up contribution for those age 50 or older is $1,000 for both years, for a total of … [Read more...]

New Frauds Target Charities

More Fraudulent Schemes Impact Charities Many charitable organizations are dedicated to helping those affected by COVID19 as well as those helping fight racism and promoting social change. But scammers are now taking advantage of our eagerness to help. They have created fake groups, posing as legitimate charitable organizations to solicit donations from unsuspecting donors, funneling money away … [Read more...]

Five-Year Rule for Roth IRAs

The Roth IRA Five-Year Rule The Roth "five-year rule" – often misunderstood – in part governs when you can take tax-free distributions of earnings from your Roth accounts (IRAs, Roth 401k, or other work-based Roth accounts). Your Roth contributions can be withdrawn tax-free at any time. But the for the account’s earnings: The rule says that to take a tax-free distribution of earnings you must … [Read more...]

New Flexibility for PPP Loan Forgiveness

Relief for Small Businesses A new law called the “Paycheck Protection Flexibility Act” or PPPFA, passed June 5, makes major changes regarding how much time business owners have to use the loan and how the loan money can be spent. Many had complained that the PPP was too restrictive considering the varying circumstances of small businesses. The original PPP (Paycheck Protection Program) loan … [Read more...]

Three Questions to Increase Happiness

Three Questions to Increase Happiness Shelter-In-Place Offers Opportunity for Reflection: What makes us happiest? Our quarantines and shelter-in-place this year have been difficult for many, but it would be a shame not to use the current situation to learn more about ourselves, says Shlomo Benartzi, PhD, an expert in behavioral finance and a professor at the UCLA Anderson business school. He … [Read more...]

The Markets in May

The Markets in May 2020 The month of May saw some U.S. states and foreign countries ease the restrictions put in place for the COVID-19 pandemic. As economies slowly picked up, confidence in stocks grew, driving values higher. However, optimism was kept in check by weak economic reports and growing tensions between China and the U.S. The unemployment rate hit its highest level since the Great … [Read more...]

Investing: Strategy vs. Reaction

Investing: Strategy vs. Reaction You can always count on market swings to challenge your patience as an investor, but these current swings – and the reasons for them – are unprecedented in their speed and depth. Tune Out the Noise The media generates news 24 hours a day, seven days a week, and they need to fill all that time. You can check the market and access the news any time and … [Read more...]

Key Benefits of the CARES Act

Key Benefits of the CARES Act - and a Note About Financial Literacy Financial Literacy for the Pandemic **NOTE: Our "Financial Literacy for the Pandemic" Zoom calls, which were held weekly during the first few months of the pandemic, will move to monthly as the questions have subsided but many people still need help with financial issues as a result of COVID-19. We will be sending the usual … [Read more...]

The Markets in April

The Markets in April 2020 T.S. Elliot wrote “April is the cruelest month” in his poem The Waste Land, and he was not far off this year. The month began on a bad note for stocks as each of the major indexes lost value. Economic reports reflected the impact of the COVID-19 pandemic: historic job loss and unemployment claims that rose each week, shuttered businesses, negative crude oil prices amid … [Read more...]

Cybersecurity Tips

Cybercriminals will always exploit the headlines, and they have not stopped with the Coronavirus. In this pandemic, we need to be extra skeptical about emails and social media. Hackers are always trying to take advantage of our fears and emotions. There are many new schemes and scams out there, some of them cleverly real. Here are some tips that cybersecurity expert John Sileo told us about that … [Read more...]

Blue Spark Capital Advisors

We're a fee-only Registered Investment Advisory and financial planning firm based in New York City and the Berkshires.

We specialize in working with women after divorce, death of a spouse, or other life transitions such as retirement or job change. We provide financial planning and investment management services.

We believe in a holistic approach. Movement in each piece of your financial plan impacts the others, so we consider your entire picture.

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130 West 19th Street (8th Floor)
New York, N.Y. 10011
(212) 537-3899

93 Church Street
Lenox, Mass. 01240
(413) 551-7000

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– Samuel Johnson (1709-1784)
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