In This Issue
Should you change your paycheck withholding?
Low mortgage rates make home purchasing and refinancing attractive for some
Health benefit plans become accessible to smaller businesses
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Reminders
Reminder   

July 15 
* Individuals - Deadline to file and pay 2019 taxes plus estimated taxes that were deferred from April 15 and June 15

July 15
* Businesses - If you maintain an employee benefit plan and use a calendar fiscal-year, file form 5500 or 5500-EZ for tax year 2019

> Other important dates
July 2020
 

Heraclitus said, "the only constant in life is change," and that's certainly true in 2020. In this issue, we highlight issues to consider during this year of changed economic conditions. 

As always, we're available to discuss your specific situation in light of new laws and changing individual circumstances. Please call or email us to set up a time to talk by phone, by video, or in person.

And don't forget: July 15 is the extended deadline to pay your 2019 taxes and any Quarter 1 and 2 estimates you may owe.

Wishing you a happy Fourth of July holiday, when our office will be closed to allow staff to spend time with their families.

Yours faithfully,
Eloisa 
Individuals
Should you change your paycheck withholding?

Withholding is intended to help you avoid a surprise at tax time. If it's accurate, you won't owe more or get a refund when you file your taxes. But there are many things to consider when determining how much to withhold. And the IRS has a new method for calculating it.   >Questions to ask yourself

Low mortgage rates make home purchasing and refinancing attractive for some

Mortgage rates have plunged to historic lows. If you have considered home ownership or if your current mortgage interest rate is 4 percent or higher, now might be the time to jump in.  > Here's why

Businesses
Health benefit plans become accessible to smaller businesses

Small businesses that aren't able to offer paid medical benefits as part of their employee attraction and retention strategy now have more options. Health Retirement Accounts (HRAs), small-employer HRAs and individual coverage HRAs are available and they can sometimes be combined with other medical benefits.
> What you need to know.

Questions about HRAs? Call our office at 505-984-0646  to schedule an appointment.