by Margaret Smith, CPA | Apr 11, 2022 | Tax & Financial Planning
At Canal Capital Management, we provide objective guidance and disciplined investment management for our clients. Importantly, tax strategies are a part of every decision we make.
A topic we have been discussing with business owner clients is related to recent legislation that provides an opportunity for business owners to reduce their federal income tax liability if the business makes an election to pay Virginia taxes at the entity level.
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by Neil Gilliss, MBA, CFP | Mar 9, 2022 | Economics
Russia’s decision to invade Ukraine has dominated the headlines in recent weeks. We are saddened to see the impact on the innocent lives involved in this crisis. This is obviously a very fluid situation, and we are evaluating all developments closely.
Stocks could be volatile for a while, but the impact to stocks from geopolitical events historically has tended to be short-lived.
Please click here to continue reading the update.
by Neil Gilliss, MBA, CFP | Jan 18, 2022 | Newsletters
Despite some end of year volatility, major indices rallied during the 4th quarter, with the S&P 500 up 11% and the Dow up 8%. For the full year, the S&P 500 was once again the best performer of the major world indices, returning 26.9% and recording 70 new record highs, the most since 1955. This was the third straight year of double-digit returns. The markets were once again driven by earnings growth. Heading into 2021, the market consensus was for year over year earnings growth of 22%. Incredibly, actual earnings grew 65% year over year, the largest upward revision since this data has been tracked starting in 1984. Record inflows into equity funds and a resurgence in stock buybacks also helped major U.S. indices.
Please click here to continue reading our 4th Quarter Market Commentary.
