10757 SW 104 Street
Miami, FL 33176
United States of America		 Phone: (305) 274-1367
Fax: (305) 602-5940

Steven H. Dohan, Managing Director

To make an appointment for an initial consultation so we can learn more about your needs, please click https://dohancpa.as.me/free-consultation
Site Logo

(305) 274-1367
Our greatest successes have always been built on a deep understanding of our clients’ goals and circumstances. On insight that comes from caring.

How To Use Qualified Charitable Distributions For Charitable Giving

  • Categories: Blog, Financial Planning   •   
  • Comments Off on How To Use Qualified Charitable Distributions For Charitable Giving   •   
  • by Service2Client

Each year, millions of Americans make donations to charitable organizations and receive something in return – a tax break. However, the 2017 Tax Cuts and Jobs Act curbed this tax advantage because it reduced the number of people eligible to claim a charitable deduction by raising the standard deduction. For 2020, the standard deduction is $12,400 for individuals and $24,800 for married couples filing jointly. If your list of deductions is not greater than those amounts, there is no tax benefit to itemizing – which means you might not be able to claim your charitable donation. Without the ability to claim a deduction, some retirees just take their normal required… Read More

How Likely Would a Second Coronavirus Wave Negatively Impact the Stock Market?

  • Categories: Blog, Stock Market News   •   
  • Comments Off on How Likely Would a Second Coronavirus Wave Negatively Impact the Stock Market?   •   
  • by Service2Client

As Johns Hopkins University of Medicine’s Coronavirus Resource Center revealed a recent increase of coronavirus cases in the Southern and Southwestern United States, the VIX ticked up. With fears of the outbreak curve not flattening, how will this impact markets? The Volatility Index (VIX) was established by the Chicago Board Options Exchange in 1993 to gauge volatility in the financial markets. Referred to colloquially as the “fear index”, it measures the next 30 days of anticipated volatility for the U.S. Stock Market via S&P 500 options. For reference, during the peak of the 2008 financial crisis, it topped out at 89.53. During periods of relative calm, it’s not unheard of… Read More

Hiring in the Age of Coronavirus

  • Categories: Blog, General Business News   •   
  • Comments Off on Hiring in the Age of Coronavirus   •   
  • by Service2Client

The U.S. job market gained 2.5 million jobs during the month of May, dropping the unemployment rate to 13.3 percent, according to the U.S. Bureau of Labor Statistics. There’s likely been a lot of rehiring, with more to come as the economy continues reopening. However, until social distancing becomes a thing of the past, hiring effectively will take some pivoting during the pandemic. Finding Candidates Virtually Employers looking to interview and hire candidates can take advantage of LinkedIn during the pandemic. Along with providing a branding opportunity, the platform gives businesses a hybrid social media and marketing tool. Leveraging 1st Connections on LinkedIn, participating in discussion groups, demonstrating one’s industry… Read More

HEROES ACT Can Combat Economic Downtown

  • Categories: Blog, Tax and Financial News   •   
  • Comments Off on HEROES ACT Can Combat Economic Downtown   •   
  • by Service2Client

The HEROES Act, otherwise known as the Health and Economic Recovery Omnibus Emergency Solutions Act, can greatly improve the benefits for the earned income tax credit (EITC) for eligible workers who don’t have children. This legislation would also help wage earners in the business-to-consumer and leisure sectors of the economy impacted severely by the coronavirus pandemic. Looking at the HEROES Act legislation and how it would help childless wage earners, we need to examine the rules surrounding the EITC and how many additional filers may qualify. While childless students pursuing formal education are still required to be 25 for EITC eligibility, filers as young as 19 (down from 25 years… Read More

In the Wake of the Coronavirus Pandemic, Congress Passes the Most Expensive Single Spending Bill in American History

  • Categories: Blog, Congress at Work   •   
  • Comments Off on In the Wake of the Coronavirus Pandemic, Congress Passes the Most Expensive Single Spending Bill in American History   •   
  • by Service2Client

Paycheck Protection Program and Health Care Enhancement Act (HR 266) – This is a multilayered legislative bill divided into four distinct sections. Phase 1 authorized funding for coronavirus preparedness and response; specifically, for measures such as vaccine development and public health funding. Most of the money was allocated to the Department of Health and Human Services. Approximately 81 percent of funds were allocated domestically, with the other 19 percent allocated internationally. Phase 2 allocated $104 billion for three specific objectives: 1) Require private health insurance plans and Medicare to cover COVID-19 testing; 2) Expand unemployment insurance by $1 billion and loosen up eligibility requirements; 3) Provide for paid sick leave… Read More

How IT Spending Will Change When Business Resumes

  • Categories: Blog, What's New in Technology   •   
  • Comments Off on How IT Spending Will Change When Business Resumes   •   
  • by Service2Client

Most states are starting to relax stay-at-home restrictions. As such, businesses are developing plans for bringing employees back to work. Many businesses are already affected by the pandemic and their future looks grim. Specifically, we are going to look at the IT sector and examine what spending might look like in a post-lockdown economy. Disruption The COVID-19 pandemic has resulted in an unprecedented disruption in businesses. As a result, management has tried to reduce costs to survive or risk shutting down. IT departments have suffered the most with major budget cuts due to a reduction in revenue. As a result, non-urgent purchases have been eliminated; initiatives have been suspended; and… Read More

How to Stay Productive When Working from Home

  • Categories: Blog, Tip of the Month   •   
  • Comments Off on How to Stay Productive When Working from Home   •   
  • by Service2Client

Due to the unprecedented effects of COVID-19, the line between our professional and personal lives has blurred. Trying to take care of job responsibilities from home requires new ways of navigating. Here are a few ideas to help you become more productive while working at home – and stay grounded in these uncertain times. Dress for Work As tempting as it might be to stay in your pajamas, don’t. Act as if you’re going into the office: shower put on your work clothes and head to your desk. You’ll feel more focused and professional. According to Heather Yurovsky, founder of Shatter & Shine, one should not underestimate the power of… Read More

Why Sequence of Returns Risk Matters Now

  • Categories: Blog, Financial Planning   •   
  • Comments Off on Why Sequence of Returns Risk Matters Now   •   
  • by Service2Client

That year or two when you are closing in on your retirement date, followed by a year or two after you retire, are the worst times for a sustained market decline. Market analysts call this scenario the sequence of returns (SOR) risk – because once your principal has been significantly reduced, there’s not enough time in the market left for you to recover those losses. Two things will likely happen. First, the amount of retirement income you can withdraw each year is irrevocably reduced. For example, if you were planning to withdraw 4 percent a year from a $350,000 portfolio, you would have received a supplementary income of $14,000 a… Read More

Are Dividends Becoming a Luxury During the Coronavirus Pandemic?

  • Categories: Blog, Stock Market News   •   
  • Comments Off on Are Dividends Becoming a Luxury During the Coronavirus Pandemic?   •   
  • by Service2Client

According to the futures market, Chicago Mercantile Exchange contracts are forecasting a drop of 27 percent in dividends over 24 months for the S&P 500 index. Dividends are projected to fall to $42.05 in 2021, a drop from 2020’s dividend of $47.55 and 2019’s high of $58.24. Looking forward to 2026, according to CME’s futures contract, the dividend is expected to recover to $56.65. While the latter years are not as likely as what’s up next, it’s worth taking note. Although these dividend levels have already been announced, the future doesn’t look much brighter. According to Goldman Sachs, Q2 economic growth is expected to drop by 34 percent. Even though… Read More

Understanding the Federal Government’s Proposal for Opening Up Again

  • Categories: Blog, General Business News   •   
  • Comments Off on Understanding the Federal Government’s Proposal for Opening Up Again   •   
  • by Service2Client

After seeing a peak and then a sustained decline in coronavirus cases, hospitalizations, and deaths resulting from COVID-19, the White House and the Centers for Disease Control and Prevention has rolled out a three-tier approach to get the nation back to its pre-coronavirus economic activities. While this program is led by the Federal Government, it is ultimately up to governors how they will reopen states and localities. However, there are some universal criteria that states must follow to gradually reopen the economy.    Before transitioning from the stay-at-home orders to the three phases, certain criteria must be met. In order to move to less restrictive phases, there must be a… Read More

  • Contact Information

    Phone (305) 274-1367
    Fax (305) 602-5940

    10757 SW 104 Street
    Miami, FL 33176

  • © Dohan CPAs 2020.
    All rights reserved.