New Tax Rule On Pass-Through Businesses To Benefit Agency Owners
The IRS finalized a regulation Friday making clear that owners and shareholders of insurance agencies and brokerages organized as pass-through entities can fully benefit from a new tax deduction. Under the regulation, owners and shareholders of insurance agencies and brokerages can take up to a 20 percent tax deduction on qualified business income.Read more
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Washington Wire
New Tax Rule On Pass-Through Businesses To Benefit Agency Owners
The IRS finalized a regulation Friday making clear that owners and shareholders of insurance agencies and brokerages organized as pass-through entities can fully benefit from a new tax deduction. Under the regulation, owners and shareholders of insurance agencies and brokerages can take up to a 20 percent tax deduction on qualified business income.
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Annuity News
Rep. Wilson Introduces Bill On Reduction Of Survivor Annuities
Joe Wilson, R- S.C., has introduced legislation to amend title 10, U.S. Code, “to repeal the requirement for reduction of survivor annuities under the Survivor Benefit Plan for military surviving spouses to offset the receipt of veterans dependency and indemnity compensation.” John A. Yarmuth, D- Ky. It was referred to the House Armed Services Committee.
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4Q Profits Down At Morgan Stanley Wealth Management
Choppy markets and heightened compensation costs hindered Morgan Stanley Wealth Management’s revenue in the fourth quarter. Morgan Stanley Wealth Management reported revenue of $4.14 billion in the fourth quarter, down 6 percent sequentially and 6 percent from a year ago. The pretax margin for all of 2018 was 26.2 percent, up from 25.5 percent in 2017 and…
Health/Employee Benefits
Just 4 in 10 Small Businesses Offer Retirement Benefits, Survey Finds
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