Taxes “Business owners get rules on 20 percent tax break” One of the largest benefits of the 2017 tax overhaul has been the new 20% deduction for pass through business owners. It had been like pulling teeth to get the actual rules on this break until recently. Even with the government shutdown they finally got some of these details out to tax payers. The new rules have come with mixed support as it seems to complicate some tax returns and help others. Here is an article that outlines some of the changes. https://www.fa-mag.com/news/private-equity-investors-get-rules-on-20-percent-tax-break-42864.html?section=43&utm_source=FA+Subscribers&utm_campaign=1a9b50d27e-FAN_AM_Send_021318_A-B_Split_COPY_01&utm_medium=email&utm_term=0_6bebc79291-1a9b50d27e-222262637 ~Casey Bulgin, CFP®, AEP®- Vice President- Investments Technology “Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year.” I seriously question the viability of Tesla over the long-term. It isn’t that I am not wowed by the incredible vehicles that the company has produced or the company’s quirky CEO’s ability to capture the imagination of millions. I find Elon Musk and Tesla both captivating and inspiring and I hope that they together have a very long and successful run. That’s the funny thing about Tesla; I question the ability of Tesla to survive not because they are so bad, but because they are so good. Tesla took a 100+ year old industry and turned it on its head. Tesla was so good at changing automotive culture and attitudes that inspired existing automobile manufacturers to compete and over the next two model years more than a dozen luxury fully electric or hybrid vehicles will hit automobile dealer’s lots. Until now, Tesla did not have serious competition in the electric auto space. That all changes now. However, Tesla knows this and knows that to stay relevant (and solvent), they have to stay ahead of the competition. To that end, Elon is pushing to achieve autonomous driving by year end. If true, this feat will do exactly that. https://www.cnbc.com/2019/02/19/elon-musk-tesla-will-have-all-its-self-driving-car-features-by-the-end-of-the-year.html ~Jesse A. Peck, JD, WMS -Vice President- Investments Taxes “Double-Check Before Filing Your IRS Return” Tax filing season is here. Review these tips to ensure a smooth filing and return process. Some of these tips may seem obvious—like going back over the information you entered—but these are common and can cause a long delay in processing your return or even trigger an audit. It’s always wise to seek the help of a professional. If you don’t already have a tax advisor, consider working with one this year to see if together you can uncover new ways to turn your tax return in your favor https://www.raymondjames.com/pointofview/doublecheck-before-filing-your-irs-return?utm_source=hearsay&utm_medium=social&utm_campaign=taxes&utm_content=article ~Katharyn S. Woods, CFP®, Investment Portfolio Associate Technology “BMW, Daimler pool resources on automated driving technology” Ok, so perhaps I spoke (wrote?) too soon about Tesla staying ahead of the competition with the achievement of autonomous driving. BMW and Daimler, competitors in the luxury and high performance automotive markets, have partnered up to share the steep costs of developing autonomous driving technology. However, even if this venture is successful, BMW does not anticipate having an autonomous vehicle on the road until 2021 and even at that point, the technology would be limited in scope. Tesla’s goal, if realistic, would put them way ahead of the competition by updating their entire fleet with autonomous driving technology. BMW and Daimler have huge advantages over Tesla in the areas of scalability, dealership footprint and available cash to put towards both design and marketing. Tesla is in the arena first. It’s going to be interesting to see who comes out on top in the high tech auto wars. https://www.reuters.com/article/us-bmw-daimler-autonomous/bmw-daimler-pool-resources-on-automated-driving-technology-idUSKCN1QH13O ~Jesse A. Peck, JD, WMS -Vice President- Investments Retirement Planning “Hidden Gem: HSAs in Retirement” Health Savings Accounts (HSAs) are a great tool to use now and in retirement. During your working years, if your health expenses are relatively low, you may be able to build up a significant balance in your HSA over time. You can even let your money grow until retirement, when your health expenses are likely to be greater. You can use your HSA for a variety of things in retirement such as unreimbursed medical costs on a tax-free basis, Medicare premiums, and long-term care premiums up to certain limits. Read this article to learn more about the benefits of HSAs. http://www.forefieldkt.com/kt/trns.aspx?il=ra&nl=y&xd=NPT-HSA0219 ~Katharyn S. Woods, CFP®, Investment Portfolio Associate Any opinions are those of Casey Bulgin, Jesse Peck, Katharyn Woods and not necessarily those of Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected.