It’s tax season and RubinBrown team members are hard at work for our clients! We thank you for your trust in us and your business. Although the tax deadline (April 18) is a month away, we are requesting 1040 client tax documents be to us by Friday, March 24. This will ensure we are able to file timely for you.
Global venture capital (VC) investment cooled off in 2016, following 2015’s record high levels. Overall VC deal flow slowed nearly 25%, while dollars invested dropped 10%. Poor IPO performance and political uncertainty drove a hesitant fourth quarter, rounding out the down year. The agtech industry was impacted by the global VC decline, yet we see reasons to be optimistic.
The Department of Labor’s (DOL) new “fiduciary rules” are scheduled to become effective April 1, 2017; however, the DOL is currently considering legal options regarding a possible delay in the applicability date of these new rules. Trustees should continue to monitor the status of these rules over the next few weeks in order to confirm that plans are fully complying once the rules do take effect.
The Jefferson Ballroom on Chouteau was buzzing with beer talk on February 13, 2017, as brewers from across the city joined together for the St. Louis Brewers Guild’s inaugural State of the Brew’nion event.