Preparing for a Business Exit: Comparing Transition Options
Arguably one of the biggest decisions an owner may face is how they will transition their business. While…
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Making Your Business Valuable During COVID-19: Pivoting a Service to a Product
Service companies are disproportionately impacted by the economic disruption caused by the COVID-19 pandemic. While consumers are cutting…
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Year-End Tax Planning for 2020: RMD Changes, Tax Law Proposals and Strategies to Consider
Being nimble has seemed like a requirement for all of 2020. We have needed to be nimble with…
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Can I Transfer My Social Security Benefits to Children or Heirs?
When planning for social security distributions, a common question we hear from retirees is, can I provide a…
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Basic Rules of Passive vs. Non-Passive Income
The net investment income (NII) tax is a 3.8% surtax on investment income that was created by the…
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4 Ways to Build Value in Your Business by Protecting Your Turf
Business owners always need to keep an eye on their competition and strategic moves they’re making. Large companies…
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Powerful Ratios to Start Tracking Before You Sell Your Business
Baseball’s leadoff batters measure their “on-base percentage” – the number of times they get on base as a…
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Are You Ready to Unexpectedly Transition Your Business?
Have you ever noticed that fire trucks always back into the fire hall? Why don’t they just pull…
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Tax Reform for Businesses: Meals and Entertainment Expense Deduction
Deducting business-related meals and entertainment expenses is common for most businesses, but the Tax Cuts and Jobs Act…
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The Business Transition Planning Process: Transitioning to the Next Phase of Life
Developing an identity outside of the business and finding new passions are areas that business owners don’t usually…
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