With all of the time and effort you’ve invested into your business, you owe it to yourself to ensure that your business will continue to flourish through developing a business succession plan. When you’re ready to retire or in the unforeseen event such as death or disability, you can help make certain of a smooth transition by considering these key aspects of succession planning.

The COVID-19 pandemic caused many businesses to adjust and pivot by adopting remote work arrangements. As the world emerges from drastic pandemic measures, there is a growing interest in hybrid work, which combines remote work with in-office work. There are many advantages of hybrid work, along with just as many challenges. With the right planning and strategy, it can be a win-win for everyone.

Have you heard about the ways to reduce your family’s tax burden while keeping your business intact? With this planning tool you can put all or part of your company’s stock into an irrevocable trust that pays you, the business owner, a fixed income for a specified number of years, being especially useful if a business or estate assets will appreciate in value.

Many business owners become so engrossed in company operations they inadvertently neglect their personal finances and their own personal priorities and goals. This article explains ways that you can develop strategies with your financial advisor that will help strengthen your personal finances, which can change over time with the growth of your company.

Your personal finances matter, even though you may be busily focused on your business plan. Juggling the responsibilities of your business and your personal affairs is a challenging task. However, it’s important to take some time out of your busy schedule to review your personal plan to help keep your personal finances on firm ground. Here are some suggestions that may help.

When business is booming, wasteful practices may abound, but are seldom addressed by business owners in the rush to get the product out or job done. Yet, when business slows, the time is there to take stock of operations, formulate new strategies, and find innovative resources to help improve the efficiency and economy of your business. Here are some issues to consider.

The SECURE Act has wide-reaching impact The “Setting Every Community Up for Retirement Security Act”, or SECURE Act, was signed into law on December 20th, after passing with bipartisan support (97% of the house, and 71% of the senate).  Whether you are an employee with a 401(k) or a small business owner providing retirement benefit […]

This end-of-year planning article covers multiple topics, such as why donating securities may be better than cash for both the receiver and the donor. We also cover some ideas for both employees and employers that can reduce 2019 taxes and set the stage for years to come.