Expert Articles
Being Tax Efficient Requires Timing, Planning, and Partnership
As your wealth grows so can the complexities of proper management. Expertise should be delivered to you in many areas by professionals who have a specialty in working with affluent families. For this article, we’ve reached out to a couple of experienced tax advisors with whom we regularly partner to provide some tips on being tax efficient with your wealth.
Read More »2017 Tax Documents — What to Expect, When, and From Whom
The first quarter of each year is often a period of fresh starts and new beginnings. But it is also a time for wrapping up the previous year’s business and putting it to bed — especially with regards to tax preparations. To assist in the organization of many of these details and to smooth the process for both yourself and your financial service providers, we’ve assembled the following checklist of dates, documents, and notes to keep in mind.
Read More »Is an ESOP a Better Option Than an Outright Sale of Your Business?
When it’s time to move on from the business, many owners regard selling or merging their company to be the only viable option. But doing so often leaves employees and clients in a bad spot. For owners looking to make the best decision for themselves and the company they’re leaving behind, another option to consider is an Employee Stock Ownership Plan.
Read More »Managing Charitable Giving During the Sale of a Business
As successful business owners reach a point in their business when they are ready to sell, many also recognize both the need and opportunity to do more with their good fortune. For business owners with such a charitable inclination and a readiness to have their business change hands, there are many options and considerations to weigh.
Read More »Using a Roth IRA Conversion to Lower Your Tax Liability in Retirement
Many workers use qualified retirement accounts to save for retirement. A major attraction of these vehicles is that taxes on the earnings are deferred. That can be beneficial while you are working, but on-going deferrals over the long-term can also lead to large bills once you retire. There is, however, a way to reduce the potential tax bite of tax-deferred retirement accounts.
Read More »Succession Planning Part 2: The Convergence of Exit and Estate Planning
Estate planning is complex. Add to it the dimension of planning a business sale ortransition, and it can be overwhelming. But it’s just as essential as business planning in order for your family to navigate as smoothly as possible through a transition. Here are some key elements to keep in mind to make the process less of a challenge.
Read More »Succession Planning Part 1: Establishing an Exit Strategy
Business owners wear many hats. Beyond key services, owners may be involved in marketing, finance, operations, and more. But one aspect often overlooked is planning for the day they step away from the business for good.
Read More »DOL’s New Rule Should Be A Win For Consumers
It seems everyone has an opinion about what effect, if any, the DOL’s Conflict of Interest Rule will have on consumers. Opponents of the rule insist it will raise costs and reduce access to adequate retirement advice, while proponents argue the increased transparency will be a win for the investor. So, who is correct?
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