DON’T FORGET ABOUT THE CORPORATE TRANSPARENCY ACT
As we bid September adieu, and head into the 4th quarter, I am reminded that filing for private companies under the Corporate Transparency Act (CTA) is due by year-end 2024….
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THE PERSONAL SIDE OF SUCCESSION PLANNING
There is a litany of published material on succession planning. Blog posts, newsletters, articles, and books abound. Most are focused on the practical issues of the process and how to…
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FAMILY OFFICES AND THE CORPORATE TRANSPARENCY ACT
The Message Family offices, long a mainstay of privacy and secrecy in the world of family business activities, are now running headlong into governmental rules requiring disclosure of critical ownership…
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THE FAMILY OFFICE “MINDSET” SHIFT
The title may puzzle some readers. Why would a “mindset” shift” be required of a wealthy family to form an effective, sustainable, single-family office? Here is why! Newly formed single-family…
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WHEN TO HIRE A FRACTIONAL CFO
If your small business is growing (and especially if it is growing rapidly) or you are facing a financial challenge, a fractional CFO can be a valuable asset. These CFOs…
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NEW TAX TREATMENT FOR R&D EXPENSES IN 2022
The Tax Cuts and Jobs Act (TCJA) of 2017 made significant changes to the income tax treatment of research and development (R&D) expenditures. Prior to the TCJA, businesses were allowed…
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WHEN TO OUTSOURCE YOUR ACCOUNTING
When I talk with business owners, a frequent complaint is lack of time to focus on the things they love to do to help their customers. Since that passion is…
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COVID AND ESTATE PLANNING
So many things have taken a backseat to Covid during the last year that I was surprised last week by one that has not – estate planning. A contact reached…
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The Operating Manual for Business
There are a litany of books on businesses and how to run them. Reducing all that information to a sort of “how-to” or operating manual is not so common though….
Read more »THE OPERATING MANUAL FOR BUSINESS
There are a litany of books on businesses and how to run them. Reducing all that information to a sort of “how-to” or operating manual is not so common though….
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