Taxation
2023 Last-Minute Year-End Retirement Deductions
The clock continues to tick. Your retirement is one year closer.
You have time before December 31 to take steps that will help you fund the retirement you desire. Here are five things to consider.
1. Establish Your 2023 Retirement Plan
First, a question: Do you have your (or your corporation’s) retirement plan in place?
If not, and if you…
FINANCIAL FOCUS® – Know the key benefits of Roth IRA
As you save for retirement, you’ll want to take full advantage of the investment vehicles available to you — and one of the best is a Roth IRA. But what sets it apart from other accounts?
Three key factors distinguish the Roth IRA:
- Tax-free earnings – When you invest in a Roth IRA, your earnings can grow tax free, provided
…
M&A Update August 2023
2022 was a year with plenty of challenges for private equity and M&A as a whole:
- The growing valuations of late 2021 were stunted by the fastest-tightening cycle in 40-plus years.
PE borrowing rates increased to double the levels at which they stood at the start of 2022 and are well into the double digits. - The record deal activity we
…
Tax Controversy – Audits and Appeals
I was recently interviewed by Matt Chancey on Tax-Alpha Solutions which was a great experience! We talked about tax controversy.
Tax-Alpha Solutions features business experts from across many fields. I was fortunate enough to be a guest on the show and found the experience to be entertaining.
Here are just a few of the topics we covered:
● What is…
Tax Structures in M&A Transactions
Many private-equity transactions are structured as an equity purchase (e.g., stock) rather than as a direct asset purchase. Sellers often prefer an equity sale because they expect to receive preferential capital gain treatment on any resulting gain and typically require a gross-up for any ordinary income tax liability on a deemed asset sale. At the same time, buyers generally prefer…
Key Decisions When Considering an External Sale
Selling your business externally to a 3rd party buyer/investor, more often than not, yields the highest value. It is a common strategy among business owners who are looking to diversify their personal financial risk and those who recognize that “going it alone” is no longer a long-term aspiration. The process of taking your business to market can be stressful and…
Informing Your Stakeholders Without the Dread
Business owners often dread telling their various stakeholders of their intent to sell the business. Done poorly, this process may negatively impact the business or deal process. Taking time to craft a strategy for informing stakeholders will help mitigate many of the risks associated with the M&A process.
Download our “Informing Stakeholders” guide to get tips on messaging the sale…
8 Steps to Key Employee Planning
Ownership for key employees can be an instrumental strategy to retain and attract top talent within your business and increase value over the long term. When tackling key employee planning with our clients, our fundamental goals is to use these 8 steps as a foundational base to work through the process of match the needs of the employees with the…
Why Private Companies Establish Advisory Boards?
Unlike a formally structured board of directors, an advisory board is a less formal group of outsiders (to the company) that is organized to provide owners and corporate leaders with support, advice and assistance. While Boards of Directors have legally defined responsibilities, control and fiduciary duties; advisory boards have no formal power or binding legal authority, other than what you…