5 Tax Reform Clarifications to Prepare for Starting Now

The implications of the 2017 Tax Reform are coming into focus as proposed regulations have recently been issued. To help business owners effectively plan for 2018 taxes, we’ve narrowed down the top five planning tips that you should review and consider over the next few months. These provisions will require business owners to look at year-end tax planning in a whole new light. While the 2018 tax season may seem far away, it will approach quickly. The more you prepare for these changes now, the better.

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2017 – 2018 Tax Planning Guide

Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning – estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work for you, we’re pleased to present the 2017 – 2018 Tax Planning Guide.

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A 2017 Manufacturing Outlook

Struggling to find and retain tradespeople? Deciding when the timing is right to replace that 30-year-old machine? Noticing that your technology systems are slowing you down rather than making you more efficient? You’re not alone. Our 2017 manufacturing outlook addresses the biggest issues facing manufacturers this year and offers perspective from a firm that’s been working with numerous manufacturing companies for 45 years.

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Family Meeting Best Practices

A family meeting is a gathering of all family members related to the owners of a family-owned or privately held business, regardless of role in the business or the family. Our philosophy is that even entrepreneurs and unrelated business owners have a family business. The business itself is a ‘family asset’. Click here to read if you’d like to learn more about how to have family meetings.

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Intrapreneurship: Sustainability for Your Business

Intrapreneurship embodies risk taking and innovation within an established business. When evaluating the sustainability of any organization, one might revisit the business model and consider new business lines that could resist the numerous tugs experienced in the lifecycle of any business.

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2016 – 2017 Tax Planning Guide

Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning – estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work for you, we’re pleased to present the 2016 – 2017 Tax Planning Guide.

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“It’s Not Fair!” Managing Compensation Among Siblings in a Family Business

“It’s not fair.” When your children are toddlers, this statement hits you like nails on a chalkboard. But when you hear it from your grown children, it can quickly turn from an annoyance to serious family drama. As a family business, attempting to keep children’s compensation fair can be a minefield. Following a few simple compensation-planning strategies helps you maintain peaceful family dynamics while strengthening your business at the same time.

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Exposure to Accounting Decision-Making Builds Wise Next-Gen Leaders

As a family business owner, you are pleased when you walk by a marketing team meeting and see your son suggesting ideas for the new website. You have built a strong, successful business, and you are proud to be able to pass it down to your children someday. Inside this article you will learn seven key ways your business will benefit from including the next generation of business owners in accounting meetings and practices.

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How to Create and Run an Advisory Board that Drives Company Growth

Growing companies often choose to create a board of directors or an advisory board to bring in outside influence and perspective. While the two kinds of boards have similar responsibilities, differences in how the boards are managed influence which type of board should be used. Most companies bringing in outside advisors for the first time start with an advisory board because it is less formal and less constricting.

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