Category: Business Planning
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In today’s competitive business environment, attracting and retaining top executives is a challenge. High performing executives expect competitive compensation packages that go beyond traditional salaries and 401(k) plans. One of the most powerful yet underutilized strategies for rewarding key employees is the Executive Bonus Plan under IRS Section 162. While structuring an executive bonus plan…
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If you’re selling an asset or your business with significant appreciation, you might be concerned about the capital gains taxes you’ll owe. One effective strategy to reduce your immediate tax burden while still securing a profitable deal is an installment sale. This method allows you to spread out your taxable income over time instead of…
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Financial planning is the cornerstone of long-term wealth building and security. Whether you’re just starting your financial journey or are a seasoned investor, having a comprehensive financial checklist ensures that all areas of your financial life are well-managed. From estate planning to taxes, each component plays a pivotal role in your overall financial health. This…
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For many business owners, building a successful enterprise involves not only driving growth but also planning for the future exit. Choosing the right exit strategy is critical. You only have one chance to get this right. This one decision will effect your financial outcome and the legacy of the business. Here’s a detailed look at…
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A Buy-sell agreements are legally binding contracts that outline how the ownership of a business will be transferred in the event of certain triggering events, such as the death, disability, retirement, or departure of an owner. It is commonly used by businesses with multiple owners, such as partnerships, corporations, or LLCs, to ensure a smooth…