This weekend’s news coverage and social media scroll were dominated by reports of the awful things happening in Israel right now. It’s pretty difficult to swallow the images of violence and abuse being perpetrated by Hamas. And no matter how many times you hear about these kinds of things, it never gets easier. But even with difficult things like this, be mindful of letting your thoughts and feelings be dominated… Read More
Selling Your Multi Million Dollar Business? Worry About The Taxes Not The Sale Price!
If you started out investing 100K into your business and can now sell it for 10 million, it’s time to strategize about how to keep more of that 9.9 million dollar profit from Uncle Sam. Section 1202 allows small business owners to exclude at least 50% of the gain recognized on the sale or exchange of qualified small business stock (QSBS) held for five years or longer with the gain limited… Read More
I Don’t Want To Pay Capital Gains Tax When I Sell My Business!
You’ve worked hard during the last few decades building and maintaining your business, and now it’s time to sell it off, relax and enjoy the fruits of your labors. You don’t want those years of work going up in smoke through long term capital gains taxes on the sale, though. What’s a business owner to do? You will be subject to a capital gains tax rate of, currently, 0%, 15%… Read More
Steps For Prioritizing Profit In Your Atlanta Small Business
Profit is the lifeblood of any organization. Show me a small business with PROFIT at its center, and I’ll show you something worth modeling yourself after. An organization NOT to model yourself after: the federal government. They prefer to operate in deficit mode, narrowly avoiding yet another shutdown this weekend with a temporary funding bill that expires around Thanksgiving. So stay tuned for more drama on that front. Meanwhile, I’d like… Read More
Alternative Approaches To Paid Time Off Policy for Atlanta Businesses
October is right around the corner. So is the October 15th extension deadline. And so is the fourth quarter for your Atlanta business. As we approach Q4, be mindful of the usual year-end accounting needs and reporting requirements that will be popping up. We’ll keep you informed of changes coming, but please do reach out proactively to begin preparing if you haven’t already:https://calendly.com/d/46r-49m-93k/10-minute-intro-call And with the start of a new… Read More
How High Net Worth Individuals Can Improve Their Tax Strategies
The tax code is constantly changing and updating, which means there are always new tax-saving opportunities for High Net Worth individuals. Charitable Giving: Donating to qualified charities can reduce the amount of your taxable income, thus lowering your tax liability. Tax-advantaged accounts such as 401(k)s, IRAs, and Health Savings Accounts. These accounts allow you to save money for retirement or healthcare expenses while also reducing your taxable income. Investing in… Read More