According to the American Institute of CPAs, 75 percent of today’s CPAs will be retiring in the next 15 years. Will yours be one of them? If so, what do you know about their succession plans? Should you care? Here’s why you should.

For several years the financial advisory industry has trended toward the creation of ensemble practices. This is primarily due to the increasing complexity of properly servicing wealthy clients and the need for more specialization. The travel…

For anyone with ambitions of life-changing personal or business growth, that begs the question of whether you have taken inventory of the people around you to understand if they are lifting you up or keeping you down. As you survey the contact list of your inner circle, are there…

The true value of your accounting team is the guidance they can provide throughout the year to help you maximize your profits and your personal income. To get the most value out of your accounting team, it’s crucial to check in several times a year..

Many business owners dedicate their working lives to turning their vision into a profitable enterprise with the expectation it will become the ultimate source of their wealth. When they’re ready to hang up their boots, they can simply sell the…

If your bank offers investment products and advice, it seems natural to want to avail yourself of them. After all, it’s where you have your checking and savings account and your mortgage, so why…

Choosing the right financial advisory team is one of the most important decisions you’ll ever make—especially for those with big life goals (and eventually retirement) in their sights. But putting your financial future in someone else’s hands isn’t…

Restricted Stock Units (RSUs) are a form of equity compensation that give you ownership in the company you work for, either to augment a base salary or as a bonus. Unlike regular stock options, which require putting money down to exercise…

They say two heads are better than one, but also warn about having too many cooks in the kitchen. There are distinct tax and financial benefits to forming a partnership—such as a greater borrowing capacity and simplified taxation—but what are the non-financial advantages that…

Getting gifts and bonuses is great—until someone reaches their hand into your paycheck and pulls a whole bunch of it out (ahem—the IRS)! This sounds unfair but is often what happens with supplemental…

Company culture is a big topic these days, especially thanks to the pandemic. People are quitting jobs at record rates and others are demanding a more flexible work schedule and better benefits. Let’s just say, the game has certainly changed.

Unquestionably the advisory landscape is undergoing a tremendous transformation that seems to be accelerating at the same pace as the movement of client assets. Independent financial advisors are competing within their own space as…

A business owner who is not coachable will never reach the peak of their potential.
No matter what type of business you run or own, it is crucial to be open to new ideas and information. It goes without saying, if you are unwilling to adopt…

Year-end tax planning has always been critical for businesses, but it’s even more essential in a year when prior tax legislation may be giving way to new tax legislation. Alone, the proposed Biden tax changes are enough to turn business…

The summer has come and gone, and the end of 2021 is rapidly approaching. For many business owners, Q4 is one of the busiest times of the year.

The COVID-19 Pandemic has posed a whole new set of challenges for many…

The opportunity to tax-efficiently transfer wealth to the next generation and beyond is rare. Given the dwindling timeline (end of 2021!) associated with the estate and gift tax exemption, it’s crucial to reach out to your advisors now.

Most business owners know that to be productive and efficient, you have to implement manageable processes.
If you’re overworked and overwhelmed as a business owner, distraction and procrastination are bound to set in.

Key learnings from profitable businesses despite a global pandemic. In the first two installments of our blog series, The Hidden Cost of Doing it All, we highlighted some of the proactive ways savvy entrepreneurs have built better businesses. To round out this series, we’ll take a look at how some of our clients have applied these practices to grow their businesses.

How the 1% Rule Can Transform Your Business In the first installment of our blog series, The Hidden Cost of Doing it All, we established how important it is for business owners to know when to call on the experts for support. The practice of delegation is the easiest...

How Doing This One Thing Can Help You Build a Better Business You learn a lot about business (and life!) when your parents are entrepreneurs. Hard work, determination, and grit are an everyday way of life, and you realize that running your own business is not for the...

Is your accountant an expense or an investment? A major contributor to the growth of your business or personal finances depends on having an experienced and trustworthy accountant in your corner. The reality is, however, the relationship you have with your accountant...