Market Conditions (and Risks) We Haven’t Seen in 40 Years Are Making a Comeback
Would you believe us if we told you we haven’t seen this type of investing market in 40 years? As surprising as it may sound, it’s just the reality of what we’re experiencing in our economy today.
Is the Process of Financial Planning More Impactful than the Actual Financial Plan?
The process of making a financial plan can be absolutely transformative. In the process of making a financial plan, I see people change. I see people go from confused and afraid to confident and…
Why Is It Harder to Quit Bad Financial Habits Than Create Good Ones?
Spoiler alert: It has to do with highly caffeinated monkeys. Turns out, our minds are all ruled by tiny “instant gratification” monkeys that steer our rational decision-making brains away from what makes sense and toward what feels good now.
Why Do I Owe Taxes on my RSUs if I Haven’t Sold Them?
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…
New York State PTE Tax Election Deadline March 15, 2022
Last year, NYS provided a tax bill that allows owners of eligible entities to deduct a larger portion of their NY state income tax through their business. This was designed to help offset the SALT tax that…
Are Two Owners Better Than One?
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…
Why It’s Still a Good Time to Double Down on Growth Through Acquisition
Acquisitions, done well, can be a powerful tool to accelerate revenue growth. And pushing for gains is vital in many industries where the rate of growth typically…
How Tax-Savvy Business Owners Reward Themselves and Their Staff at the End of the Year
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…
How To Create a Good Year-End Culture For Your Company
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.
The Benefits of Partnering with Other Advisors vs. Remaining Solo
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…
The Importance of Being Coachable When Running Your Business
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…
How to Manage Investments in a High Capital Gains Environment
After months of anticipation, the House Ways and Means Committee released their amended tax proposal on September 13, 2021. As promised, President Joe Biden is proposing to raise taxes on capital gains…
Year-End Tax Planning for Businesses Ahead of Biden’s Tax Plan
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…
A Year-End Checklist For Business Owners
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…
Is Now a Good Time to Take Advantage of Current Tax Legislation?
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.
Don’t Delay! A Small Business Owner’s Guide To Managing Procrastination
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.
The Hidden Cost Of Doing It All – Part Three
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.
The Hidden Cost Of Doing It All – Part Two
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...
The Hidden Cost Of Doing It All – Part One
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...
Four Ways to Maximize the Relationship with your Accountant
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...