Target Departure Date You simply cannot create a roadmap for your successful exit without a stated departure date. We suggest that you set that date by asking yourself questions designed to help you establish a time frame for your departure. You can design your own departure in terms of when it occurs and how your[…]
Full disclosure: Wealth preservation planning can’t help any of us cheat death, but it can help business owners to avoid taxes and achieve financial security. Read on. The ideal Exit Plan (one that provides the business exit you desire) includes a strategy to help you preserve your hard-earned wealth from unnecessary taxation when it is[…]
Assume that all business owners (except for those forced to liquidate) will eventually sell or transfer their companies, we often focus on what it takes to be a well-prepared seller. Setting exit objectives, planning to minimize the income taxes on the ownership transfer, building business value and selecting a skilled Team of Advisors are some[…]
On November 8, 2016, Proposition 206: The Fair Wages and Healthy Families Act passed, receiving nearly 60% of votes. There are two parts to Prop 206; the first is a minimum wage increase, and the second is mandatory employer-provided sick leave. Minimum Wage Increase On January 1, Arizona’s minimum wage increased to $10.00 an hour,[…]
One of the most (if not the most) important indicators of business health is its cash flow. Even if your business is profitable and growing, if you don’t have a consistent stream of cash coming in, you’ll run into financial trouble. Lack of cash flow is the primary reason that more than one quarter of[…]
Take part in the American Heart Association’s National Eating Healthy day! Today, you are encouraged to commit to healthier eating. An easy way to start is by getting your daily recommended servings of fruits & veggies.
Under a proposed new rule, roughly 25% of all exempt employees in the country could be rendered nonexempt and eligible for overtime pay. Employers need to start preparing for these changes now. Employee Benefit News has the latest…
Conducting performance evaluations is an integral part of a staff member’s professional development and helps to define a company’s culture of communication and learning. When preparing to provide performance evaluations, it’s important to have a plan that ensures evaluations are provided in a respectful manner that allows staff members to learn which parts of their[…]