If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save for college and learn how to manage money. And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, Realize payroll[ … ]
Tag: business owners
Five Critical Elements of a Successful Exit Plan
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[ … ]
What To Expect From A Buyer
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[ … ]
Photo by Christina Estes – KJZZ
$10 Minimum Wage Creating Questions As Arizona’s Small Businesses Adjust
A week after the new $10 minimum wage has been in effect for Arizona employees, business owners are still asking questions on what exactly the law entails. Officials say since Proposition 206 was approved by voters, calls have been pouring in every day from businesses with questions on all facets of the law. Arizona’s Industrial[ … ]
