Whether your business is the law, or a business with accounting or asset protection needs, our business has been “Solving clients’ problems" since 1977.

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Deduct 'Unreasonable' Expenses? Yes, You Can!

  • 26 August 2014
  • Author: Cari Holbrook
  • Number of views: 3263
  • 0 Comments
Deduct 'Unreasonable' Expenses?  Yes, You Can!

Jerry is a business valuation specialist being brought in as an expert witness on a case in federal court. As a busy owner of an S Corporation, he’s decided to fly by private jet to his court appearance so that he can eliminate the time and hassle of a commercial flight. Can Jerry deduct this elaborate expense? 

Golden Handcuffs, Part 4: Can a Family Business Thrive With Only Passive Heirs?

  • 12 August 2014
  • Author: Cari Holbrook
  • Number of views: 3023
  • 0 Comments
Golden Handcuffs, Part 4:  Can a Family Business Thrive With Only Passive Heirs?

Welcome to Part 4 of our blog series on “Golden Handcuffs: Passing Down the Business to Heirs.” Over the past few months, we’ve discussed ways to pass down your family business to your heirs. Some heirs may be active in the business, others may be passive; this scenario holds many challenges. In this post, we look at ways you can meet these challenges.

Golden Handcuffs, Part 3: Can an Active Heir Buy Out a Passive Heir?

  • 22 July 2014
  • Author: Cari Holbrook
  • Number of views: 3161
  • 0 Comments
Golden Handcuffs, Part 3:  Can an Active Heir Buy Out a Passive Heir?
Welcome to Part 3 of our blog series on “Golden Handcuffs: Passing Down the Business to Heirs.” Over the past few months, we’ve discussed ways to pass down your family business to your heirs. Some heirs may be active in the business, others may be passive; this scenario holds many challenges.

Golden Handcuffs, Part 2: Do Passive Heirs Deserve a Cut of a New-But-Related Business?

  • 10 June 2014
  • Author: Cari Holbrook
  • Number of views: 2561
  • 0 Comments
Golden Handcuffs, Part 2:  Do Passive Heirs Deserve a Cut of a New-But-Related Business?

Welcome to Part 2 of our blog series on “Golden Handcuffs: Passing Down the Business to Heirs.” Over the next few months, we’ll discuss ways to pass down your family business to your heirs. Some heirs may be active in the business, others may be passive; this scenario holds many challenges. In this post, we look at ways you can answer the question:  Do Passive Heirs Deserve a Cut of a New-But-Related Business?

Golden Handcuffs, Part 1: Should an Active Heir Receive a Bigger Piece of the Pie?

  • 27 May 2014
  • Author: Cari Holbrook
  • Number of views: 3287
  • 0 Comments
Golden Handcuffs, Part 1:  Should an Active Heir Receive a Bigger Piece of the Pie?
Welcome to Part 1 of our blog series on “Golden Handcuffs: Passing Down the Business to Heirs.” Over the next few months, we’ll discuss ways to pass down your family business to your heirs. Some heirs may be active in the business, others may be passive; this scenario holds many challenges.

Beware the Passive Income Tax Trap

  • 25 March 2014
  • Author: Cari Holbrook
  • Number of views: 2487
  • 0 Comments
Beware the Passive Income Tax Trap

Business owners with high investment income: beware. You may owe significantly more in taxes for 2013 than in recent years. This is due to a number of new and returning taxes as well as a phase-out of deductions and personal exemptions beginning for married joint filers at a total income of $250,000 and increased tax rates from 35 percent to 39.6 percent at $450,000 for married joint filers. It is the final death toll of the Bush tax-cut era: One with potentially extreme consequences.

How Much Is Your Business Really Worth?

  • 25 February 2014
  • Author: Cari Holbrook
  • Number of views: 3631
  • 0 Comments
How Much Is Your Business Really Worth?

While it may seem like it now, you won’t be running your business for all eternity. At some point, you’ll likely retire from or sell your company. To that end, you’ll need an exit strategy. When clients come to us without clear exit strategies, we often find that the hardest component for them to master is valuing what their businesses are really worth. Too often, the true value of the business is grossly miscalculated, considered too late, or both.

Simple 401(k): A Win-Win for You and Your Employees

  • 28 January 2014
  • Author: Cari Holbrook
  • Number of views: 3252
  • 0 Comments
Simple 401(k):  A Win-Win for You and Your Employees

Business owners know that running a successful business is largely dependent on retaining motivated employees. While larger corporations offer perks like health and retirement plans, as a small business you may assume you can’t afford such benefits. So it may surprise you to know that a SIMPLE 401(k) plan is not only a great incentive for your employees, but can actually save you money in other areas.  Here’s what you need to know:

Your Spouse as an Employee: The Hidden Tax Savings in Health Coverage

  • 14 January 2014
  • Author: Cari Holbrook
  • Number of views: 2836
  • 0 Comments
Your Spouse as an Employee:  The Hidden Tax Savings in Health Coverage

As a sole proprietor, health care expenses for you and your dependents are not deductible as a business expense. However, if you’re like many of our clients, your spouse may be performing a fair amount of heavy lifting to keep your business running smoothly. If that’s the case, you may be able to realize the tax advantages of a medical reimbursement plan by employing your spouse.

Family SUCCESSion Planning: Four Careful Considerations

  • 17 December 2013
  • Author: Cari Holbrook
  • Number of views: 4364
  • 0 Comments
Family SUCCESSion Planning: Four Careful Considerations

We asked San Antonio business consultant John Dini, one of the nation’s leading experts on business ownership and exit planning, for his advice on handing down the family business. As the author of Hunting in a Farmer’s World, Beating the Boomer Bust and 11 Things You Absolutely Need to Know About Selling Your Business , Dini literally “wrote the book” on succession planning. He recommends that Baby Boomers and other business owners with an eye on retirement carefully consider the following questions.

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