Making your business more valuable.
The IRS recently announced the 2023 dollar limits and thresholds for qualified retirement plans, reflecting the latest cost-of-living adjustments. Here are some relevant amounts to be aware of:Contribution limits for 401(k)s and other defined … [Continue reading]
“Well, it still works, and everyone knows how to use it, but….”Do these words sound familiar? Many businesses stick with their accounting software far too long for these very reasons. What’s important to find out and consider is everything that comes … [Continue reading]
In October, the IRS released the 2023 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits applicable to many popular fringe benefits. Shall we pop open a few? Here are some highlights:Health Flexible Spending Accounts (FSAs). … [Continue reading]
Family-owned businesses face distinctive challenges when it comes to succession planning. For example, it’s important to address the distinction between ownership succession and management succession.When a nonfamily business is sold to a third … [Continue reading]
