Succession Planning Articles
Beyond Accounting and Tax Services for Family-Owned Businesses… What Family-Owned Business Really Need
Posted by Cheryl A. Jankowski on April 17, 2023
Succession and tax planning are essential for family-owned businesses to successfully transition their businesses to the next generation. We took part in a family business panel that shares strategies for success including managing expectation of the transition of power between the generations.
Posted by Cheryl A. Jankowski on April 14, 2023
The Internal Revenue Service (IRS) recently released Rev. Rul. 2023-2, which has significant implications for high-net worth individuals who have created an irrevocable grantor trust. The ruling clarifies that any assets which are not included in the grantor's gross estate, as per the trust's terms, will not receive a basis adjustment under Internal Revenue Code Section 1014.
Posted by Robert Ingrasci on April 12, 2023
The variables are many when determining whether you can move your trust to another state.
Posted by Isabella Newman on April 06, 2023
Do your loved ones a favor by creating a “road map” to your estate plan.
Posted by Jonathan Roller on August 23, 2022
There are many tax-related variables when it comes to selling your manufacturing company. Read more about them.