Tax Consequences of Offering Innovative Benefits

Although some companies that sent workers home during the pandemic have returned them to the office, many businesses continue to rely on remote workers. At the same time, companies in a range of industries are struggling to find and keep employees. This unusual...

A Direct Way to Save Time and Money

When you hear the term “direct deposit,” you may think about payroll but that is not the only way businesses can use this time and money-saving service. What about the checks you write for expense reimbursements or commissions? If you operate a...

How Elements of Control Affect Value

We’ve all heard the phrase that the “whole is greater than the sum of its parts.” But you might not know that the same theory can apply in the valuation of interests in a business. Control is Valuable When a publicly traded business is acquired in...

Consider a New Approach to Meeting Your Business Real Estate Needs

Where your business is located, and how you use the commercial space that you have, can mean the difference between thriving and just limping along — or worse. That fact was brought home for many business owners during the COVID-19 pandemic, when lease payments became...

Joint Ownership: Estate Planning Do or Don’t?

Estate planners often tout the virtues of owning property jointly — and with good reason. Joint ownership generally offers several advantages for surviving family members. But this shouldn’t be viewed as a panacea for every estate planning concern. You must also...

Using Business Value as a Benchmark

The ultimate indicator of how well a company and its management are performing is how much the company is worth. Any performance measurement or benchmarking system should include fair market value as one of its primary metrics. With public companies, it’s easy...

SERPs: Pros and Cons for Employers and Executives

If your company offers employees a qualified retirement plan, it’s probably a 401(k). But this popular option isn’t the only game in town. You may want to offer an additional retirement savings vehicle — such as a supplementary executive retirement plan...

The ABCs of Business Valuation

You may understand some of the theory behind business valuation, but you probably don’t know the procedures involved in the analysis and preparation of a report. Clients and attorneys who understand how the valuation process works can anticipate their...