It is common to think about which method a business valuation professional will use and whether discounts might apply when considering how the value of an asset will be determined. However, the valuation’s effective date is a critical factor that may not immediately come to mind. What’s the Big Deal? One of the main reasons an…
News
Bankruptcy Law Changes: Silver Lining in Dark Cloud
Are you optimistic about the future of your small business? The National Federation of Independent Business (NFIB) reported in April 2022, that the number of businesses expecting brighter days ahead has dropped to its lowest level in almost half a century. Inflation is the main driving force. Thousands of small businesses have closed or reorganized their…
Estate Tax Planning Tips for Married Couples
For married people with large estates, the Tax Cuts and Jobs Act (TCJA) brings welcome relief from federal estate and gift taxes, as well as the generation-skipping transfer (GST) tax. Here’s what you need to know and how to take advantage of the favorable changes. Estate and Gift Tax Basics The TCJA sets the unified federal…