Is business valuation an art or a science? Years ago, this question was put to a panel of business valuation experts at a training session, and predictably there was no consensus. One noted expert said business valuation was more of a science, but he also acknowledged that it had some aspects of art as well. Another panel…

Many small business owners are looking forward to the end of 2020. It’s been a year of significant hardship and stress. But staying afloat remains a daunting challenge in 2021. Here are 16 ideas to help reduce costs without sacrificing quality in the new year. 1. Encourage remote work. Remote working arrangements may have been precipitated by…

Avoiding ProbateFor those with significant assets, a fundamental estate planning goal is to avoid probate, if possible. Probate is the court-supervised process of: – Identifying and valuing the assets of your estate, – Paying off the estate’s debts (including any federal estate tax, state death tax, and unpaid federal and state income taxes), and –…