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How to Build a Business That Runs Without You (and Why Buyers Pay More for It)
Learn how to build a business that runs without you, increase valuation and align business strategy with financial management for long-term wealth.
Your Business Is Growing — Is Your Retirement?
This week’s insight sheds light on the retirement savings boom among small business owners. It’s no secret that America boasts an enduring entrepreneurial spirit. Six years removed from perhaps the biggest financial risk-taking spark in modern history, the number of new business applications continues running hot. There are intended and unintended consequences. One such positive byproduct is the outright financial explosion in corporate retirement plans.
The Early Retirement Dilemma: Planning, Risks, and Smart Moves
This week’s insight looks at early retirement. More Americans than ever are mulling it over, but there are important planning activities to perform—lifestyle & financial—and risks to weigh.Morningstar reports a record number of 401(k) millionaires—500,000+ as of the end of 2024. That presents a happy conundrum for folks in their 50s: keep grinding or call it quits? Of course, traditional retirement age is 65. You can take Social Security as early as 62, and for those with seven-figure workplace retirement accounts, 55 may be the age in focus.
Creating a Business Continuity Plan: A Crucial Step in Small Business Financial Planning
Risk management is key to your company’s long-run viabilityA Business Continuity Plan (BCP) prepares for all sorts of risks with a focus on protecting a business’s valueJust like with a personal financial plan, a BCP eyes long-term success and risk management strategies to put in place todayWe talk a lot about the long game in our blog. Indeed, small businesses need to plan for the years and decades ahead when it comes to areas like taxes, exits, and your retirement.
Confidence in Tax Rates: New Retirement Plan Contributions Limits for 2025
This week’s insight looks at the new retirement plan contribution limits for 2025 and why you should have a bit more confidence about where tax rates may go.
Your 2024 Tax Checklist: 8 Moves Small Business Owners Can Make Before Year-End
Proactive tax planning is essential for small business owners looking to reduce their long-term tax obligations Big changes could be on the way at the end of 2025, so getting ready today is prudent From maximizing retirement contributions to adjusting your business structure, many strategies are available to manage your tax situation Don’t wait until the last minute to do your Christmas shopping.