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Blog Posts in January, 2021

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  • Why Business Owners Don't Plan for Succession ... and Why it's Critical
    Why Business Owners Don't Plan for Succession ... and Why it's Critical

    Many business owners procrastinate putting a well-conceived succession plan in place. The reasons are understandable. It can be difficult to plan for your replacement and deal with your mortality. ...

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  • Closing Your Corporation or Pass-Through Entity? Manage the Tax Implications
    Closing Your Corporation or Pass-Through Entity? Manage the Tax Implications

    Economic fallout from the COVID-19 pandemic has sadly forced some small businesses to permanently close. This situation has important federal tax implications. Here's what individual taxpayers who are ...

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  • The Tax Implications of Closing a Schedule C Business
    The Tax Implications of Closing a Schedule C Business

    Unfortunately, many businesses have already been forced to close their doors due to the economic fallout from COVID-19, and more will surely follow. Closing a business has important federal income tax ...

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