Opportunity Zone Fund Update
The landscape for Qualified Opportunity Zone funds continues to develop and show promise. While favorable taxation should never trump underlying investment merits, this strikes us at Beacon Hill as one of the most promising arrows in our quiver for maximizing a selling business owner’s after tax returns. Rigid Requirements Create Potential Pitfalls The first set …
Read moreBusiness Owners: What’s Your Plan for Retirement?
Business owners often put their heart, soul, and nearly all of their money into their business. When it comes to retirement planning, business owners should not rely on selling their business as their only means of a nest egg for retirement. Many things can happen along the way, an owner may become ill and have …
Read moreYear-End Review
December and January are the perfect months to look back at what you earned, saved, and spent, as W-2s, account statements, and other year-end financial summaries roll in. If you don’t know how you used your money during the past year, it’s time to find out. How much have you saved? If you resolved last …
Read moreOpportunity Zones
One reason I love my job is that I get to carve out a slice for “Nerd Out” time. This is time spent reading research, crunching numbers on my own, and thinking of tax strategies, amongst other things. Nerd Out time is not only my way of relaxing and keeping mentally curious, it helps me …
Read moreJ.D. Flaherty, CEO of Construction Systems Inc., Shares His Employee Stock Ownership Plan Experience
A small number of business owners choose to use an Employee Stock Ownership Plan (“ESOP”) as part of their succession plan. Due to its very specific benefits and drawbacks, an ESOP works with business owners that have the following characteristics: Values the legacy of the business and the welfare of the employees as much as …
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