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So far PBGW has created 18 blog entries.

Achieving Your Succession and Estate Planning Goals via Recapitalization

Like many business owners, you probably have much of your wealth tied up in your company. And this fact may be creating a conflict between the desire to transfer ownership to the next generation and the desire to stay in control. One potential solution: Recapitalize your business into voting and nonvoting shares. From an estate [...]

By |2016-01-10T23:15:47-05:00January 10th, 2016|Blog|Comments Off on Achieving Your Succession and Estate Planning Goals via Recapitalization

You’ll Get More From Your Business Data If You Benchmark

You probably track a variety of data to determine where your business stands. Monitoring both financial and nonfinancial key performance indicators (KPIs) — such as debt to equity ratio and customer service response times — can help you spot problems and set objectives. But a great way to take your business data one step further [...]

By |2016-01-10T23:04:07-05:00January 10th, 2016|Blog|Comments Off on You’ll Get More From Your Business Data If You Benchmark

You Still Have Time to Set up Your 2015 Retirement Plan

As a business owner, you shoulder many responsibilities — but have some perks as well. One benefit worth considering is setting up your own retirement plan that allows you to make larger contributions than you could as an employee. For example, the maximum 2015 employee contribution to a 401(k) plan is $18,000 — $24,000 if [...]

By |2015-12-17T11:41:17-05:00December 17th, 2015|Blog|Comments Off on You Still Have Time to Set up Your 2015 Retirement Plan

Are You Overwhelmed by the Concept of Risk Management?

When you start envisioning all of the potential threats to your company, it’s easy to get overwhelmed. A good way to get a handle on risk management is to break down the overall task into focus areas. Examples include: Competitive risk. Identify your top three to five competitors. Then devise the strategy it will take [...]

By |2015-12-09T14:59:16-05:00December 9th, 2015|Blog|Comments Off on Are You Overwhelmed by the Concept of Risk Management?

Can your Business Plan Predict the Future?

When you started your business, or otherwise assumed ownership of it, you more than likely created a business plan. This critical document provides management, investors and lenders with an overview of the company’s game plan as well as an assessment of current operations. Complete plans traditionally include six components: Executive summary, Business description, Industry and [...]

By |2015-12-04T11:02:23-05:00December 4th, 2015|Blog|Comments Off on Can your Business Plan Predict the Future?

Don’t Underestimate the Tax Impact of an Acquisition

If your company wants to acquire another business, you’ll need to anticipate many challenges. To improve your odds of success, it’s important to devote resources to intensive tax planning before — and after — your deal closes. During deal negotiations, you and the seller will likely discuss issues such as to what extent each party [...]

By |2015-12-04T10:32:12-05:00December 4th, 2015|Blog|Comments Off on Don’t Underestimate the Tax Impact of an Acquisition

Why Should we Bother with 401(k) Plan Auto-Enrollment?

Many employers with long-established 401(k) plans hesitate to add automatic enrollment. (Under an “auto-enroll” feature, eligible participants automatically join the plan unless they affirmatively elect otherwise.) Employers’ hesitation may arise from unfamiliarity or just a reluctance to rock the boat. Yet there are several good reasons to “bother” with auto-enroll: Broader participation. First and foremost, [...]

By |2015-12-02T17:30:15-05:00December 2nd, 2015|Blog|Comments Off on Why Should we Bother with 401(k) Plan Auto-Enrollment?

Getting Everyone to Buy into your Succession Plan

It’s easy to fall into the trap of thinking about a succession plan as being about only two people: you and your successor. But a truly graceful passing of the baton to the next leader hinges on total staff buy-in — or, at least, acceptance. Getting managers and key employees involved in the planning can [...]

By |2015-12-02T17:24:53-05:00December 2nd, 2015|Blog|Comments Off on Getting Everyone to Buy into your Succession Plan

Depreciation Tax Breaks Aren’t What They Used to be — Yet

Year-end tax planning for businesses often focuses on acquiring equipment, machinery, vehicles or other qualifying assets to take advantage of enhanced depreciation tax breaks. Unfortunately, two “classic” depreciation breaks expired on December 31, 2014: 1. Enhanced Section 179 expensing election. Before 2015, Sec. 179 permitted companies to immediately deduct, rather than depreciate, up to $500,000 [...]

By |2015-12-02T17:19:51-05:00December 2nd, 2015|Blog|Comments Off on Depreciation Tax Breaks Aren’t What They Used to be — Yet

Win Over Millennials with the Right Management Approach

Skilled workers are invaluable and often difficult to find. Increasingly, well-qualified job candidates in today’s workforce are “Millennials” — that is, between the ages of 18 and 35. As you welcome this generation into your organization, you’ll get more out of them with the right management approach. Winning moves include: Plenty of feedback. Generally, Millennials [...]

By |2015-12-02T14:51:56-05:00December 2nd, 2015|Blog|Comments Off on Win Over Millennials with the Right Management Approach