Jun 16, 2021 | Family Businesses, Family Enterprise USA, In The News
Thank you to BNY Mellon Wealth Management for this report. When considering the future sale of a business, there are many steps to consider. You’ve worked hard to get your business where it is today — you owe it to yourself to approach its sale deliberately. If...
Jun 15, 2021 | Family Businesses, Family Enterprise USA, In The News
Thank you to BNY Mellon Wealth Management for this report. Planning ahead for a future business transition and assembling a team of seasoned professionals will help ensure a smooth, successful transfer. If you anticipate transferring your business privately to family...
Jun 15, 2021 | Family Businesses, Family Enterprise USA, In The News
Thank you to BNY Mellon Wealth Management for this report. Managing and mitigating the drag of taxes is a key component of our Active Wealth approach. Here’s a look at how it can unlock value across generations. When it comes to wealth management, planning is...
Jun 15, 2021 | Family Businesses, Family Enterprise USA, In The News, Taxes
Contact Congress Now While the devil is in the details, it is possible that if President Biden’s elimination of step-up in basis proposal is passed by Congress you could be paying an estate tax at 40%, and a capital gains tax at 43.4%. The graphic below shows an...
Jun 8, 2021 | Family Businesses, Family Enterprise USA, In The News, Taxes
Take a Minute and Contact Your Member of Congress Now A significant portion of the burden of repeal of step-up of basis would fall on workers through reduced labor productivity, wages, and employment. Please Take Action Today!!! Family Enterprise USA advocates for...
Jun 5, 2021 | Family Businesses, Family Enterprise USA, In The News, Taxes
Take a Minute and Contact Your Member of Congress Now President Biden has proposed the elimination of the “step up in basis,” while keeping the 40% (or higher) estate tax on the full value of a family business owner’s assets. That means that each person who inherits a...
Jun 3, 2021 | Family Enterprise USA, In The News
IWF is pleased to announce that Pat Soldano, perhaps the most important leader in the country fighting to kill the “death tax,” is the latest entry in our popular series of Champion Women profiles. It’s a good time to be talking to Pat. President Biden has plans...
Jun 2, 2021 | Estate Taxes, Family Businesses, Family Enterprise USA, In The News, Taxes
Contact Your Member Of Congress There are efforts in DC to make the estate tax (death tax) worse; higher than a 40% tax on your business and all your assets! But there is hope; a bill to reduce the rate of tax from 40% to 20% has been introduced in the House HR 3178...
May 28, 2021 | Budget Deficit, Family Enterprise USA, In The News
Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report. The Biden Administration this afternoon released its FY22 Budget Request. The proposal, which is estimated to cost more than $6 trillion, would dramatically expand the size and...
May 27, 2021 | Family Businesses, Family Enterprise USA, In The News, Taxes
While the devil is in the details, it is possible that if President Biden’s elimination of step-up in basis proposal is passed by Congress you could be paying an estate tax at 40%, and a capital gains tax at 43.4%. The graphic below shows an example of a...
