Jul 2, 2021 | Family Businesses, Family Enterprise USA, In The News
Contact Congress Now - It Only Takes a Minute Please Take Action Today!!! Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent...
Jun 28, 2021 | Family Enterprise USA, In The News, Taxes
Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report. Contact Congress Now - It Only Takes a Minute June 25, 2021 The White House and twenty-one bipartisan Senators agree on a $1.2 trillion hard infrastructure framework. President...
Jun 25, 2021 | Estate Taxes, Family Business Stories, Family Enterprise USA, In The News, Taxes, Video Post, Watch & Listen
Contact Congress Now - It Only Takes a Minute Watch and hear the “real story” of how the Biden tax proposals could affect a real family business as David Plimpton, CEO of Inolex, which employs 170 team members, tells us the impact the Biden tax proposals could have on...
Jun 24, 2021 | Estate Taxes, Family Businesses, Family Enterprise USA, In The News, Income Taxes, Taxes
Contact Congress Now President Biden has proposed an elimination of step up in basis and an increase in the capital gains tax; how much will this impact family businesses? See the example below. A $50 million family business could be subject to a $82 million estate...
Jun 23, 2021 | Estate Taxes, Family Businesses, Family Enterprise USA, In The News, Taxes, Video Post, Watch & Listen
Contact 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 business will pay taxes on the...
Jun 20, 2021 | Family Businesses, Family Enterprise USA, In The News
Register Now Family Business Matters; Research, Data and Issues Facing Family Businesses in 2021 Family Businesses employ 59% of all workers in the US and generate 54% of GDP, (“2021 Contribution of Family Businesses to the US Economy”; Piper and Astrachan by FEUSA),...
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...
