Sep 8, 2020 | Family Businesses, FEUSA, Taxes
The Corporate Transparency Act will create significant privacy concerns for families, family business and family offices. Specifically, this bill: Requires corporations and limited liability companies disclose their true, beneficial owners to FinCEN at the time the...
Sep 7, 2020 | Family Businesses, FEUSA, In The News, Taxes
During an Internal Revenue Service monthly payroll teleconference today, Kelly Morrison-Lee, an agency attorney, confirmed that the payroll tax deferral is optional at the discretion of the employer. This confirms that employers, not employees, have the choice of...
Sep 2, 2020 | COVID-19, Family Businesses, FEUSA
The Bechtel Group Foundation will donate $3 million to communities across the world coping with the coronavirus pandemic, in partnership with the crowdfunding nonprofit GlobalGiving. The newly established Bechtel COVID-19 Relief Fund will support local nonprofit...
Aug 30, 2020 | COVID-19, Family Businesses, FEUSA
Tyson Foods is launching weekly on-site coronavirus testing for employees at all 140 of its U.S. production facilities, making it one of the first major American employers to commit to such regular and expansive testing of its workforce. The food conglomerate behind...
Aug 24, 2020 | COVID-19, Family Businesses, FEUSA
As General Motors and other companies push to make ventilators to help COVID-19 patients streaming into U.S. hospitals, the Lee Company of Westbrook, Conn., has adjusted its systems to join the effort. The family company, founded in 1948, makes miniature hydraulic...
Aug 22, 2020 | COVID-19, Family Businesses, FEUSA
It’s a good time to be in the e-commerce business – but not exactly an easy time. “We didn’t think a global pandemic would be good for e-commerce, but it’s been fantastic for our business,” said Eric Weisser, senior vice president and majority owner of Weisser...
Aug 15, 2020 | FEUSA, In The News, Taxes
On Saturday, Aug. 8, 2020, President Donald Trump signed four executive orders (EO) to defer payroll taxes, set up an assistance program for lost wages to supplement unemployment benefits, extend the federal moratorium on evictions and defer student loan payments....
Aug 12, 2020 | Family Business Survey, FEUSA, In The News
Pat Soldano was recently interviewed on the Exit Coach Radio Show with Bill Black, the show for business owners who are contemplating their future business Succession, Exit and Transition. Pat & Bill talked about the recent Family Enterprise USA 2020 Annual Family...
Aug 5, 2020 | FEUSA, In The News
Lex Saturno Fourth Generation Mckee Foods; McKee Foods (makers of Little Debbie, Drakes and Sunbelt Bakery) and David Plimpton, Chairman, CEO and President of Inolex, joins the Board of Directors of Family Enterprise USA “Our Board of Directors is comprised of a...
Aug 5, 2020 | COVID-19, FEUSA, In The News
The July 27, 2020, Senate draft of the Health, Economic Assistance, Liability Protection and Schools (“HEALS”) Act provides a tax credit for employers who incur certain expenses in response to COVID-19. Referred to as the Safe and Healthy Workplace Tax Credit...
