News & Updates
Family Business News, Issues, Annoucements, Webinars, Updates, & More
Successful Business Transitions Start With Early Planning
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...
Tax Efficiency: Effective Strategies for the Long Term
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...
CAUTION: Elimination of Step Up in Basis Could Destroy Your Business!
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 business...
Job Loss Example Due to Repeal of Step-Up Of Basis
A significant portion of the burden of repeal of step-up of basis would fall on workers through reduced labor productivity, wages, and employment. Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and...
Economic Impact from Repeal of Step-up in Basis
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 same appreciation over...
Champion Women Profiles: Pat Soldano
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 to...