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SMALL BUSINESS TAX BENEFITS OF LONG-TERM CARE INSURANCE
Every year, the Internal Revenue Service (IRS) announces tax-deduction schedules for long-term care insurance. It’s no secret that long-term care services and support for the aging are expensive and the stress placed on loved ones is high. Due to the potential inevitability of this happening, individuals in their 5 [...]
Every year, the Internal Revenue Service (IRS) announces tax-deduction schedules for long-term care insurance. It’s no secret that long-term care services and support for the aging are expensive a [...]
Do You or Someone You Know Depend on a “Key Person?” — Why Key Person Insurance is So Important
Key person insurance is a life insurance or disability policy owned by a business on a key employee. The business pays the premiums and is the beneficiary of the policy. This type of insurance can give a small business options when a key employee suddenly passes away or becomes disabled.
If you are a part of a sma [...]
Key person insurance is a life insurance or disability policy owned by a business on a key employee. The business pays the premiums and is the beneficiary of the policy. This type of insurance can gi [...]
NOW’S THE TIME TO PLAN YOUR BUSINESS EXIT STRATEGY
Did you know that only 33% of businesses are ever successfully sold, and only 30% of all family businesses survive the transition from one generation to the next?
Considering that typically the business itself represents 50-90% of a typical business owner's net worth, those statistics are staggering.
Turning the [...]
Did you know that only 33% of businesses are ever successfully sold, and only 30% of all family businesses survive the transition from one generation to the next?
Considering that typically the bus [...]




