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Archives for April 2021

The Proposed Tax Hike’s Effect on Families: Even Those Not Considered “Rich”

April 30, 2021 by Nick Magone, CPA, CGMA, CFP®

President Joe Biden’s address earlier this week confirmed many of the plans that were being laid out in the preceding months; specifically, as they relate to real estate, capital gains and estate taxes. Although the proposals have a long way to go before becoming law, a Democratic majority in the House and a tie-breaking vote […]

Filed Under: Business Taxes, Finances, Tax Tips for Individuals

Moving Up to Your Company’s C-suite? Here Are Some Tips for Success

April 30, 2021 by Nick Magone, CPA, CGMA, CFP®

C-suite positions usually come with big paychecks and plenty of perks, but these benefits are frequently accompanied by huge accountability, mammoth stress and seemingly impossible time constraints. To quote the Harvard Business Review: “…the skills that help you climb to the top won’t suffice once you get there.” How can you prepare to manage your new […]

Filed Under: CFO Roundup, Company Culture

Family Businesses: What it Takes to Keep Them Strong and Sustainable

April 16, 2021 by Nick Magone, CPA, CGMA, CFP®

Like their public counterparts, nearly all family business leaders are concerned about short-term revenue loss and cash flow these days. However, recent research shows they’re feeling confident about weathering the storm in the long term. Family businesses, by definition, are survivors, according to Professor José Liberti of Northwestern University’s Kellogg School of Management. “If you start […]

Filed Under: Company Culture, Small Business

Self-Employed? Here’s What You Need to Know About Taxes

April 2, 2021 by Nick Magone, CPA, CGMA, CFP®

The gig economy is booming. The COVID-19 pandemic has created a demand and an opportunity for workers to profit off their skillsets outside from traditional employment. In fact, country music star Dolly Parton even updated her classic hit “9 to 5” to speak to the growing number of entrepreneurs who are getting their side hustle […]

Filed Under: Business Taxes, Small Business, Tax Tips for Individuals

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