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  • Why Democrats and Republicans Differ on Taxes - And Why They're Both Only Partially Correct

    While Democrats and Republicans rarely agree on anything, it’s no secret that tax policy and handling of economic issues are always a major point of contention. Historically, Democratic candidates have favored higher taxes, while Republican candidates typically favor lower taxes. Here’s why:The rationale behind these taxation strategies is simple, but it isn’t always straightforward.   Continue Reading

  • What's Your Business Worth, and Is Fair Market Value Really Fair?

    How can you get the most for your business when you’re ready to sell?  When a business is valued with a formal appraisal, the objective is usually to determine fair market value.  But what is fair market value, and how does that differ from a final selling price?What Fair Market Value Really is…and isn’tFair market value is loosely defined as “the price at which property would change hands between a hypothetical willing and able buyer and a hypothetical willing and able seller, acting ...  Continue Reading

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    Would Your Business Survive Without You?

    As Benjamin Franklin put it, “there are two certainties in life, death and taxes.”  For business owners, a third certainty is thrown into the mix – the eventual exit from your business.  Whether this is by choice at retirement or by force as a result of unforeseen circumstances, a formal exit from the business will eventually take place.  The real choice is whether or not you plan for it.   Continue Reading

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