Like most jobs, my work requires a little bit of travel every year. Since we moved down to Sacramento from Portland, I head back up to Oregon 2-3 times per year to see clients. I also attend…
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What I Learned at Fincon19
6 Reasons Basic Estate Planning is So Important for Business Owners
In general I am not a fan of “listicles”. They feel like a cheap, click-baity, headline grabbing way to produce content and drive traffic to your website. Reading them can feel…yucky. So I typically try…
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How Long Is Your Runway? Establishing a Cash Reserve When Starting a Business
Starting a business involves a great deal of risk. You’ve probably run across this statistic from the small business administration before: 30% of new businesses fail in the first 12 months of operations. 50% fail…
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A Beginner’s Guide to Cash Balance Plans
In my financial planning practice I work with a good number of business owners who want to make aggressive contributions to their tax deferred retirement accounts. This helps put them on strong footing for retirement,…
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It’s Never Too Early to Start a Succession Plan
So here’s a topic that all business owners have thought about but few have taken action on: succession planning. I was reading a study by Wilmington Trust the other day that polled 200 different owners of…
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Investing In Yourself as an Entrepreneur
Many of us feel an innate need to make contributions to tax advantaged retirement plans every year. When it comes to personal finance, much of what we read, hear, and see in the media centers…
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Maximizing Your 199a QBI Deduction as a Specialized Service Business
As you’re probably aware, we’re working with some new tax laws as of January 1st, 2018. The tax change that will have the most impact for many business owners out there – particularly owners of…
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8 Considerations When Protecting Your Business With Life Insurance
I read a stat recently that stated 71% of small businesses depend heavily on a few individual owners and/or employees. This number makes quite a bit of sense, once you consider the limited resources most…
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Family Business Succession Planning: 3 Best Practices & A Review of the Statistics
If you’re reading this post, you’re probably familiar with the statistics: the failure rate for second generation family businesses is very, very high. When you consider the fact that family businesses make up about 60%…
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Woman Owned Business Tax Benefits: What’s Out There?
Several weeks ago I was in a meeting with a small business owner at my office. She’d come by to talk about her plans to transition away from her business, as she is in her…
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