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Date: December 21, 2021 Time: 12 p.m. to 1 p.m. Eastern Standard Time Platform: Zoom Questions: Chat Free Ticket: Martin Reeves We need imagination now more than ever—to find new opportunities, rethink our businesses, and discover paths to growth. Yet too many companies have lost their ability to imagine. What is this mysterious capacity? How does imagination…
From appliances to sofas, Americans aren’t used to empty shelves or waiting weeks for their purchases. But the pandemic continues to disrupt the supply chain, shuttering factories, creating logjams at ports, and exacerbating a truck driver shortage. This event will bring together regional leaders – L.L. Bean CEO Stephen Smith, Massachusetts Port Authority CEO Lisa…
Submitted by Lone Star Capital Bank. Information provided by American Bankers Association. Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online banking, the problem is only growing worse. In fact, the Federal Trade Commission’s report…
What is your strategy for getting new business in 2022? Perhaps this tale of two contractors will help you start the new year off on the right path. December 2021. It was the best of times because it was the holiday season, which meant decorating the house, celebrating with family and friends, and getting some…
On November 19, 2021, the U.S. House of Representatives passed the Build Back Better Act and sent it to the Senate. Included in the current proposed framework is the prohibition of “Back-Door” ROTH conversions, to take effect after December 31, 2021. The Senate Finance Committee released its current working version of the Bill on December 11, 2021, which left unaltered…
Drucker & Scaccetti Announces Senior Leadership Changes Appoints 3 Chiefs and Board Chair to Position Firm for Continued Growth and Success Dec.10, 2021 – PHILADELPHIA – Drucker & Scaccetti, a CPA and advisory firm based in Philadelphia, PA and dedicated to providing specialized tax, business, and financial consulting to families and their closely held and…
Worry about cash flow is one of the top issues that keeps business owners up at night. Cash flow is like oxygen to a business and without it, the business won’t survive. Several years back, I had a client ask me, “If I’ve made $500,000 in profit, why isn’t it in the bank account?” A very good…
Program produced by XPX Chicago. Mark Bennett is a trial attorney who defends business from various lawsuits and who works directly with business owners to mitigate legal liability, in order for their companies to grow safely and sustainably. Mark’s practice focuses on personal injury, transportation, supply chain, commercial law, and business development. His presentation will…
Date: December 17, 2021 Time: 12 p.m. to 1 p.m. Eastern Standard Time Platform: Zoomcast Questions: Chat Click Here to Participate: Ray Wang (If you can’t make it you can still sign up and get the video later.) Which kinds of companies will thrive and which will get crushed by the powerful forces in the global business landscape now…
When starting a new business, selecting the proper entity structure is one of the first, and most important, decisions a business owner must make. Converting an existing business to a different entity type could be time consuming, costly, and result in unintended negative tax consequences, so it is best to carefully consider your options up…
Conducting an executive search for a CEO for a closely held or family-owned company where the owner(s) don’t have a successor-candidate already working for the company can contribute to challenges for any search consultant no matter how qualified.transition One of the principal challenges involves a discussion on owner(s) transitions. It’s understandable for an owner to…
If you have ever received a notice from a taxing authority, you know it can be alarming. Immediately, a negative narrative takes over and many assume the worst. “Is this notice real?” “Am I in trouble?” In today’s post we reveal how in just a few steps, and perhaps some help from a tax professional,…
Infrastructure investments in 2022 and beyond are going to drive the need for skilled labor in manufacturing, construction, energy, utilities and port authorities. My new listing is a successful training and certification company for crane, rigging and skilled labor professionals that would be a good acquisition for organizations looking to strategically capitalize on growth in…
Whether you’ve finished your 2022 projections or not, here are 3 tips you need to know to put the finishing touches on your forecast for next year: 1. Look for tendencies in your forecasting to gain insights on things you can do to improve next year. Did you overestimate revenue and profits? Maybe you were…
Giving negative feedback is never easy and is even more challenging in a virtual work world. It’s always best to have difficult conversations in person; however, if that’s not an option, treat your team member with compassion and make sure you end the discussion with clear direction and expectations. Find out FirePower Teams‘ other recommendations…
Date: December 10, 2021 Time: 12 p.m. to 1 p.m. EST Platform: Zoom Questions: Chat Click here for a ticket: Magnus Penker World-renowned thought leader, Magnus Penker, details a modern approach to innovation in his latest work Play Bold – How to Win the Business Game Through Creative Destruction. Warning! This book is disruptive! Reading the following episodes and implementing the advice therein may result in double…
A great business looking to be acquired in 2022 that has increased revenue and profitable during the Pandemic. The sellers have conducted tremendous amount of R&D on over 100 recipes for retail and commercial size orders, have documented all areas of the business, and have built an efficient and strong operational organization for a new…
For many of us, the holiday season brings the opportunity to share joy and presents with our families and friends. Gift giving, while fun and exciting, can also pose its challenges. Well-intended toys and games just add to the growing stockpile many children have, and there is always the difficulty of finding the “hot toy”…
Please join us on Wednesday, December 8 from 10-10:45am for the December edition of our Scaling Skills Speaker Series. I will be interviewing Skip Lamb, Ph.D. and Susan Lamb, Ph.D about their successful entrepreneurial journey. Susan and Skip launched their business two blocks from their home in beautiful downtown Savannah GA and walked to work…
When I started my company in April 2009, I didn’t know much about business formation or the tax implications. Thank goodness I had a good friend and CPA who sat me down and told me everything I needed to know. If you’re starting a business, a CPA you know and trust is one person that should…
People have been selling businesses and retiring forever, so why is this important? Well, after nearly 30 years in healthcare, I’ve seen a startling trend that must be addressed. Let’s walk through two scenarios, and you pick the one that reflects your future desires. Retirement Scenario 1 – The Cliff It is not uncommon for…
Program produced by XPX Philadelphia. In this interactive session, Herb and Max discuss options for tax and estate planning that will ensure that the business owner can leave a legacy. The case study is based on a $40M, privately held, family owned Manufacturing Company that is planning for an exit. This next session is designed…
Program produced by XPX Charlotte. All businesses have strengths and weaknesses, however certain weaknesses ding a company’s value more than others. In this session: You’ll learn how buyers weight strengths and weaknesses to better assess how they will value a business. You’ll better understand how to prioritize strategic initiatives based on how each impact perception…
When Jayson Waller says he’s fully invested in his solar company, Powerhome, he means it. In 2017, when the business was running low on capital, he downsized to a smaller home and invested the profits into the company. A few months later, Waller partnered with Trivest Partners, which bought a 25% stake in Powerhome for $15 million. Trivest…
As we approach the 2021 tax filing season, remember it is also Required Minimum Distribution (RMD) season. You generally have until December 31, 2021, to take your RMD out of tax-deferred retirement accounts to avoid costly penalties, unless this is your first RMD year, in which case you get a grace period until April 1,…