Knowledge Share

DHG | views 
Talent
Performance & Growth
Risk & Regulatory
Mergers & Acquisitions
Succession
Innovation & Technology
What You Need to Know About the SECURE Act and 2020 Tax Extenders
Alert | Mar 16, 2020
More About | Generational Wealth Planning | Tax | Succession

Signed into law at the end of 2019, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), part of the Further Consolidated Appropriations Act, 2020 (H.R. 1865, P.L. 116-94), represents the most extensive change to retirement legislation since the Pension Protection Act of 2006. The SECURE Act aims to make it easier for individuals to gain access to retirement plans and addresses current trends of people both living longer and choosing to delay retirement. The SECURE Act made several key changes that impact both businesses and individuals.

Read More
Transition and Succession Considerations – An Overview with DHG Corporate Finance
Publication | Aug 27, 2019
More About | Succession

As an owner or a member of the senior management team, it is never too early to begin thinking about transition and succession planning. Prior experience tells us that it is better to proactively develop a plan that outlines the strategic options that you may consider for the future of your business than to react to a sudden change in your business without having a plan in place. Transition and succession planning is essential to maintaining a healthy business and a lasting legacy as the process allows you to thoughtfully prepare for the future and still maintain the company’s brand and culture. A proper succession plan may also ease the minds of your board members, other owners and employees who may be concerned about an eventual and inevitable leadership change, as well as the corresponding potential disruption to your business.

Read More
Why Financial Planning is Crucial to Succession
Publication | Jul 19, 2019
More About | Succession

As a business owner, your priority is likely the day-to-day operations of running and growing your company, and that’s where you focus the majority of your time, passion and resources. But how much time do you spend thinking about selling the business and what comes next? Most business owners have not considered or appropriately planned for any future transition from the business, whether in preparation for retirement or for new investment opportunities, and therefore don’t know what to expect financially in the future. Financial planning can help you make certain you are ready to address your financial needs and desires after transition, such as funding retirement, taking care of family needs, managing debt, paying any insurance premiums and setting aside funds for any hobbies or travel.

Read More
Making a Graceful Exit: The Value of Life and Disability Insurance to your Exit Strategy Pre- and Post-Sale
Publication | Jun 20, 2019
More About | Succession

Sometimes business owners jest that they would sell “this Friday,” which may not be far from the truth! However, business exit strategists advocate for developing your exit strategy when developing your business plan. In practice, they find that business owners want to retire and sell their business in five, ten or 20 years. Life and disability insurance policies are often valuable assets that can complement your financial, estate and business plans prior to and after the sale of a business.

Read More
Succession Planning Transforming in the Construction Industry
Publication | Mar 19, 2019
More About | Construction | Performance & Growth | Succession

The Tax Cuts and Jobs Act (TCJA), Public Law No. 115-97, affects many industries in many ways and a great deal of the changes are providing significant impacts to small businesses in the U.S. Inherent in the modifications is an effort to keep more business in the U.S. and foster continuous economic growth. As many of TCJA’s provisions were effective in 2018, it is important for both large and small entities to understand how they will be impacted, what to expect and how to plan for the future.

Read More
Tax Considerations for Selling a Business
Publication | Mar 14, 2019
More About | Tax | Real Estate Tax | Mergers & Acquisitions | Performance & Growth | Succession

Succession planning for your business in 2019 can be a complex endeavor, requiring multiple counsel and advisors on your team helping you set goals, objectives and decision-making processes for a successful transfer. Having a strategy for the future of you and your business offers numerous benefits, such as security and financial stability, protection of profitability, reducing potential litigation and creating a smooth transition in the event of unforeseen circumstances like death or divorce. However, it’s likely that most business owners do not currently have a plan in place, and those that do have likely not discussed their plan with their team of advisors.

Read More