Posts by

Tom Anderson

Commercial Insurance Considerations for Family Businesses

By Tom Anderson / July 2, 2024

The commercial insurance industry has long been a key resource for mitigating business risk – and family businesses have historically benefitted from third-party insurance support. You can’t rely on the same approach as last year with your commercial insurance program and expect it to be effective. You must be vigilant.

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Important Tax and Regulatory Updates for Family Businesses in 2024

By Tom Anderson / June 11, 2024

Protect your family business by staying up-to-date on changing tax and regulatory requirements that affect your industry and your organization. 2024 brings several significant changes at both federal and state levels – here is a brief overview of what you need to know:

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Financial Considerations in Family Business Succession Planning

By Tom Anderson / May 21, 2024

Succession planning is a crucial phase for any business – but especially for family-owned enterprises, where the transition from one generation to the next can significantly impact financial stability. Let’s delve into some key financial considerations that business owners should address when planning for succession.

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Managing Your Family Business for Performance

By Tom Anderson / April 30, 2024

Managing performance in family businesses is hard work – and often delicate work – and it takes a multifaceted approach. Here are some of our best tips.

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Financial Fundamentals for Family Businesses: A Simple Guide

By Tom Anderson / April 2, 2024

Financial capital is the lifeblood of every family enterprise, just like any other business. And to guarantee the progress and longevity of your family business, it is crucial to maintain healthy financial fundamentals over the longer period of time. Here’s what you need to know.

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Tax Implications for Family Businesses

By Tom Anderson / March 4, 2024

When it comes to taxes, family businesses have unique considerations – and extra rules that quickly can become confusing and burdensome. Here’s what you need to know.

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Solving Financial Challenges for Family Businesses

By Tom Anderson / February 27, 2024

Leading a family business organization is a complex effort – don’t let anyone try to convince you it’s easy! Here are some of the most common financial challenges we see in family businesses – along with some potential solutions.

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Family Business Financing Misconceptions: 7 Myths

By Tom Anderson / February 13, 2024

Here are 7 of the most powerful financing myths we’ve encountered in our years as family business consultants…

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Creating an Annual Profit Plan for Your Family Business

By Tom Anderson / January 23, 2024

The key to a truly effective annual plan is tying it into your long-term strategic vision. Annual profit planning is a key tool in your toolbox for family business prosperity.

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Five Tips for Finding the Right CPA Audit Firm for your Family Business

By Tom Anderson / November 7, 2023

A good CPA firm will not only help you navigate the process, but also provide independent, objective feedback.

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