Anti-fraud controls should be implemented in small businesses to avoid unruly costs and negative effects that can impact the businesses processes and finances.
Estate Planning: How COVID-19 May Change Your Estate Tax Obligation
Posted by Jonathan Ieraci & filed under Cornerstone, COVID-19, TVSInsights.
The individual federal lifetime estate tax exemption is at an all-time high of $11.6 million. The high lifetime exemption, coupled with lower asset prices, creates a good opportunity for owners of closely-held family businesses to execute estate plans. Executing an estate plan can relieve families of the burden of estate taxes, align assets to ensure… Read more »
What COVID-19 Means For Privately-Held Businesses
Posted by CTBK Admin & filed under Cornerstone, TVSInsights.
The COVID-19 pandemic will damage the global economy and likely impact business value for the remainder of 2020. While there is no way to know how long a possible recession will last, we may consider the Great Recession as a benchmark for conditions that will prevail over the coming months. In this installment of CTBK’s… Read more »