Master the Basics: Managing Cash Flow Subscribe to Withum News About Our Construction Services When Vince Lombardi first took over the Green Bay Packers, reporters asked him what he would do differently. He was asked whether he would change player personnel, the coaching staff or the team’s playbook. He said he would start with the…
Is Your Financial Services Firm Positioned for Growth? Today, nearly every financial activity is being reimagined in some way, from banking, to lending, to wealth management. With innovation in the market, complicated business models that offer multiple services across different geographies often arise. In order to thrive in this changing landscape, financial services firms need…
My Partner(s) and I Can’t Work Together; What Do We Do? Quote: Disputes happen (my sanitized version of the often used phrase of unknown origin.) It is tough to be in the business of serving entrepreneurs and not encounter a dispute or two between owners. I am not referring to the garden variety disagreements that…
Senate Releases Its Tax Bill: Current Law vs House Tax Proposal What a week. Last Thursday, the House released its vision for tax reform, launching a flurry of analysis by the tax geeks, hand-wringing by the middle class, and defensive measures by the GOP. Then, late last night, just as the House Ways and Means…
Share As the GOP tax reform bill makes its way through Congress, you’ll be hard-pressed to find anyone complaining about the proposed repeal of the much-despised Alternative Minimum Tax, or AMT. Designed originally as a parallel tax system to ensure that at least some income tax would be paid by wealthy individuals with access to…
All resorts have financial data, boards and managers, but what is contained within the financial data, how the board sets budgets and gets involved in strategy, and how management performs their duties, differs at every resort. Each year, boards and management go through the budget process and should plan how to make improvements. How do…
Is There Such a Thing as Dumb Money? “Dopus. I already had the money in my hand.” – Comicus quote from “History of the World” by Mel Brooks At times, an entrepreneur is so focused on closing the deal for financing that they forget some of the long-term ramifications. In this scene from History of…
Tax Cuts and Jobs Act: What’s In and What’s Out? The first domino that may eventually lead to a thorough overhaul of the tax law was toppled by the House of Representatives with the release of the Tax Cuts and Jobs Act. Individual Changes There would be four brackets of 12%, 25%, 35%, and 39.6%….
Breaking Down the House Tax Bill from a Business Perspective The long awaited tax bill was finally released yesterday. Outlined below, we will try to break down the highlights from a business perspective. Flow through changes The promised 25% “business tax rate” comes with many qualifiers. All income allocated to a passive investor is subject…