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In business, as in life, change is the only constant. Every enterprise, regardless of its scale or industry, will face the prospect of leadership transition, and in the dynamic world of business, continuity, and planning are essential. Whether you’re an established business magnate or a budding entrepreneur, understanding the phases of succession planning ensures that […]

Employee ownership, and more specifically employee stock ownership plans (ESOPs), continues to garner strong bipartisan support throughout the country. Recently, the state legislature of Washington enacted laws that expand tax incentives to encourage employee ownership. The Washington state legislature passed S.B. 5096, a state-wide initiative aimed at expanding employee ownership. The bill establishes a feasibility […]

Acquiring wealth is the first step in building a family wealth enterprise, but only just the beginning. Having access to information that helps you manage the complexities of that wealth and avoid future costly mistakes is critical to long-term success. While many wealthy individuals and families understand investment reporting, which covers the balance sheet side […]

  The U.S. government has repeatedly revised the requirements for U.S. taxpayers to claim the Employee Retention Credit (“ERC”), also commonly known as the Employee Retention Tax Credit, since its initial codification into law. As a result, many eligible taxpayers have been left uncertain as to whether they may properly claim this often-valuable tax credit. […]

Businesses of all types and sizes cannot ignore the rapidly growing power of artificial intelligence (AI) and the many benefits of this advanced technology. When it comes to the gaming and leisure industry, AI can deliver improvements and support success in countless ways, chiefly by enhancing customer experience (CX), enabling predictive analytics and improving operational […]

Healthcare is a major cost in retirement, yet many people don’t plan effectively for it. Fidelity’s annual Retiree Health Care Cost Estimate showed that in 2022, an average retired couple age 65 needs $315,000 (after tax) to pay for expenses, nearly a 5 percent increase from 2021. Many Americans may not be prepared for these […]