Category: Blog
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Using the Power of Questions to Stimulate Growth
September 19th, 2023
Here is how questions can stimulate the curiosity, critical thinking, and decision-making skills of others.
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Growing Your Business with the Balanced Scorecard Approach
September 12th, 2023
The balanced scorecard approach has become a widely adopted framework for strategic management.
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Why the Working Capital Peg is Important in M&A Transactions
August 21st, 2023
We will address four key questions that provide an overview of the working capital peg and its importance in M&A transactions.
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How to Determine When Business Travel Expenses are Deductible
August 16th, 2023
Here is a summary of key definitions and an overview of the nuances that may exist under certain work arrangements.
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A Common Barrier to Your Family Business Transition
August 9th, 2023
Of the barriers that frequently delay a family business from planning and executing their transition, one of the biggest I see is a lack of clarity on a current owner’s next chapter of life.
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4 Considerations as You Develop Your Company’s AI Strategy
August 1st, 2023
Here are four tips to consider as you develop your AI strategy.
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Could Key Person Risk Be Hurting Your Company’s Valuation?
July 25th, 2023
A business that is highly dependent on an any individual for continued success may be exposed to what is known as key person risk. For owner-managed or family-owned businesses, this risk may reside within themselves, which creates a double whammy effect when it comes to the value of the business.
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7 Key Strategies to Managing Working Capital
July 18th, 2023
Here are seven strategies that are key to understanding working capital.
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Philanthropy Options in Family-Owned Businesses
July 12th, 2023
We have found that many have philanthropic intentions as part of their core values. Most of these businesses choose to make contributions directly to individual charities each year. However, there are two often-overlooked alternatives for making these contributions. Determining which vehicle is best for you depends largely on your goals and the level of control you wish to have on the contributed funds.
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Philadelphia Issues Guidance on BIRT and NPT Treatment of Amendments to IRC Section 174
June 29th, 2023
The ever-changing landscape of tax laws and regulations can often leave business owners scratching their heads, trying to navigate complex amendments and understand their implications. In Philadelphia, a recent development regarding the treatment of amendments to Internal Revenue Code (IRC) Section 174 has prompted this alert.