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Are You Flying Blind?

Are You Flying Blind?

| June 14, 2018

Financial Statements Do you know which statements you need to use to have an accurate picture of your business?  Hint: your bank statement alone is not enough. Have you ever wished you could know exactly how profitable your company was last month? Wondering if your cash flow is adequate to pay off a loan more […]

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Surviving an Earnout Provision in a Business Sale

Surviving an Earnout Provision in a Business Sale

| March 12, 2018

If you are selling a business, the buyer may want to pay part of the price through an earnout provision. This is a contractual arrangement in which the seller receives additional payment in the future if certain financial goals are met. In other words, part of the price is contingent on the performance of the […]

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529s Becoming the Valedictorian for Families at Private Schools

529s Becoming the Valedictorian for Families at Private Schools

| February 7, 2018

Do your children attend a private school or do you know someone whose children do? Parents of children attending primary and secondary may be applauding recent tax law changes concerning 529 education savings plans.  New this year, families can use 529 education savings plans for private schools, and they may receive a state income tax […]

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Ten Tax Planning Tips to Consider Now for End of Year Planning

Ten Tax Planning Tips to Consider Now for End of Year Planning

| October 4, 2017

Here are 10 tax planning tips to consider that might help reduce your federal income tax bill: Contribute the maximum amount to your 401(k) plan. Up to applicable limits, your contributions are subtracted from your gross pay, so you don’t pay current income taxes on the contributions (although you still pay Social Security and Medicare taxes). […]

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Economic Freedom and Care for the Environment: Mutually Exclusive or Mutually Beneficial?

Economic Freedom and Care for the Environment: Mutually Exclusive or Mutually Beneficial?

| August 10, 2017

In the late 1970s, our energy outlook was not looking good. Over six years, gas prices had tripled and there were shortages and long lines at the pump. It appeared that we were at the mercy of OPEC (Organization of the Petroleum Exporting Countries). Experts predicted that we would be out of oil soon, perhaps […]

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Supreme Court Strikes Down State’s Double Taxation

Supreme Court Strikes Down State’s Double Taxation

| June 7, 2015

On May 18, 2015, the United States Supreme Court declared a provision of Maryland’s State Income Tax unconstitutional as discriminatory against interstate commerce, and thereby in violation of Article I, Section 8 of the United States Constitution. The case is Comptroller v. Wynne.  The specific and technical issue is that Maryland’s personal income tax has […]

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What Does Oatmeal and Giving Have to Do With Each Other?

What Does Oatmeal and Giving Have to Do With Each Other?

| May 12, 2015

The next time you’re in the cereal isle at your local grocery store I want you to think of Henry Parsons Crowell.  Mr. Crowell has been a source of inspiration to me.  While he faced many difficulties in his life his focus was on what truly matters.  He endured the early loss of his father, […]

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What is the Value of My Business?

What is the Value of My Business?

| March 6, 2015

What is the value of my business? That’s the question every business owner wonders from time to time. But the correct answer varies depending on the purpose of the appraisal. Different rules and “standards of value” may apply in different circumstances. In the United States, the most widely recognized and accepted standard of value is […]

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A Review of the Financial Markets in 2014 —Grading Bob Doll’s “Ten Predictions”

A Review of the Financial Markets in 2014 —Grading Bob Doll’s “Ten Predictions”

| December 2, 2014

In January of each year, Bob Doll, the Chief Equity Strategist at Nuveen Asset Management (and the Keynote Speaker for the 2015 CPN Conference) makes his “Ten Predictions” for the coming year.  With the year coming to a close, we can look back at 2014 Financial Performance through the lens of Mr. Doll’s predictions: 1. […]

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“Shark Tank” and Church Financing

“Shark Tank” and Church Financing

| October 10, 2014

Shark Tank, a show about billionaire investors who either turn away or fight over investing in hopeful entrepreneurs, can teach us a lot about capital campaigns, and how capital campaigns impact a church’s ability to qualify for financing. If you have watched the show, you have probably noticed that there are two types of entrepreneurs, […]

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