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Charitable Giving: the Barometer of a Growing Economy

Charitable Giving: the Barometer of a Growing Economy

| December 6, 2013

Charitable giving is growing at a healthy pace, a sign that Americans are a little more confident about the economy and their own finances. Individuals, corporations and foundations donated $316.2 billion to charitable causes in 2012, a 3.5 percent increase over 2011, according to the annual Giving USA study, which is conducted by the Giving […]

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IRS Changes “Use or Lose Rules” for Health FSAs

IRS Changes “Use or Lose Rules” for Health FSAs

| November 10, 2013

Flexible spending arrangements (FSAs) are popular benefits offered by many employers as part of their employee’s health-care package. The Internal Revenue Service has issued Notice 2013-71, which modifies the current “use it or lose it” rules that restrict the use of these accounts, which is move which benefits both employers and employees. FSAs are accounts […]

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Valuation is Key as the M&A Market Slowly Heats Up

Valuation is Key as the M&A Market Slowly Heats Up

| October 12, 2013

After a lackluster 2012, domestic Merger and Acquisition activity is on the rise. Small business deal volume was up 62 percent in the second quarter of 2013 compared to the same period for 2012, according to the latest BizBuySell.com Insight Report, which analyzes private business broker transactions in more than 70 major U.S. markets. This […]

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Establishing an Inheritance with Your IRA

Establishing an Inheritance with Your IRA

| September 4, 2013

If you had the opportunity to make an informed and educated financial decision for the benefit of your future heirs instead of relying on a default policy, would you? I hope your answer is a resounding “Yes!” As we accumulate wealth our largest financial asset often becomes our Individual Retirement Account (IRA). If you take […]

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Which Way on the Estate Tax?

Which Way on the Estate Tax?

| May 21, 2013

The “fiscal cliff” negotiations ended in January, 2013 with the passage of the “American Taxpayer Relief Act” that was supposed to remove the uncertainty in the Federal tax laws.  While the political fight over income tax rates got most of the headlines, many business owners (and their attorneys) were closely watching negotiations over the Federal […]

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CPN Conference Program on Crowdfunding

| February 13, 2013

The 2012 Christian Professional Network Conference included a breakout session on Crowdfunding — a new means of raising capital for small business ventures by offering securities without registration.  This program presented the legal do’s and don’ts of crowdfunding, with on-line examples. Click to see the PowerPoint Slides. Share PostTwitterFacebookGoogle +1Email

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A Daily Financial Plan

| February 13, 2013

I had an “ah-ha” moment during Sunday’s sermon a few weeks ago.  The pastor stated, “God has a plan.  He doesn’t wake up in the morning and wonder what he is going to do for the day.  He has had a plan from the beginning and he knows the end.”  It occurred to me that, […]

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A Fiscal Cliff

| July 27, 2012

Unless action is taken, the Economic Growth and Tax Relief Reconciliation Act of 2001, commonly referred to as the Bush Tax Cuts, are set to end by December 31, 2012. Should this happen, current tax cuts will expire and federal spending cuts will automatically go into effect. This in turn would greatly affect households and […]

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