What and When to Prepare for Selling Your Family Business

Posting by Joel C. Susco, CPA, Principal

If asked the question, most business owners would affirm that their ultimate motive in owning a business is to build it in such a way to allow them to leave a legacy for the future.  In addition, in an ideal world an owner would want to transfer it to another without any significant negative financial impact and with the possibility of retaining some control in the operations of the business.   Alternatively, new […]

November 5, 2010 Accounting, Family Owned Businesses, Tax Read more...

Geoffrey Brown Receives Certificate in Family Business Advising

BETHESDA, Maryland (November 1, 2010) – The Greater Washington DC Family Business Alliance (“The Alliance”), the go to resource for family businesses located in Maryland, the District of Columbia, and Northern Virginia, announced today that Geoffrey D. Brown, CPA, a Principal with Bond Beebe, the founding company of the Alliance, has received the Family Firm Institute (“FFI”) Certificate in Family Business Advising. The FFI presented Brown with the certificate during their international conference, “Family Enterprise: New Game? New Rule?” […]

November 1, 2010 Family Owned Businesses, Firm News & Events Read more...

Have You Really “Sold” the Family Business if You Sell the Family Business

Posting by Geoffrey D. Brown, CPA
Members of the Greater Washington DC Family Business Alliance spend most of our time talking about how best to preserve the family business for the next generation or generations; however, there may be times when the absolute best decision might be to sell the family business. Perhaps there is no one in the succeeding generation who has any interest in operating or managing the business or perhaps there is so much rancor and distrust […]

November 1, 2010 Family Owned Businesses, Valuation Read more...

Geoffrey Brown Receives Certificate in Family Business Advising

 

BETHESDA, Maryland (November 1, 2010) – The Greater Washington DC Family Business Alliance (“The Alliance”), the go to resource for family businesses located in Maryland, the District of Columbia, and Northern Virginia, announced today that Geoffrey D. Brown, CPA, a Principal with Bond Beebe, the founding company of the Alliance, has received the Family Firm Institute (“FFI”) Certificate in Family Business Advising. The FFI presented Brown with the certificate during their international conference, “Family Enterprise: New Game? New Rule?” […]

November 1, 2010 Family Owned Businesses, Firm News & Events Read more...

Geoffrey Brown Receives Certificate in Family Business Advising

Geoffrey D. Brown, CPA, Principal with Bond Beebe, the founding company of the DC Family Business Alliance, has received the Family Firm Institute (“FFI”) Certificate in Family Business Advising.  The FFI presented Brown with the certificate during their international conference, “Family Enterprise: New Game? New Rule?” held on October 13-16, 2010 in Chicago.  The FFI is the premier international body for advising and research in the family business and family wealth fields, with the purpose of increasing public awareness […]

November 1, 2010 Family Owned Businesses, Firm News & Events Read more...

NEW DEPRECIATION OPTIONS FOR LANDLORDS AND BUSINESS OWNERS

Glenn Bailey,  CPA

Recent legislative changes offer new opportunities for tax deductions on new capital assets purchased and placed into service during 2010 or 2011. If you are considering investing in new assets for your business or have improvements to make to your business real estate, you should consider these benefits in determining whether to make your purchases now or later.

The Small Business Jobs Act of 2010 has raised the cap on the value of assets that can be expensed […]

October 5, 2010 Accounting, Tax Read more...

IS IT ALWAYS A SMART MOVE TO BUY IN THIS MARKET?

Brian Wynne, CPA

The last three years have surely been some of the scariest times to be a homeowner.  The well-documented sharp increase in home sale prices between the early 2000s and 2007 has been followed by a continuing 3 year correction, bringing house prices right back down to near the levels they were at when the run-up started.  I would surmise that for most homeowners, the safest course is to stay in your home and wait this correction out.

The […]

August 17, 2010 Accounting, Wealth Management Read more...

WHERE DO WE STAND ON THE BUSH TAX CUT EXTENSION AND ESTATE TAX?

Much has been written in the general press concerning the fate of the “Bush Tax Cuts” from legislation expiring during the current calendar year; 2010 is the last year for reductions in income tax rates for all taxpayers.

There is very little legislative time remaining before the mid-term elections this coming November.  While the Congress has indicated extensions of certain Bush-era tax rate cuts will continue for the majority of American taxpayers, there is much squabbling over continuing of rate […]

August 16, 2010 Accounting Read more...

Leveraging Your Family Business for Public Relations Opportunities

Posted in DCFBA Blog, General Business Practice, Management, Marketing | Post By Joel C. Susco, CPA, Principal

Posting by Joel C. Susco, CPA

Your family business can make the best product or provide the best service, but if no one knows about it, you may not stay in business for long.  It seems silly to mention that marketing and public relations (“PR”) as necessary tools for a family business, or for any business for that matter, because of course they are […]

July 26, 2010 Family Owned Businesses Read more...

FILING A CORRECT TAX RETURN – ARE YOU ON YOUR OWN?

Brian Wynne, CPA

In January of this year, two articles appeared in The Washington Post within 2 days of each other that shine a light on the present status of tax collection in this country and help depict a not-so-certain future.

The first, appearing on the front page on January 5, 2010, discusses plans by the Internal Revenue Service (IRS) to regulate people who are paid to prepare tax returns, “stepping into a virtually unregulated business on which millions of American […]

July 7, 2010 Accounting, Tax Read more...