Category: Family Business

outsourced accounting for family businesses

Why are so many family businesses outsourcing their bookkeeping, controllership, or even CFO-level services to outside accounting firms? Let’s take a look at some of the key benefits of outsourced accounting for family businesses.

Business Tax Planning

New legislation in Illinois, which targets the unpopular SALT cap, now allows pass-through entities to pay an elective tax on income earned or received in the state.

Mergers & Aquisitions

Today, most middle-market businesses buy or sell, eventually. But many are unprepared for M&A, leading to entirely avoidable financial losses. In this article, we outline how you can position your company for success in current & future deals.

Tax and business planning is especially important for family-owned enterprises. Here are some key questions that owners of family businesses need to address.