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7 Tips to Strengthen Your Vendor Contracts

Most manufacturing companies rely heavily on “supply chain” vendors to keep the business running. A breakdown in even a single link in the supply chain can be devastating to a business. In the wake of the recent pandemic and the…

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When and How to Share the Details of your Estate Plan

Estate planning, a difficult but necessary process, provides you with the peace of mind that your loved ones will be provided for and your wishes will be upheld in the event of your death or incapacitation. Depending on the complexity…

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Managing Impact of Mergers and Acquisitions on Employees

Typically, the goal of merger or acquisition (M&A) is the formation of a more successful, efficient, productive, and profitable company. The employees of the merging companies, however, do not always share the same level of enthusiasm as the executives or…

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When and Why to Update Your Estate Plan

Congratulations! You have put in the time, made the decisions, and signed the documents. Your estate plan is complete. With the knowledge that your beneficiaries will be cared for and your wishes will be carried out, you can finally sit…

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Revisiting the SECURE Act of 2019

The Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”), significantly changed the rules regarding distributions from traditional Individual Retirement Accounts (“IRAs”) both during an account owner’s life and after his or her death. Some of the…

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Top 5 Business Action Items for 2021

2020 has been a roller coaster ride for many businesses during a truly unprecedented time.  All industries and sectors have been faced with a worldwide pandemic, economic uncertainties, new government regulations and political unpredictability.  But a new year is right…

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Charitable Gifts in a Trust – What You Needs to Know

A trust can be a very beneficial estate planning tool for persons wishing to make charitable contributions. However, there are some important aspects to consider when drafting and administering a charitable gift within a trust. Institution or Specific Purpose No…

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End of the Year Tax Reduction Strategies for Small Business

As 2020 (finally) comes to a close, it’s time to start thinking strategically about minimizing your company’s tax liability.  While COVID-19 has affected some industries more than others, all small business owners will benefit from doing a little research on…

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