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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Estate Planning Organization 101

Estate planning is a vital process to ensure that, upon death or incapacitation, your wishes with respect to your minor children, your property, your businesses, and/or your other assets are carried out for the benefit of you or your beneficiaries…

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Understanding Which Data Privacy Laws Matter

If you are a business that collects and uses personal information that can be identified to a particular person, there are privacy laws you are to answer to. Data privacy laws involve restrictions on access and use of consumer personal…

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PPP Loan Forgiveness

According to the Small Business Administration, approximately 5 million businesses borrowed a total of $525 billion through the Paycheck Protection Program (PPP) between April 3, 2020, when the program launched, and August 8, 2020, when the approval window closed. All…

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Beware of the LOI When Selling Your Business

A letter of intent (LOI) is often assumed to have little function beyond establishing the principal terms of the business sale transaction. This assumption, however, can prove to be costly, as it fails to recognize that the LOI serves as…

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Presidential Election Tax Plan Comparison, Part 2

The following is an overview of where the candidates stand on federal taxes for individuals. Like Kind Qualified Business Income Strobl Sharp is a team of experienced and trusted lawyers that can advise on all legal matters relating to tax…

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Business Succession Planning to Protect Your Legacy

Planning ahead for incapacitation or death is often put-off because it can be uncomfortable.  Not only does it force us to face our own mortality, we must also make difficult decisions about how things will be handled as life goes…

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No Excuse for No Estate Plan

There are several reasons why, as a society, we tend to procrastinate when it comes to end of life planning.  Don’t let these excuses stand in your way of doing the right thing for your loved ones. I don’t need…

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