The dilemma of choosing how to allocate your time

PepsiCo CEO Indra K. Nooyi has stated you cannot have it all. That is a classic BFO — a blinding flash of the obvious. Nooyi...

Making taxes competitive and enhancing to economic growth

I was on an international flight returning home to Grand Rapids recently when I pondered our U.S. history and how some items have changed...

Transforming knowledge into building blocks of wisdom

Wisdom results from our application of knowledge, from using what we know to change (or intentionally stabilize) a situation, alter the life of another,...

Intentional actions bring intended results

Intended actions often result in unintentional consequences. We often set wheels in motion that eventually stop in places we had not considered, planned for...

Just the two of us: estate planning for ‘DINK’ couples

If you've had the privilege of hanging around a group of excited estate planners, at one point or another the abbreviation “DINK” may have...

Biz challenges too much for you? Tell it to Nobel winner

If you have ever felt overwhelmed by the sacrifices of building a business, you need to examine your situation from a different perspective.The hurdles...

Tax reform takes me on a trip down memory lane

My BDO colleagues surprised me with their Dear Bill Matters Column a few weeks back that discussed my retirement. As I transition into retirement,...

Reasons for the financial meltdown spelled out

One of the great advantages of retirement is having the time to pursue an understanding of events that you could not take the time...

Probability of comprehensive tax reductions is remote

Many of us have spent the past month or so watching the government shutdown, the debt ceiling debate and the rollout of the Affordable...

Specialized ‘business courts’ arrive in Michigan

Find me one executive or business owner who likes litigation. Unfortunately, your search might be as painstaking as a lawsuit. Lawsuits take a long...

Employee stock ownership plans offer many advantages

Employee Stock Ownership Plans, or ESOPs, have been used as succession planning tools for family-owned businesses for 40 years.However, not all business owners or...

Advisory boards: legal tips and potential traps

An advisory board for your family-owned company can be a great asset. But setting one up carelessly can create confusion, destroy confidence and expose...

Successful leadership transitions: traps to avoid, tips for success

It’s never easy to step into a leadership role from outside an organization. Michael Watkins, an authority on leadership transitions, has concluded through his research...

Retirees will see miniscule increase in Social Security benefits

Recently, the Social Security Administration announced the cost of living adjustments for 2017 benefits will be a mere 0.3 percent for retirees in 2017...

Fair pay today goes far beyond supply and demand

“Pay me fairly!” Who can be against that? Well, of course it’s that person in the corner office wringing out every ounce of value...

How to mess up buying or selling your company

Buying or selling a company is exciting. Maybe you are growing your business by acquiring a competitor. Maybe you are selling a company in...

Getting health care costs under control: First, admit we have a problem

It’s that time of year again when people go through open enrollment and supposedly make the wise benefit choices on health care that will...

Leadership in context: What kind of boss should you be?

A couple of years ago, I wrote an article about leadership after the national political conventions had taken place but before the actual presidential...

Preparing the next generation to purchase the business

West Michigan has a rich tradition of successful family-owned businesses, and ensuring they pass from one generation to the next is often very challenging...

Note to self: Be wary of tax law hysteria this year

So the Trump tax plan has been signed into law. There will be a mad rush to take credit for the good parts and...

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