Get involved to keep future bright for small businesses

We are a right to work state. That follows on the elimination of the Michigan Business Tax and a phase-out of the personal property...

Service providers, trusted advisors: How to work with family businesses

Are the majority of your clients family businesses? Chances are, yes. Of all the business entities in West Michigan, 88.8 percent identify as family...

No-contest clauses: leaving beneficiaries in terror

A no-contest, or "in terrorem," clause provides that a beneficiary under a will who contests the gift shall take either nothing or only a...

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...

A ‘nanny tax’ horror story from an honest tax expert

The election is over, and the president will soon be naming new cabinet and senior administration appointees. Background checks may reveal various items including...

The choices ahead: borrow, raise taxes or cut expenses

The federal income tax may be the cause of the end of our culture as we have known it. It will not be due...

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...

Dealing with a cash-strapped business: Keep it ordinary

One of the first lessons a child is taught is that you can't take things that belong to someone else. This lesson is pretty...

Be yourself in all you say and do to earn success

How might the world be different if transparency truly replaced the guarded face we typically present when interacting with others?If we were to transform...

Canada’s approach to tax rates: a comparison to U.S.

In this presidential campaign, we have heard the phrases “the 47 percent” and “effective tax rate of 14 percent.” The former is the percentage...

Support politicians based on voting records, not rhetoric

The election next month will be a turning point for small business. The fact that the president is overtly anti-small-business is not the issue....

Cell tower leases can be gold mines for landowners

Existing cell tower leases are gold mines for the landowner who granted the lease. If he were alive today, King Croesus of ancient Persia...

The secret to attracting and retaining qualified employees

There is a shortage of qualified workers in West Michigan, yet unemployment remains at unacceptably high levels. Improvements in efficiency and productivity within all...

Keeping the cash and the grass from going up in smoke

The old saying “The grass is always greener on the other side” has taken on some additional meaning. In recent years, an increasing number...

The softer side of business when process trumps outcome

“If the relationships matter, then process trumps outcome.” — Greg McCann Greg McCann, a nationally recognized family business consultant, spoke these words at a...

Fair versus equal legacy planning with a family business

Planning for the succession of a family business can go beyond a discussion of equal versus fair. Should the business be transitioned now or...

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