An increase in income tax rate means you'll pay a higher percentage of your income to the government. This directly reduces your disposable income, the money you have left after taxes for spending or saving. This can make it harder to afford basic necessities, save for retirement, or invest in your future.
‘Succession Stories’ Podcast Keys in On Succession Planning, Advocacy with Family Enterprise USA President Pat Soldano
Podcast Host Laurie Barkman Discusses Next Generation Business Transitioning with Leading Voice on Capitol Hill for Family Business, Successful Individuals
Proactive planning is the key to transitioning family businesses to the next generation, and the vital to avoiding pitfalls of succession, according to a new podcast featuring Family Enterprise USA’s Pat Soldano and podcast host Laurie Barkman, known as the “Business Transition Sherpa.”
The podcast, part of a series called “Succession Stories,” is airing now on Apple iTunes and other podcast platforms.
The segment entitled, Power of Family Business Advocacy and Succession Planning, discusses policy related challenges, particularly around taxes and estate planning.
The podcast can be found by linking to: https://podcasts.apple.com/us/podcast/power-of-family-business-advocacy-and/id1507050698?i=1000662167184
Barkman, known as The Business Transition Sherpa, is also the author of “The Business Transition Handbook: How to Avoid Transition Pitfalls and Create Valuable Exit Options.”
During the 30-minute podcast, Soldano, President of Family Enterprise USA, discusses with Barkman the crucial need for early family wealth transition plans, how the next generation’s views on family management needs can vary widely from founders, and how expiring tax policies can disrupt planning. Soldano also talks about the urgent need for more advocacy on Capitol Hill.
“Family businesses are the largest private employer in the country, but our legislators are just now waking up to this important segment of the U.S. economy,” says Soldano. “It’s critical our family business voices get heard in Washington D.C.”
Family businesses account for 83.3 million jobs, or 59 percent of the country’s private workforce, according to research. America’s family-owned businesses contribute $7.7 trillion annually to the U.S. gross domestic product.
The podcast series, Succession Stories, explores the entrepreneurial stages of a business, from growth to maturity to focusing on value creation, exit planning, succession, and M&A for owner-led companies
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The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.
Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them.
Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.
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