Latest Updates: News, Issues, Announcements, Webcasts, Whitepapers, and More
Tax & Financial Services Week Ahead. Tax Policy Update.
The House and the Senate reconvene Tuesday at 2 p.m. and Monday at 3 a.m., respectively. What to Watch Both chambers will be in session this week. The August district work period and the subsequent midterm elections are on the horizon, which means that legislative...
How do you hold ownership of your family business or family office?
Thank you to the Orange County Business Journal for publishing this article.We're running a survey and would love your input. Thank you for participating! How do you hold ownership of your family business or family office? [gravityform id="14" title="false"...
Local Charities Rely on Family Businesses For Survival in Tough Times, Research Shows
Thank you to the Orange County Business Journal for publishing this article.Increased Pressure on Local Charities to Rely on Family Business Giving Ensures Survival During Pandemics, Inflation, Market Downturns The survival of America’s local charities is tied...
Family Business Stories Come to Life in YouTube Video Series
Thank you to the Orange County Business Journal for publishing this article.Expert Communicator Dr. Frank Luntz, Family Business Owners Describe Challenges of Running Family Businesses Today The plight of America’s family businesses are alive on YouTube with a video...
Embrace Your Role as Future Family Business Leader
By Nathan Kublank and Mary Ellen Krueger, Aspiriant directors in wealth management and partnersThe statistics on family business succession are striking. Only 3% survive to a fourth generation or beyond, according to Cornell SC Johnson College of Business. If you have...
Repealing the Death Tax
Summary:Rep. Roger William’s dad started a car dealership in 1939 and when he died, the ownership of the business was passed along to him, and so was the death tax liability, which equaled a significant value of the business’ worth. Williams nearly declared bankruptcy...
Meet Members of Congress at the Private Company Governance 2.0 Summit in DC, June 15-17
Thank you to the Orange County Business Journal for publishing this article.New this year! Capitol Hill Visits, Sponsored by Family Enterprise USA/Policy and Taxation Group; Meet with members of Congress and tell them your family/private business storyCreation of New...
Taxpayer Fairness Across the IRS. Tax Policy Update.
On Tuesday, May 18, the House Ways and Means Subcommittee on Oversight held a hearing on taxpayer fairness at the Internal Revenue Service. The following witnesses testified before the committee: Ken Corbin, Commissioner for Wage and Investment and Chief Taxpayer...
Johnston Ranch: Personal Experiences Show Impact Of Estate Tax
Andy JohnstonHis grandfather’s property was handed down to his grandmother when my grandfather passed, and more recently to him and his sister when his mom passed. Each time a member of the family passed, they had to sell a portion of the ranch to pay the inheritance...
Meet Members of Congress at 10th Anniversary Private Company Governance 2.0 Summit in Washington DC, June 15-17
Thank you to the Orange County Business Journal for publishing this article.New this year! Capitol Hill Visits, Sponsored by Family Enterprise USA/Policy and Taxation Group; Meet with members of Congress and tell them your family/private business storyCreation of New...
Policy and Taxation Group Names Kip Peterson to Board of Directors
Thank you to the Orange County Business Journal for publishing this article.Kip Peterson has been named to the Policy and Taxation Group’s Board of Directors, it was announced May 12, 2022. The announcement of Peterson was made by the group’s president Pat Soldano....
Truboy Ranch: Personal Experiences Show Impact Of Estate Tax
Jeff PageHis family was hit twice by the estate tax. The first tax forced his grandmother to lease out her land for cash flow and sell all our pasturelands except the home ranch in preparation for her own passing. Location: Youtville, CABusiness: Truboy Ranch...
Why Congress is Choking Family Businesses
Thank you to the Orange County Business Journal for publishing this article.It’s hard to imagine our legislators working to undermine the largest economic engine in this country, an engine that generates $7.7 trillion of GDP a year and accounts for 54% of the private...
Private Placement Insurance Products
Thank you to The Madison Group for this M Financial WhitepaperMany family businesses and multigenerational businesses use private placement insurance. This article may help those businesses to understand private placement insurance better. This White Paper is to...
Congressional Tax Staffers Outline Agenda. Taxation & Representation and Tax Tidbit
Congressional Tax Staffers Outline Agenda. Several senior staffers on the House Ways and Means Committee and the Senate Finance Committee—Andrew Grossman, Courtney Connell, Derek Theurer and Tiffany Smith—participated in a conference on tax legislation and regulatory...
Wayne Vineyard: Personal Experiences Show Impact Of Estate Tax
Wayne VineyardIf a single partner in their rice and beef cattle operation were to perish, they would have to sell a significant part of their assets in order to stay in business. The 55% tax would basically halve the operation and the ability to continue to have a...
The Surprising Facts of What America’s Family Businesses Look Like
54 Percent of America’s Family Businesses Added Jobs, New Research Shows America’s family businesses is one of the country’s greatest hidden forces and they are driving the U.S. economy, according to recent research. A contributor of more the $7.7 trillion dollars to...
Full Slate of Events Scheduled for Family Businesses This Month
Denver Family Business Center, Family Business Association of California May Events Key for Family Businesses Family Businesses in America are in the spotlight this month, with eight family business conferences or events scheduled with Family Enterprise USA president...
Bipartisan Innovation Act: More Tax Talk. Taxation & Representation and Tax Tidbit
Bipartisan Innovation Act: More Tax Talk. The conference committee to reconcile the House-passed America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength Act (COMPETES, H.R.4521) and the Senate-passed U.S. Innovation and...
2022 Family Office Trends
Thank you to Pathstone, the modern family office, for this report.INTRODUCTION Working closely with SFOs is an important segment of Pathstone’s business and has allowed us the opportunity to understand several common and interrelated trends better. Below is an outline...
Navigating “Company Value” in Times of Choppy Market Activity
By Joseph C. Hassan, CFA, ASA and Mark E. Lingerfield, ASA, MPI In the uncertainty of this social distancing economy and volatile equity and debt markets, how should business owners and professionals of private companies think about company value and the impact on...
Bartels Family: Personal Experiences Show Impact Of Estate Tax
Marjie BartelsWhen both her parents died, not only were she and her sister dealing with the sudden loss of our parents, they were now faced with a huge estate and income tax burden we weren't sure we could pay. Eliminating or reducing the estate tax will help ensure...
You Are Invited To Hear Frank Luntz & Karl Rove Speaking May 11
Policy and Taxation Group Supporters Invitation Only Zoom Meeting - May 11 at 12PM PT / 3PM EST This will be a time critical and highly informative meeting, featuring Frank Luntz, Pollster and Communication Analyst, Karl Rove, Political Analyst and Former White House...
Considerations in Making a Gift of a Business Interest to a Public Charity
Thank you to BNY Mellon Wealth Management for this report. One way donors can meet their philanthropic goals, while gaining some tax benefits, is through the gift of a business to a public charity. Every wealth planning discussion should include a conversation about...
Countries With Or Without An Estate Or Inheritance Tax
The United States has one of the highest rates of estate tax in the world. While other countries may call a tax on assets at death, an estate or inheritance tax it is still an additional tax on assets. Many other developed countries have eliminated their estate or...
Hear Frank Luntz and Pat Soldano. We Can’t Continue This Fight Without You.
Policy and Taxation Group Supporters Only Zoom Meeting - May 11 at 12PM PT / 3PM EST To receive the Zoom information and to be invited, your membership with PATG needs to be paid and current. There is a link below to securely donate now. This will be a time critical...
By Invitation Only – May 11th Zoom Addressing Latest Tax Legislation
Policy and Taxation Group Supporters Only Zoom Meeting - May 11 at 12PM PT / 3PM EST To receive the Zoom information and to be invited, your membership with PATG needs to be paid and current. There is a link below to securely donate now. This will be a time critical...
Weekly Washington Update. General, Health Care, Tax, and More.
Seeking Further Action on USICA: This week, over 100 lawmakers were named to the bicameral conference committee on Congress’s China bill. The large number of conferees does not engender confidence in an expeditious outcome. Moreover, the reports stated that House...
A Conversation with Frank Luntz and Pat Soldano
“Winning the War on the Wealthy; a Conversation with Frank Luntz and Pat Soldano”Hybrid Event: Attend In-Person or Virtually April 20-22, 2022 How have the voter attitudes changed toward the wealthy in this country. Can the trajectory be changed; how can that happen?...
Ruddick Family: Personal Experiences Show Impact Of Estate Tax
Richard RuddickHe was an heir as a result of death and had to sell half of the farmland to come up with enough money to pay the estate tax. There was no feasible way that our farming children could pay the estate taxes that would be due and have the ability to...