In today’s dynamic job market, keeping top talent is crucial for business owners. The “Great Resignation” reshaped the workforce, but Robert Keebler says it’s also a “Great Upgrade” – an opportunity for employers to elevate their employee retention game. In this article, Keebler describes various strategies, such as non-qualified deferred compensation plans, that can help business owners keep their key employees onboard.
SMRU 5969037 | Exp. 11/8/2025
In today’s dynamic job market, employee turnover is inevitable, but a robust employee retention program can significantly reduce the loss of key personnel and help secure an organization’s success and longevity. In this article from Robert Keebler, he highlights strategies such as non-qualified deferred compensation plans that can help employers adapt to the evolving labor landscape and retain their most valuable assets – the dedicated and skilled employees that make the business successful.
SMRU 5972275 | Exp. 11/8/2025
Estate planning has taken some major turns due to recent tax law shifts. If you thought it’s all about tax exemptions, think again. Even with the evolving landscape, there’s a lot to address for effective estate and succession planning. Talk with your financial professional to help ensure you are up to date. New York Life Insurance Company and its agents do not provide tax or legal advice.
- Balance bequests: Larger exemptions might lead to unintended overfunding of specific bequests or trusts, altering your estate’s intended division.
- Income tax strategy: Don’t overlook income tax implications upon a surviving spouse’s passing. Tailored trust arrangements can help optimize tax efficiency.
- Protecting wealth: Trust planning still matters – potentially shielding your wealth from creditors, mismanagement, and other potential risks.
- Adapting to changes: Laws can change. Ensure your plan is flexible enough to navigate evolving tax regulations.
- State tax awareness: State inheritance and estate taxes differ, and they can pack a punch. Consider these when crafting your plan.
- Review appointments: Regularly update fiduciary appointments to ensure the right individuals or entities are in charge.
SMRU 5934995 | Exp. 9/30/2025
Business entities come in all shapes and sizes, but no matter the type, each one should have a buy-sell agreement in place. This important tool helps business owners effect a smooth transition in the event of death, disability, retirement, or other circumstance that triggers a change in ownership. In this article by Rimon, PC estate planning attorney Patricia Annino, you’ll learn about the benefits and pitfalls of buy-sell agreements and how you can help your clients better protect their businesses.
SMRU 5699558 | Exp. 5/31/2025
The sudden death of a business founder or key executive can have lasting consequences across the entire enterprise, and include legal, financial, tax, business operation, and psychological ramifications. In this article, Rimon, PC estate planning attorney Patricia Annino describes the impacts of those consequences and urges all family business founders and key executives – and their advisors – to plan now for a smooth operational transition and consider the seven key components she provides for an effective business succession plan.
SMRU 1946779 | Exp. 7/28/2024
In today’s job market, the risk of losing top performers is very real for employers. Finding suitable replacements can cause financial stress and disruption of business which may result in lost profits. An employer can gain a distinct advantage over companies competing for top talent by offering a non-qualified deferred compensation plan designed to motivate and retain the employees who are key to the company’s success. Read this article from The Nautilus Group to learn how this valuable tool provides benefits for both employers and their key employees.
SMRU 5345105 | Exp. 12/27/2024
Chris Anderson of Adams Capital describes the differences between personal goodwill and enterprise goodwill in this article and discusses how these distinctions can have a far-reaching impact for owners of closely held companies, from obtaining accurate valuations to making confident decisions, or segregating marital assets in a divorce.
SMRU 1940779 | Exp. 5/24/24
A potentially overlooked tax provision, Internal Revenue Code Section 1202, may allow certain taxpayers who sell stock in a “qualifying small business” to exclude from taxation a percentage—50%, 75%, or even 100%—of the gains realized upon the sale of stock. This article explores some of the benefits and requirements of this possibly advantageous non-elective tax provision. New York Life and its agents do not offer legal or tax advice.
SMRU 1944796 | Exp. 7/11/24
A basic understanding of how to maximize the Internal Revenue Code Section 199A pass-through business deduction is a must for any estate planner, according to well-known attorney Steve Oshins, who describes in this article from The Nautilus Group how certain taxpayers can deduct 20% of their qualified business income using what he calls the “Magical W-2 Formula.” New york Life Insurance Company and its agents do not provide tax, legal or accounting advice.
SMRU 1845375 | exp. 3/8/24
Many business owners fall into the trap of focusing on the urgent, short-term operational demands of their business, but neglect or delay the important planning critical to its ultimate longevity and long-term value extraction. This article provides an overview of key issues to consider when creating a business succession plan and the critical components of succession planning that distinguish astute entrepreneurs.
SMRU 1872518 | Exp. 12/16/23
Closely held business owners know that retaining and rewarding key employees can be essential to their business’s continued success. In this video, Matt Pate, CVP with The Nautilus Group®, a service of New York Life, talks about ways business owners can ensure their employees stay motivated and happy and their businesses stay profitable.
SMRU 1866312 | Exp. 5/23/24
Many business owners seem to think they’re going to live forever and thus have done no succession planning, despite the COVID-19 pandemic illustrating more than ever the need to be prepared for probable, or inevitable, events or setbacks. Planning to work forever is not a business succession plan, and without one, when adverse events occur, the results can be devastating. This article looks at three critical elements business owners should consider to create a successful transition plan that can help maximize the business’s value for themselves or their families and increase the firm’s longevity.
SMRU 1928490 | Exp. 2/4/24
Appointing a specialist who can control the trust-owned family business or manage the trust’s investments allows the responsibility of managing the trust assets to be shared among uniquely qualified experts.
Read this article from The Nautilus Group to see how using a directed trust can allow grantors to both enjoy the services of a professional trustee and carve out specific areas of responsibility and management over the trust’s assets.
Nautilus, New York Life Insurance Company, its employees or agents are not in the business of providing tax, legal or accounting advice. SMRU 1911595 | Exp. 9/14/23
Watch this short video to learn how medical practices and other businesses can reward and retain their key employees while mitigating financial risk.
SMRU 5042274 | exp. 11/29/24
Watch this short video to learn what employees are concerned about when considering retirement, and how medical practice owners can address those concerns.
SMRU 1881946 | Exp. 7/9/23
Do you know how a buy-sell agreement works? If you co-own a business, you can’t afford not to.
SMRU 1779960 | exp. 12/16/23
Selecting a business entity or organization form can be intimidating and confusing, yet it is an important decision for business owners and one that can have far-reaching consequences. This article looks at the different tax implications, characteristics and administrative requirements for common business types and provides an overview of how the owner’s selection may complement or detract from the business’s ultimate objectives.
SMRU 1858976 | Exp. 6/6/24
How do employers retain top talent? Watch this video to learn more about a key employee retention strategy.
SMRU 1854308 | exp. 4/4/24
The sudden death of a business owner can have a substantial impact on its customers, employees, lenders, and suppliers. How should business owners prepare now?
SMRU 1907018 | exp. 7/20/23
How can business owners cope with the loss of a business partner? Listen now to learn how.
SMRU 1907017 | exp. 7/20/23
How can medical practices manage the cost of high employee turnover and the negative effect it has on revenues? Learn more by watching this short video.
SMRU 1810764 | exp. 7/9/23
How can business owners build wealth for their own retirement while trying to reduce their income taxes? Watch this video.
SMRU 1779963 | exp. 5/11/2022
Co-owners of closely held businesses often focus on the day-to-day operations, while neglecting important long-term planning. Learn what every business owner needs to understand about buy-sell agreements, and why it’s important to have them in place.
The most successful business owners know when and how to use tools, such as the Marketability Assessment, to increase the return on the investment in their business.
In this short video, we introduce Mario and Maria. Both own successful businesses and have decisions to make when it comes to determining the value and marketability of their businesses as they consider their exits.
SMRU 5042201 | exp. 11/29/24
SMRU 1907015 | exp. 7/20/23