As we approach the end of the year, now is the time for individuals, business owners, and family offices to review their 2024 and 2025 tax situations and identify opportunities for reducing, deferring, or accelerating their tax obligations.

The current tax landscape offers a unique opportunity to transfer wealth across generations with optimal tax efficiency. However, the beneficial provisions of the Tax Cuts and Jobs Act (TCJA) will sunset at the end of 2025, which may significantly impact estate planning strategies. With this in mind, high-net-worth families and individuals should consider the available strategies to mitigate future tax liabilities and preserve wealth for future generations.

For business owners with significant holdings, estate tax liabilities can pose unexpected and considerable challenges, potentially disrupting both the payment of estate taxes and the ongoing operations of the business. Developing a tax-efficient business succession plan is crucial to preserving wealth while ensuring the smooth transfer of business ownership.

Exit planning is essential for business owners aiming for a seamless and valuable sale process. Engaging early and consistently reviewing value-adding initiatives can significantly enhance the outcome when it’s time to sell.

Working capital is an extremely important part of any transaction and often causes confusion. It is important buyers and sellers fully understand the importance of the working capital PEG and how it affects the business transaction.

EHTC CPA and Assurance Services Manager, Mark Langejans, dives into the world of Assurance Services, particularly focusing on business audits.

As we gear up for the approaching tax season, we understand that this time of year can be accompanied by added stress.

At EHTC, we are committed to making your experience as smooth and successful as possible. We believe that staying organized and addressing important details ahead of time can greatly alleviate the pressure associated with tax season.

As we approach tax season, it's understandable that the process can become a source of stress! Life changes prompt us to reevaluate our financial strategies, and it might be the opportune moment to contemplate the shift away from opting for  the standard deduction and towards itemizing your deductions. Here’s how to get started!

Starting in 2024, the Corporate Transparency Act (“CTA”) mandates certain entities (primarily small and medium-size businesses) created in or registered to do business in the United States report information about their beneficial owners—the individuals who ultimately own or control a company—to the Financial Crimes Enforcement Network (“FinCEN”).

Growing your professional career can feel overwhelming at times, especially as you try to grow your network and business connections. EHTC Advisory Services Partner, Ryan McCaslin, shares his best advice for making the most of your career and your relationships.

Perhaps you’re looking into tackling your own accounting needs, or maybe you have a friend that can get into your company’s books on the weekend.

Both options may see viable and accessible, but both will likely lead you to more questions, concerns, and missed opportunities.

Acquiring wealth is the first step in building a family wealth enterprise, but only just the beginning. Having access to information that helps you manage the complexities of that wealth and avoid future costly mistakes is critical to long-term success.

The term “due diligence” is one that’s tossed around in a number of business sectors, and can even be heard in everyday, casual conversations. When making a big decision, one might ask: “Have you done your due diligence?” In the simplest of definitions, it’s the careful assessment of the pros and cons of a transaction.

When people think of accountants and finance professionals, they often conjure up images of serious, number-crunching individuals buried in stacks of paperwork, devoid of any fun or excitement. However, at EHTC, we believe in shattering these stereotypes and fostering a vibrant culture that challenges these misconceptions head-on.

No matter how you look at the future, your business is likely to face stresses and opportunities unlike what you have encountered in the past. Threats of a meaningful recession, supply chain disruptions, and challenging talent issues increasing interest rates are just a few of the main players. As a result, your business may not be positioned to respond to these factors, much less capitalize on them.

Finding a good advisor can be difficult and time consuming, but it is worth the extra effort. An advisor that understands your wants, needs, goals and pain points, is key to achieving your or your company’s full potential.

Tax season is fast approaching, and, at EHTC, we know that it can bring added stress to our clients. The best way to mitigate some of that strain is to stay organized and stay on top of all the important details—and resist the urge to procrastinate until late February or March.

At EHTC, we provide more than accounting and tax support for our individual and business clients; we are a full-service CPA firm with a robust, knowledgeable Advisory Services team that has special expertise in valuation and business transactions.

CRM allows for a 360-degree view of the customer to determine the lifetime value of the customer to your business. Considering the various stages of the customer journey is helpful, so you can determine where they might be in the sales cycle, as well as where they fall in the life cycle.

Today’s Microsoft Partner has been through a transformation over the last five (5) years. The Digital Department at EHTC is focused on the digital transformation of our practices and also our client’s organizations.