small Business

An Honest Look at Saving Taxes by Relocating from California or New York

Topics: Business Tax, Estate, Estate planning, Estate tax, legacy planning, Personal Tax, small Business, Tax Insights, taxes

Market Trend: Individuals and businesses in high tax jurisdictions have been expressing unprecedented interest in relocating to states with more manageable tax regimes. This is especially the case with business owners looking to sell their businesses. But whether this trend rises to the level of an “exodus”—as many characterize it—is up for debate. The impetus...

President Biden Signs 1.9 Trillion Dollar COVID Relief Legislation

Topics: 162(m), COVID, EIDL, Employee benefits, MEPs, PPP, small Business

On Thursday afternoon, President Biden officially signed the American Rescue Act, a 1.9 trillion-dollar relief package aimed at getting the country through the hopefully final stages of the pandemic as vaccinations ramp up. Much of the big-ticket items have been well reported since their introduction by the President back in January. In addition to the…

PPP March Highlights

Topics: highlights, PPP, small Business

By: Finseca Staff March 1 2021 If you or your clients have taken a PPP loan or are considering doing so before the program is scheduled to expire on March 31, read on. On Feb 25th CO by the U.S. Chamber of Commerce hosted a Small Business Town Hall with White House National Economic Council…

Business Organizations Foundations

Topics: Firm Development, small Business

TOPIC: Business Organizations Fundamentals: Which Entity Choice is Right for your Business? MARKET TREND: As businesses of all types reflect on the goals they hope to achieve in the new year and beyond, now is the time to consider if a current organization is best suited to reaching those goals, both short- and long-term. SYNOPSIS:…

Finseca Policy Deep Dive 1.12.2021: Low Interest Rate Relief for Life Insurance, PPP and ERTC for Your Business and Clients

Topics: 7702, PPP, small Business

Contained in the year end package were provisions of particular relevance for Finseca members and their clients, especially small businesses. Low Interest Rate Relief for Clients and Carriers with Update to Section 7702 of the Tax Code Access to permanent life insurance is an essential tool in developing financial security for people. Robust product availability…