S E R V I C E S

Business Succession Planning

For business owners nearing retirement, succession planning can’t be ignored.

At BSB, we help you identify the most effective way to organize the transfer from a personal as well as a business standpoint. There is no “one size fits all” when it comes to developing a succession plan for your business. We are here to help you with a process that makes the most sense for your needs.  

WE ASSIST IN EVAUATING:
  • Value of the business
  • Talents of the future leadership
  • Timing of any changes
  • Buyout of current owners

Navigating the Terrain of the 2024 Revised Uniform Guidance

| NONPROFIT | No Comments
In the realm of federal financial assistance, the landscape is evolving. With the U.S. government disbursing over $1.2 trillion in financial assistance last year alone, the need for a streamlined,…

New DOL Regulations May Bring Clarity to ESOP Valuation Process

| EMPLOYEE BENEFIT PLANS | No Comments
While a legal framework for employee stock ownership plans (ESOPs) was established by the Employee Retirement Income Security Act of 1974 (ERISA), formal guidance for determining the fair market value…

Revisiting Eligibility for Small Business Taxpayer Exemptions

| TAX | No Comments
“An exemption from UNICAP? And no limitation on the amount of business interest expense I can deduct? Sign me up!” Many taxpayers (and their tax return preparers) have eagerly embraced…

Complying with SECURE Act Changes to Long-Term Part-Time Employee Eligibility and IRS Form 5500

| TAX | No Comments
Two significant regulatory changes to retirement plans require immediate attention from plan sponsors, both to ensure current operational compliance and to comply with upcoming deadlines. Many long-term, part-time (LTPT) employees…