Planning for recovery
September 8, 2020
Businesses that can understand shifts in consumer behavior and quickly respond—or even anticipate them—may find it easier to reimagine a long-term business strategy that endures.
August 12, 2020
From cash reserves to financial professionals, here are key ideas to help your business not only navigate the current crisis but also build on your strengths for the long term.
June 1, 2020
From remote work to recordkeeping, here’s how small businesses say they’ve changed their operations in the pandemic—maybe for good, because they like the results.
Frequently Asked Questions (FAQs)
Business owners, particularly those subject to the federal estate tax, may want to consider accelerating any plans for transfers of company shares. While values are down, the value of a gift of shares to a family member can be completed using less of the donor’s lifetime exemption amount and making more efficient use of annual gift tax exclusions. Similarly, business owners wishing to award shares to a key employee, potentially for succession planning purposes, can do so at a lower income tax cost to the employee.
Let the industry or workplace environment serve as a guide. Several industries have detailed guidelines (see "industry-specific help for recovery" above).
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