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How Might Joe Biden's Tax Proposals Affect You?


How Might Joe Biden’s Tax Proposals Affect You?
Friday, May 14, 2021
On April 28, 2021, President Joe Biden presented his proposed “American Families Plan” in an address to the nation. The address set forth hoped-for “once in a generation” investments focused on benefits to American families. These investments included expanded government-funded education, increases in various child and earned income credits, paid leave proposals, and reformation of unemployment insurance programs. The cost of such investments, as well as various investments in traditional infrastructure programs, is expected to be borne, at least in part, by various tax law changes.
This article will focus on the tax mechanisms outlined by President Biden to fund the American Families Plan. As one reviews this summary, it is important to keep in mind that none of the changes outlined below have been presented to Congress as a comprehensive legislative package. They are merely conce ....

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Business groups issue succession planning guide


Business groups issue succession planning guide
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The SME ombudsman has released a new online guide to succession planning, which includes tips on how to handle family conversations during the transition phase.
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and Family Business Australia (FBA) have released an online guide to business succession planning.
The
Introductory Guide to Family Business Succession Planning – which has been co-produced by FBA and the ASBFEO office, provides a step-by-step guide to passing the family business on to the next generation, the ombudsman and FBA said.
According to the groups, the guide has come after the latest available data from KPMG on the subject showed that just 17 per cent of Australian family businesses have a unifying plan for the business’s future. ....

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Small Business Ombudsman and Family Business Australia co-release new family business succession planning guide


Small Business Ombudsman and Family Business Australia co-release new family business succession planning guide
March 10, 2021
FBA chairman Mark Kagan, incoming small business ombudsman Bruce Billson, small business ombudsman Kate Carnell and FBA chief executive Greg Griffith. Source: supplied.
Family-run businesses now have access to a succession planning guide designed to help them formulate a plan for passing their businesses on to the next generation.
Co-released by Family Business Australia (FBA) and the Australian Small Business and Family Enterprise Ombudsman (ABSFEO) on Monday, the guide provides step-by-step instructions on how a family business can plan for the successful transition of ownership and management within the family. ....

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