SPECIAL REPORT | 12/07/2024 Transitioning out of a business is a significant milestone—one that presents opportunities for growth, security, and purpose. At Chartered Consulting, we specialize in guiding business owners through the complexities of wealth planning post-transaction to ensure a seamless transition into their next chapter. Understanding the Opportunities and ChallengesA business sale often results …
SPECIAL REPORT | 11/27/2024 Leadership transitions are pivotal moments in the life of any business. At Chartered Consulting, we understand that succession planning is essential to ensuring a seamless transition, protecting the company’s legacy, and setting the stage for continued growth. Why Management Succession Planning MattersSuccession planning goes beyond identifying a replacement for key leadership …
NONPROFITS | 11/15/2024 The future of nonprofit organizations under potential new tax policies has been a subject of extensive discussion and analysis. As nonprofits play a pivotal role in serving communities and advancing social causes, understanding potential changes to tax policies is crucial for effective planning and strategy formulation. Context of current tax policies The Tax Cuts …
INDUSTRY | 11/14/2024 Following Donald Trump’s 2024 election win, the construction industry is poised for significant changes as the administration’s proposed tax policies take shape. With potential corporate tax cuts, enhanced domestic production incentives, and shifts in environmental policy, construction firms will encounter both new opportunities and challenges. Here’s what to expect and how to …
BUSINESS MANAGEMENT | 11/13/2024 Plan Your Business’s Future: Succession and Owner Transition Strategies The impending generational wealth transfer underscores the importance of effective business succession and transition planning. Preparing for the future can help define your company’s trajectory, secure your legacy, and protect your wealth. Transitioning a business is complex, but proactive planning, adaptability, and …
GIFT & ESTATE | 11/02/2024 Estate Planning: Securing Your Legacy and Reducing Taxes When it comes to your estate, thoughtful planning is essential to ensure your assets are distributed according to your wishes while minimizing estate taxes and other expenses. The potential expiration of the enhanced estate and gift tax exemptions under the Tax Cuts …
CONSUMER | 11/08/2024 The incoming President-elect Donald Trump administration’s suggested policies could have a significant impact on the retail sector. The costs of consumer goods, labor policies, interest rates, and the prospect of what may happen if the Tax Cuts and Jobs Act (TCJA) of 2017 sunsets in 2025 could all become major factors in …
SPECIAL REPORT | 10/30/2024 In today’s dynamic global market, intangible assets—such as intellectual property (IP), technology, and brand equity—are increasingly critical to a company’s growth and competitive edge. At Chartered Consulting, we help businesses navigate the complexities of managing intangible assets across borders to unlock their full potential and achieve sustainable success. The Importance of …
INDIVIDUAL TAX | 10/18/2024 If you have a high income, you may be subject to two additional taxes: the 3.8% Net Investment Income Tax (NIIT) and the 0.9% Additional Medicare Tax on certain earnings. Here’s an overview of how these taxes work and strategies to help minimize their impact. 1 The 3.8% Net Investment Income …
INDIVIDUAL TAX | 10/12/2024 Remote work has become a lasting arrangement for many industries, offering flexibility and benefits for both employers and employees. However, working remotely, especially across state lines, can lead to unexpected tax consequences. Whether you’re an employee or an employer, understanding these implications is essential to avoid surprises and ensure compliance. Tax …