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Succession Planning for Professional Services Practices: Preparing to Sell, Merge, or Pass the Firm to the Next Generation

What happens when it’s time to step back from running your professional services firm? Is there a clear path for the future of your business? In this article, we’ll go over how to create a solid succession plan, whether you’re looking to sell, merge, or pass the firm...

How to Maximize the $40,000 SALT Deduction in 2025 Under Trump’s New Tax Law

The One Big Beautiful Bill (OBBB) signed by President Trump includes a federal cap on the state and local tax (SALT). Until 2024, SALT was capped at $10,000 under the 2017 Tax Cuts and Jobs Act (TCJA), but the OBBB increased it to $40,000. The cap will rise by 1% each...

How Tariffs, Economic Uncertainty, and the One Big Beautiful Bill Are Impacting Small Business Earnings

Small businesses are finally seeing signs of life after a rocky few years. Since January, average earnings have climbed by 75%. That’s an encouraging statistic, yet monthly revenues still lag behind the record highs of the past two years. This signals that progress is...

Americans Spend Hours Thinking About Money: Financial Stress, Its Impact, and Practical Solutions to Ease Worries

Recent surveys reveal that Americans spend hours each week thinking about their finances. Rising prices, mounting debt, and uncertainty about the future all contribute to financial stress. Add in steep housing costs, concerns over tariffs raising the price of goods,...

How Small Retailers Can Use Local Partnerships to Drive Foot Traffic and Boost Sales

Small retailers have a rough go competing against big chains and e-commerce giants, but there’s one thing these smaller stores have that Amazon doesn’t: community. Local stores have the opportunity to build connections with their customers. Building partnerships...

Why 2025 Is the Perfect Time to Start or Buy an Independent Veterinary Practice

A noticeable trend in 2025 points to a resurgence in independent veterinary ownership. In an era dominated by corporate consolidation, 2025 is shaping up to be a turning point — especially for veterinarians ready to reclaim ownership, redefine care models, and build...

Why the One Big Beautiful Bill Act Could Be a Lifeline for Small Businesses Facing Tariffs and Inflation

As small business owners face continued inflation and rising tariffs, the One Big Beautiful Bill Act (OBBB) could provide critical financial relief for Main Street businesses. By extending key provisions from the Tax Cuts and Jobs Act of 2017 (TCJA), the legislation...

Understanding How Trump’s One Big Beautiful Bill Affects Social Security Benefits

President Trump’s “Big Beautiful Bill” has been making headlines, particularly for what it could mean for older Americans collecting Social Security. While many headlines have suggested that the bill would eliminate taxes on Social Security benefits, that’s not...

How to Transfer an SBA Loan: Rules, Restrictions, and What’s Allowed

Transferring an SBA loan isn’t a straightforward process. Whether you’re selling your company or planning for a family succession, understanding how to transfer an SBA loan and what’s legally allowed is critical for staying compliant and protecting your finances. In...

Surprising 401(k) Features That Can Boost Your Retirement Savings

A 401(k) is often thought of as a set-it-and-forget-it kind of account—set a contribution amount, bank on a company match, and let the market do its thing. But if you haven’t checked in on your plan lately, you might be missing out on some significant new features....

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