Tag Archives: Tax Planning

Episode 26 – Looking at the M&A Landscape Through a Legal Lens –– With Paul Johnson of Procopio

Most business owners don’t realize the importance of compliance until they take their business to the market and are bombarded with questions from prospective buyers.

In part three of our M&A series, Derek Myron joins Paul Johnson, partner at Procopio, to discuss the key legal aspects of every M&A deal. Join them as they address the common complications that may arise, from a legal and compliance standpoint, while selling your business. They also provide several tips to help you get everything in order well before the time of the sale.

You will learn:

  • The expected market trends for 2021 – and various business and legal risks posed by COVID-19
  • How a potential increase in capital gains taxes might affect your business decision
  • Reasons to start preparing at least 12 months prior to the sale
  • How the initial price on a Letter of Intent (LOI) can decrease subject to multiple factors
  • The importance of consulting a lawyer that specializes in M&A instead of your general counsel
  • And more!

Tune in now to gain a deeper understanding of the legal components of M&A!

Resources: Centura Wealth Advisory | Derek Myron on LinkedIn | Paul Johnson on LinkedIn | Procopio

Episode 25 – The M&A World: How To Get the Best Value for Your Business –– With Eliot Peters of RA Capital

The sale of a business is probably the most important transaction for every business owner and their family. It’s a life-changing event.

In part two of this M&A series, Derek Myron talks to Eliot Peters, managing director at RA Capital Advisors, to explore the growing opportunities in the M&A space. Considering that interest rates are at an all-time low and there are an increased number of strategic buyers, now might be the best time to get maximum value for your business.

You will learn:

  • What key macro forces are influencing the M&A landscape
  • Reasons to not rush into any decisions about selling about your business (and what to do instead)
  • Ways that the expected tax regime might affect your business sale
  • How to organize your company to look and feel more professional for  buyers
  • How RA Capital helps family-led businesses enter highly beneficial M&A deals
  • And more!

Tune in now to discover the increasing opportunities in the M&A world and get several tips on maximizing your business value!

Resources: Centura Wealth Advisory | Derek Myron on LinkedIn | Eliot Peters on LinkedIn | Email: Epeters@raca.com | RA Capital Advisors

Episode 24 – What Is In Store Under the Biden Administration Tax Regime and How You Can Prepare

Now that we’re through the elections, and the Senate runoff, it’s time to look at the expected tax and estate law changes coming down the line under the new administration.

In this episode, Derek Myron and Kyle Malmstrom discuss some of the major tax changes expected to be announced in the coming years. They dive into various strategies to minimize the impact of the increased income and estate taxes on your finances.

In this episode, you will learn:

  • The potential implications of the Biden Administration’s proposed income tax reforms 
  • Ways to effectively transfer your wealth to your children with minimal taxes
  • How the Spousal Lifetime Access Trust (SLAT) helps you use your estate tax exemptions more efficiently
  • Why you must start planning early to benefit from multiple options that might not be available once legislative changes are enacted
  • How to make the most out of the current low interest rate environment
  • And more!

Tune in now to learn how you can be proactively prepared for the expected tax changes!

Resources: Centura Wealth Advisory | Derek Myron |  Kyle Malmstrom 


Episode 23 – Why You Must Consider Selling Your Business Through the ING Trust Strategy – Part One — With Guest Mark Morris

Business owners in California: Do you plan to sell your business in the near future?

If so, we have a way for you that can help you minimize taxes – the ING trust. But hurry up, because this option might not be available next year to California residents!

In this episode, Kyle Malmstrom is joined by Mark Morris, Senior Tax Counsel at LevitZacks, to discuss how the ING strategy can help you with your business sale by substantially reducing your state income tax on the sale. They also discuss some other scenarios where this strategy can be equally impactful at the federal level.

In this episode, you will learn:

  • The major hurdles that the ING strategy helps you overcome
  • What the new California legislative proposal entails – and its implications, if it’s successfully passed
  • Why Mark strongly recommends that the sale of the business happens this year for optimal results, but options if it doesn’t
  • How to take advantage of the ING trust even if you don’t yet have a buyer for your business
  • And more!

Tune in now to learn how you can make the most out of ING while it lasts!

Resources: Centura Wealth Advisory | LEVITZACKS | Mark Morris | Episode 11 – WINGs, NINGs, DINGs. And Other ThINGs – With Mark Morris of Levitzacks

Episode 22 – How Small to Medium Businesses can Leverage Fractional CFO/Accounting Services to Help Their Business Grow – with Guest Jennifer Barnes, CEO of Optima Office

Optima Office provides their clients with fractional CFOs, accounting services and HR services to help drive profits and reduce risks with their tailored business solutions.  

In this episode, Jonathan Freeman speaks with Jennifer Barns, CEO and Founder of Optima Office to discuss her inspiring story of how she started her business, the growth she’s experienced with business owners of all types and industries,  and how they may be able to help you!

In this episode you will learn:

  • What are fractional accounting services, who is Optima Office and who the company serves
  • The start-up story of Jennifer Barns and Optima Office
  • What Jennifer does for business owners, and how Optima differs from their competition
  • The client base of Optima Office — and who may not be the right fit
  • What CFO support is and whether your business should utilize it
  • How business owners can prepare for 2021 and their business plan
  • And more!

Tune in to learn more about Optima Office and how they can help your business succeed!

Resources: Centura Wealth Advisory | Jonathan Freeman | Jennifer Barns | Optima Office

Episode 21 – Boost Your Business Retirement Plan Strategy – with Guest Tom Burns

Whether it’s for employee retention, tax planning, or a combination of the two, creating a retirement plan for yourself and your employees is a cornerstone of planning as a business owner. 

In this episode, Kyle Malmstrom speaks with Tom Burns, president at Premier Plan Consultants, to discuss the business retirement planning process. Tom explains the importance of involving a third party administrator like Premier Plan Consultants in order to develop a strategy specific to your business goals.

In this episode you will learn:

  • How COVID, and the new laws it brought into effect, have impacted business retirement planning
  • The tax planning tools that come into play with retirement planning for your business
  • How employee benefits compare to owner benefits in your retirement plan
  • The steps you should be taking in your planning in 2021
  • And more!

Tune in to take the first step to align your retirement plan with your business goals.

Resources: Centura Wealth Advisory | Kyle Malmstrom | Premier Plan Consultants | Tom Burns

Episode 20 – Marketing During a Pandemic: What Changed in 2020 and How do Business Owners Need to Adapt – with Sharon Spooler of Chief Outsiders

When it comes to marketing, businesses need to  constantly evolve to keep up with new trends and techniques that will help attract prospects to their product or service. With the global shutdowns and necessary transformation to doing business in a virtual environment, some business owners have been able to adapt and in some cases thrive.

In this episode, Jonathan Freeman speaks with Sharon Spooler, Area Managing Partner at Chief Outsiders, to discuss how businesses can ramp up their virtual marketing efforts in the midst of a pandemic.

In this episode you will learn:

  • What distinguishes a successful company in terms of their marketing efforts 
  • Typical reactions from business leaders marketing activities during difficult climates
  • How business “pivoted” as a result of the pandemic, a strength of those who prospered
  • Key trends that continue to show success in marketing in this new environment
  • How to determine if you need to increase spending in marketing to improve your ROI
  • And more!

Tune in to pivot your focus to start delivering value to your customers!

Resources:  Centura Wealth Advisory | Jonathan Freeman | Chief Outsiders | Sharon Spooler

Episode 19 – Potential Tax Implications from 2020 National and California State Elections

Tax planning is as important as ever, and based on the recent elections it may have an impact on your personal and business income tax situation. 

In this episode, Kyle Malmstrom and guest Ken Van Damme, tax partner at Ernst and Young, give listeners guidance for some tax solutions to put into action. Kyle and Ken raise concerns about why you should be making immediate decisions and acting accordingly to save you money. 

In this episode you will learn:

  • Why Joe Biden’s tax plan matters for your individual or business planning
  • What estate tax exemption is and how it works
  • About income and estate taxes under Biden’s plan
  • About the several programs that may be implemented when Biden takes office
  • What a sunset provision is and the impacts of the provision
  • California propositions and legislation targeting high-income earners
  • And more!

Tune in now to learn more about how to plan for the new tax environment!

Resources: Centura Wealth AdvisoryKyle Malmstrom | Ernst and Young | Kenneth Van Damme 

Episode 18 – The World Of Alternative Investments

Alternative investments offer higher potential returns, and several benefits you won’t find from traditional investments.

Today, Kyle Malmstrom and David Cariani (Co-CIOs) introduce listeners to the world of alternative investments. Kyle and David share what types of alternative investments there are, how they’re structured, their potential risks and benefits and more.

In this episode, you will learn:

  • How most alternative investments are structured
  • The potential risks and benefits involved with alternative investments
  • How alternative investments help diversify your portfolio
  • How you can discover what alternative investments are best for you
  • What you should be looking for when getting into alternative investments
  • And more!

Tune in now to learn all about alternative investments.

Resources: Centura Wealth Advisory ; David CaraniKyle Malmstrom | Centura Investment Philosophy 

Episode 17 – Your Guide to Buy-Sell Agreements in 30 Minutes –– With John Parise and Michael Parise

Too many new business owners overlook the importance of having a buy-sell agreement.

If a business partner becomes disabled, passes away, or departs the business, they leave the future of their business on shaky ground and open to costly disputes with the remaining partners. 

Today, Jonathan Freeman is joined by John Parise and Michael Parise of Copper Beech to discuss buy-sell agreements. 

The father-son pair uncover why buy-sell agreements are important, best practices for avoiding additional stress and legal bills, and what events trigger a transfer of ownership.

In this episode, you will learn:

  • What buy-sell agreements are and why every business needs one
  • Which type of buy-sell agreements is right for your business
  • What voluntary and involuntary trigger events can initiate a transfer of ownership
  • What to consider when drafting a buy-sell agreement so that it’s tax-efficient 
  • And more!

Tune in now to learn more about buy-sell agreements!

Resources:  Centura Wealth Advisory | Copper Beech Financial Group