POST CATEGORY : Finance

Estate Planning for CEOs: What Are the Things to Consider?

Estate planning is a critical financial responsibility, but for high-net-worth individuals like CEOs, it becomes a complex, high-stakes endeavor that blends personal legacy with business continuity. As stewards of significant wealth, equity holdings, and often family-owned enterprises, CEOs must approach estate planning with a heightened level of strategy and foresight.

Estate planning

This article breaks down the essential considerations that CEOs must weigh to protect their legacy, ensure seamless succession, and minimize financial disruption.

1. Understanding the Scope of Your Estate

Unlike the average professional, a CEO’s estate often includes a diversified mix of assets:

  • Equity in private or public companies
  • Deferred compensation plans
  • Restricted stock units (RSUs)
  • Trust interests
  • Real estate and private investments
  • Ownership stakes in startups or family businesses

The first step in estate planning is a comprehensive audit of all assets.…

Continue reading →

Why Rapidly Expanding Businesses Must Master Right-of-Use Asset Accounting

Growth is often the name of the game. Startups race to open new offices, retailers scale by launching new storefronts, and logistics companies expand their fleet to meet demand. But with aggressive expansion comes a lesser-known challenge: how to account for leases accurately and consistently.

Right-of-Use asset accounting

Under modern lease accounting standards like ASC 842 and IFRS 16, businesses must recognize most lease agreements as Right-of-Use (ROU) Assets on the balance sheet—along with corresponding lease liabilities. For high-growth companies, where new leases are signed frequently across geographies or business units, this accounting treatment is far from trivial.

Failure to properly manage ROU assets can lead to distorted financial statements, audit complications, and even misinformed strategic decisions.…

Continue reading →

IRS Tax Changes and Adjustments for 2025: Expert Insights from William Martensen

William Martensen is a seasoned enrolled agent and founder of Martensen Tax & Financial in San Juan Capistrano, California. With more than 15 years of experience and a client base exceeding 600 individuals and businesses, he delivers comprehensive services that range from tax planning and preparation to IRS audit representation, conflict resolution, and virtual consultations.

William Martensen

photo credit: WilliamMartensen.com

A graduate of the University of Arizona’s Eller College of Business, Mr. Martensen is widely recognized for translating complex tax regulations into clear, actionable strategies that minimize liabilities and manage risk. His commitment to integrity and community service further underscores his credibility as a trusted authority in tax and financial matters.…

Continue reading →

What’s the Average Length of Car Ownership in the US?

If you lease a vehicle, you may plan to have it for just a couple of years. If you buy one, though, you might plan on having it for a much longer time. That assumes, of course, that the vehicle does well for you and fulfills all of your needs.

Car ownership

You can look into bad credit car loans, Salt Lake City residents, if you don’t have the best credit score but still need a vehicle. As you get your car, though, you may wonder what the average length of time is that someone owns a vehicle in the US. We’ll take a moment to talk about that right now.…

Continue reading →

The Silver Squeeze 2025: Why Investing in Silver Is the Way to Go

While gold hogs the spotlight in 2025’s volatile market, silver is quietly making its case — and fast. Trading near $42 per ounce as of late April, silver has surged over 35% year-to-date, significantly outperforming most asset classes. But unlike gold, silver isn’t just a hedge; it’s a hybrid. It’s both a precious metal and an industrial workhorse — and that dual identity makes it uniquely positioned for the challenges ahead.

Silver bullion

photo credit: Merwak / Pexels

Silver isn’t simply trailing gold’s coattails. It’s catching up to a reality investors can’t ignore: supply is constrained, demand is surging, and the financial world is waking up to silver’s strategic importance — from energy transition to de-dollarization.…

Continue reading →

Triple SSS Sports Cards’ Guide to the Most Iconic Baseball Cards of All Time

Based in Shelby Town, Michigan, Triple SSS Sports Cards is a premier online destination for vintage sports card enthusiasts. Founded by Mike and Mark Skerbe, the company has established itself as a trusted name in the industry with over 30 years of expertise. Specializing in appraisals and acquisitions of pre-1970 non-sports trading cards,

1954 Bowman Mickey Mantle baseball card

1954 Bowman Mickey Mantle baseball card – photo credit: cc0

Triple SSS Sports Cards offers collectors an extensive inventory of professionally graded cards. Actively engaging in major sports card shows and private transactions, the company has built a reputation for quality and service, making it a go-to source for card traders nationwide.…

Continue reading →

Michael Wolfe on Building Long-Term Financial Security – Key Retirement Strategies

A trusted advisor and martial arts trainer in Greenville, SC, Michael Wolfe brings decades of experience in financial services and community leadership. Since 2013, he has worked at Edward Jones, where he specializes in guiding individuals and nonprofits through comprehensive estate and legacy strategies. His expertise is backed by a strong academic background, including a PhD in history of religion from the University of Virginia and business leadership training from Duke University.

Retirement planning

In addition to his financial advisory role, Michael is a fourth-degree black belt and offers martial arts instruction to adults and children in Greenville. His holistic approach to discipline, planning, and personal growth positions him as a respected voice in financial planning and retirement strategy.…

Continue reading →

Tara Allyson Presta on Investing in Multifamily Properties

Tara Allyson Presta, a seasoned entrepreneur and business owner based in Newport Beach, California, brings extensive experience in property management and investment. As the former owner and operator of multiple businesses, including the Ramada Inn in Grand Junction, Colorado, and The Inn in Rock Springs, Wyoming, Ms. Presta has developed a keen understanding of real estate and asset management.

Multifamily properties

With a strong academic background in computer sciences, mathematics, and accounting, she combines analytical expertise with real-world business acumen to navigate the complexities of property investments. Her deep knowledge of the hospitality and real estate sectors positions her as a credible authority on multifamily property investments, helping investors maximize returns while mitigating risks.…

Continue reading →

Trust Fund Recovery Penalty: How Small Business Owners Can Protect Their Assets from IRS Action

IRS TFRP business protection

  • Trust Fund Recovery Penalty (TFRP) Risks: Small business owners may be personally responsible for unpaid payroll taxes, risking personal assets like homes and savings. 
  • Common Mistakes: Cash flow issues lead to unpaid payroll taxes, and failing to designate payments properly increases personal liability. 
  • IRS Enforcement: The IRS aggressively pursues responsible individuals, including business owners, officers, and check signers, even in bankruptcy. 
  • Prevention Strategies: Prioritize payroll taxes, correctly allocate payments, verify payroll providers, and seek expert help to avoid severe financial consequences.  

Running a small business comes with financial challenges, but few are as devastating as the IRS’s Trust Fund Recovery Penalty (TFRP).…

Continue reading →

Tranzbase: The Future of Seamless Online Banking and Transactions

In today’s fast-paced digital world, businesses and individuals require a reliable, efficient, and secure online payment platform to manage financial transactions. Tranzbase is a game-changing online banking solution that simplifies global and domestic money transfers, ensuring seamless financial operations. Whether you are looking for remote account opening, business money transfers, or international transactions via SWIFT, SEPA, FPS, or CHAPS, Tranzbase has you covered.

Tranzbase online banking

This article will explore the features, benefits, and advantages of Tranzbase while shedding light on why it is becoming a preferred choice for financial transactions worldwide.

What is Tranzbase?

Tranzbase is an innovative online payment platform designed to facilitate banking operations with ease.…

Continue reading →