This edition of our newsletter explains the SLAT estate planning strategy and cybersecurity and treasury management trends every business owner needs to know. We also share how to prepare your business should a key internal accounting team member suddenly leave.
Spousal Lifetime Access Trusts (SLAT for short) can be a flexible way to transfer wealth to future generations at current values while allowing your spouse to have access to that same wealth. If you want to take advantage of the current estate tax exemption amounts but aren’t quite ready to give up complete access to your assets, a SLAT could be the right strategy for you. Read the article to learn more.
Understanding Cybersecurity and Treasury Management: Essential Insights for Business Owners
With the increasing sophistication of cyber threats, businesses must implement comprehensive strategies to protect their digital assets and financial operations. On the other hand, Treasury management involves overseeing a company’s financial health, including cash flow, investments, and risk management. Together, these disciplines form the backbone of a secure and financially stable business. This article covers key trends in both areas.
What Happens When Your Internal Accountant Suddenly Quits?
You’re running a busy manufacturing company, and your plate is full of orders, deadlines, and meetings. Suddenly, you receive news that shatters your hopes—your long-time in-house accountant just quit. Concerns about scalability, futureproofing, and talent shortages flood in. Now, you’re tasked with juggling invoices, incoming shipments, and payroll deadlines, all while the financial reports that help you make company-wide decisions come to a stop. This article explores what happens when an accountant suddenly leaves and what you can do about it.
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