Peggy's Articles & Media

Navigating the 2025 SECURE 2.0 Act: Key Updates Every Business Owner Needs to Know

The Secure 2.0 Act of 2022 expands on the original SECURE Act of 2019, introducing 92 new provisions to enhance retirement savings opportunities, boost business incentives, and offer greater flexibility for savers. Stay ahead by understanding the final regulations issued by the IRS earlier this year to the Secure (Setting Every Community Up for Retirement)…

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Lower Interest Rates and Its Impact on Company Value and Growth

In mid-September 2024, the Federal Reserve made a significant move by cutting interest rates by 0.50 percentage points to stimulate the economy, addressing concerns about slowing job growth and inflation pressures. This decision, the first rate cut since the early days of the pandemic, was aimed at stimulating the economy by making borrowing cheaper. The…

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Election Year Strategies: How Businesses Can Navigate Policy Shifts and Economic Changes

As Election Day approaches, business owners across the nation often find themselves grappling with a heightened sense of uncertainty. With so much at stake, including potential changes to tax structures, shifts in the economy, and fluctuations in consumer confidence, the landscape can feel unpredictable. This period of political transition can significantly influence strategic planning, investment…

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9 Pitfalls that Can Derail a Business Sale

As a business owner, the idea of an acquisition or merger can be both exciting and daunting. While it can be a great way to expand your business or buy into a new one, the process of M&A is complex, and there are many potential pitfalls to avoid. Poor acquisitions can lead to the loss…

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6 Questions Every Business Owner Should Ask

Inventor Albert Einstein is famously credited for saying, “It’s not that I’m so smart, but I stay with the questions much longer.” Companies that are deliberate in asking the right questions, and drilling down on the tough answers will have greater success in reaching sustainable financial health and long-term business success. You cannot lead what…

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Navigating Mid-Year: Assess, Pivot, and Thrive!

As we reach the mid-point of 2024, it’s a strategic time to gauge how well your business is progressing. If you’re unsure, you’re not alone — many CEOs and owners grapple with diverse challenges in today’s high-cost and uncertain economy. That’s why conducting a thorough Mid-Year Assessment is essential. By evaluating your business’s health, you…

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Financial Vigilance: The Business Owner’s Guide to Preventing Embezzlement

Embezzlement is a serious financial crime that occurs when a trusted individual within a business unlawfully misappropriates funds or assets for personal gain. This betrayal of trust not only results in financial losses for the company but also inflicts a deeper wound by breaching the faith placed in the perpetrator. Safeguarding against embezzlement requires robust…

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When is Right Time to Hand Off Your Business: A Strategic Guide

As a business owner, the decision to hand off your beloved enterprise is both momentous and emotional. Whether you’re contemplating retirement, pursuing new ventures, or simply recognizing the need for change, timing plays a critical role in this significant transition. In this article, we explore the considerations for determining the right moment to pass the…

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Demystifying the Employee versus Independent Contractor Rulings

As business owners continue paving the way through 2024, it is important to keep up to date with the latest regulations, including a final ruling recently issued by the US Department of Labor (DOL) that changes the guidance to determine how workers are classified under the Fair Labor Standards Act (FLSA). The FLSA sets the…

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Planning Your Exit – Maximizing Value And Your Company’s Future Your 2024 To Do List for Exit Planning

Your 2024 To Do List for Exit Planning As a business owner, you have worked tirelessly to build your company into your largest financial asset. However, it is important to start thinking about the future.  Perhaps a sale of your company is something you’ve flirted with but you don’t have all the answers, steps, and…

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