taxable income

Business Insurance Checklists

The hardest part in working with business owners is getting them to purchase the life insurance they need. However, once the buying decision is made, the next most difficult challenge may be getting the insurance carrier to issue the amount applied for. Packaging the case is critical, particularly when large amounts are being requested. The […]

Business Insurance – Case Study

We’re focusing this month on various business strategies as part of our quarterly theme Let’s Get Down to Business. A situation recently came across the desk of our advanced planning attorney that illustrates the distinct DBS advantage: we have the advanced resources that work for you and your clients! SITUATION A business owner wanted to […]

Consider the No-Sell Buy-Sell Strategy

Building a successful business is not an easy task. Often, entrepreneurs and their families place personal needs second to business demands during the start-up and growth years. As the years pass, the business begins to appreciate, with prosperity just around the corner. However, the untimely death of the entrepreneur may mean that rewards never materialize […]

Key Person Facts at a Glance

Oftentimes, the most valuable assets of any business are the key people who contribute most to its success. They generate revenue, handle major responsibilities and have a unique wealth of knowledge that seems irreplaceable. Help your clients consider the amount of time and money it would take to replace their top talent. If their loss […]

Post Tax Reform Business Planning: Pass-Through Business Entities

One of the most significant and confusing provisions of the 2017 tax legislation is the qualified business income (QBI) deduction for pass-through business entities. Pass-through businesses account for about 95% of U.S. businesses and include sole proprietorships, partnerships, LLCs and S corporations. So, the impact of the legislation is significant and likely impacts most financial […]