Tax Bite: Is a Roth IRA conversion right for you this year?

If you have a traditional IRA, you might benefit from converting some or all of it to a Roth IRA. A conversion can allow you to turn tax-deferred future growth into tax-free growth. It also can provide estate planning advantages: Roth IRAs don’t require you to take...

Growing Smart with ERP

With over 30 years’ experience working with clients in the manufacturing and distribution industry as well as participating in the trials and triumphs of a family owned tool and die company, I have spent a lot of time observing why some companies thrive, some coast...

Tax Bites: Installment sales offer both pluses and minuses

A taxable sale of a business might be structured as an installment sale if the buyer lacks sufficient cash or pays a contingent amount based on the business’s performance. An installment sale also may make sense if the seller wishes to spread the gain over a number of...