News

All items tagged with: family business

Defusing Business Succession Challenges

Posted: February 19, 2019 By: Jenifer Bartman
Posted in: Strategic Thinking , succession planning, Evelyn Jacks, business succession, Jenifer Bartman, Defusing the Family Business Time Bomb

Business owners may believe they “have it all figured out” in planning for the future sale of their business, which can bring a false sense of security at the worst possible time. It’s a topic addressed by authors Evelyn Jacks and Jenifer Bartman in their new book Defusing the Family Business Time Bomb.

10 Reasons to Prioritize Succession Planning

Posted: February 05, 2019
Posted in: Strategic Thinking , succession planning, Evelyn Jacks, business succession, business leadership, Joanne Sigurdson, Jenifer Bartman, Executive Business Growth Specialist, Defusing the Family Business Time Bomb

Family businesses are facing the most explosive challenge in a generation.  A new book by Jenifer Bartman and Evelyn Jacks addresses the challenge head on, and explains how advisors and their clients who are business leaders can defuse this potential time bomb: late succession planning.  Advisors can also shore up their professional skills by studying the problem in depth in a new certificate course from Knowledge Bureau.

Business Owners: Beware the Demographic Trap

Posted: January 29, 2019 By: Jenifer Bartman
Posted in: Strategic Thinking , succession planning, Evelyn Jacks, entrepreneur, leadership, business succession, Jenifer Bartman, business leader, Defusing the Family Business Time Bomb

Who will inherit the family business?  What will it be worth when time for transition comes? Why is this issue so difficult to discuss? There are many reasons, but demographic change is bringing it to the forefront and for these reasons, planning needs to happen sooner rather than later, according to a new book by Jenifer Bartman and Evelyn Jacks, entitled Defusing the Family Business Time Bomb.

When is the Right Time for Business Succession?

Posted: January 22, 2019
Posted in: Strategic Thinking , succession planning, Evelyn Jacks, entrepreneur, family wealth, business succession, business management, Defusing the Family Business Time Bomb

Transitioning a business can be an emotional period of your life as an entrepreneur. True leaders, however, embrace the fact that businesses need succession plans and that sometimes these businesses can even outgrow the skills of the founder. Knowing when to let go is probably the hardest business decision you will make as a business but your trusted tax and financial advisors can help.

New and Available in January! Defusing the Family Business Time Bomb

Posted: January 08, 2019
Posted in: Strategic Thinking , Real Wealth Management, small business, succession planning, Evelyn Jacks, family business, leadership, family wealth, Jenifer Bartman, Defusing the Family Business Time Bomb, business book, tax book

A new book by Jenifer Bartman and Evelyn Jacks will be released next week by Knowledge Bureau. It addresses a common family secret that plagues millions of Canadians from coast to coast: what to do with the family business time bomb at a time when boomers are contemplating retirement.

A Sigh of Relief Regarding Passive Investment Income: But No Grandfathering

Posted: March 06, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , Financial Literacy, small business finance, knowledge bureau, Evelyn Jacks, corporate tax, tax courses, finance minister, income splitting, tax education, tax reform, CE summits, Liberal government, Morneau, unfair tax changes, family businesses, tax workshops, financial workshops, online education, private corporation tax, passive investment income, budget 2018, small business deduction, grandfathering tax provisions, aggregate investment income, frostiak and leslie

Two new measures were introduced in the February 27, 2018 budget that curtail the advantages of investing inside a private corporation, starting in 2019. All was met with a collective sigh of relief, considering the flawed fall proposals. However, there is still a twist - no grandfathering provisions for private corporations under two new proposals: