Business Operations

Employers that provide paid family and medical leave to their employees may have a greater opportunity to benefit from a federal tax credit following recent changes under the Working Families Tax Cuts.

The employer credit for Paid Family and Medical Leave (PFML) has been made permanent, and several enhancements have expanded who and what may qualify. For business owners, this makes it a good time to review existing leave policies and benefits and determine whether the credit could provide additional tax savings.

What Is the Paid Family and Medical Leave Tax Credit?

Eligible employers can claim a general business tax credit ranging from 12.5% to 25% of qualifying wages paid to eligible employees for up to 12 weeks of family and medical leave during a taxable year.

Qualifying leave may include time away from […]

Family offices are created to manage complexity, but many of the operational challenges they face are familiar: attracting and retaining talent, maintaining continuity, coordinating multiple advisors, and building reporting processes that keep pace with an evolving wealth structure. As families expand their investment holdings, entity structures, philanthropic activities, and administrative needs, the demands on the family office often grow as well.

For some families, those demands raise a practical question: should every function remain in-house, or are there areas where outsourced support may provide added structure, continuity, and coverage? Increasingly, families are considering outsourcing not as a replacement for the family office, but as a way to strengthen it.

Operational Challenges Family Offices Face

One of the most persistent challenges is talent. Although the family office sector has grown significantly, the number of […]

Many conversations about the qualified small business stock (QSBS) regime begin when a stock sale is already on the horizon. By then, the risk that key eligibility requirements may not have been met, tracked, or documented when it mattered most — at formation, during early rounds of capitalization, or when equity was issued to founders, employees, or investors — may be realized. That’s why QSBS is often as much an entity choice and governance discussion as it is a transaction-planning topic.

One foundational requirement of the QSBS rules is that to qualify for QSBS treatment, the stock must be issued by a C corporation and remain C corporation stock for “substantially all” of the shareholder’s holding period. For companies weighing entity structures, the possibility of qualifying for QSBS treatment is one […]