Banking & Finance

Column: Financial institutions embrace third-party solutions

For the longest time, when a new banking technology or service offering gained steam and customers began seeking it out, banks reacted by building their own proprietary solutions in-house. Big banks could handle this approach because they had scale and deeper resources in their corner; meanwhile, community banks were challenged or slow to provide offerings because of a lack of scale and shallower resources.

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Is 2019 the year you sell your company?

If you are like most privately held or family-held businesses, between 70 percent and 90 percent of your personal wealth is locked up in your business value. Your ability to monetize this wealth at some point will have a significant impact on your financial security and your lifestyle once you do exit from your business.

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Six tax-reform considerations for 2019 and beyond

The passage of the Tax Cuts and Jobs Act in December 2017 ushered in significant changes to the U.S. tax code. From new tax deductions to accounting method changes to succession-planning opportunities, below are some strategies for business owners to consider with a new year underway. As with most tax provisions, there are no cookie-cutter applications for these concepts – it all depends on your business circumstances and objectives, so be sure to discuss the specific details with your...

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Cash-balance plans can help business owners catch up

Business owners in the Lehigh Valley such as sole proprietors, physician practice partnerships, law practice partnerships and entrepreneurs can reduce their personal and business tax burdens while substantially increasing retirement savings by offering a cash-balance plan to both owners/partners and employees. What distinguishes cash-balance plans from other retirement-savings vehicles is that they have significantly higher contribution limits than more traditional retirement plans – and...

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