David WeaverAll Articles
Episode 4: What If I Am Not Ready to Gift to the Next Generation?
What’s in it for me?” Is a common question we hear when talking with dealers when discussing advanced tax and succession planning. “What is it gonna matter, I will be dead” In our “Planning Post Pandemic” discussion series we drilled down into this very question, specifically around “What if I, as the owner of the business am not ready to gift to the next generation” The Rawls Group's succession planners, David Weaver along with Hugh Roberts and Kevin Gilbreath, a Tax partner with Crowe, discusses one of the biggest areas they have helped their legacy clients [...]
Episode 6: If Planning is a No Brainer……
Our succession planners with The Rawls Group, Hugh Roberts and David Weaver, along with Kevin Gilbreath, a Tax Partner with Crowe, have been discussing various advanced tax planning dynamics in our conversation series “Planning Post Pandemic and The What’s in It For Me.” With the benefits of the current planning environment combined with the highest estate tax exemption in history potentially going away with the Biden administration, engaging in planning now is an obvious next step. However, there are many business owners not moving forward. In this episode the discussion focuses on what seems to [...]
What Can Businesses Do To Prevent a COVID Like Interruption in The Future?
The unfortunate reality of a crisis, like COVID-19, is not every business survives. It is sad, but it is part of the correction that takes place when markets might be saturated, or where there might be underperforming units. Owners can work towards protecting themselves in the future by leveraging what is being learned now, as well as ensuring a proper strategic plan is in place. Critical to business success is to plan for the unknown so that you can build resiliency and flexibility in all areas of your operation. Watch the short video to hear [...]
What Can Car Dealers Do to Prevent Interruptions, Like COVID, In the Future?
Technology is one of the biggest areas of change for dealers coming out of COVID-19. Digital and online technology has enabled dealers to provide an enhanced and unique customer experience while keeping employees and customers safe. Customers are able to browse and buy vehicles, navigate the F&I process, schedule pick-up and deliveries, all keeping dealers thriving through the crisis. For dealers who are taking advantage of technology and leaving the old way of servicing and selling behind, the future is bright. For dealers who are not, it presents an opportunity to identify an exit strategy as [...]
Opportunities To Act On Before 2021
The Perfect Storm. You’ve probably seen the movie and this year, we all probably sense that we are making history from within a Perfect Storm of a pandemic, political and social unrest, and economic turmoil. I’ve read several articles recently that have borrowed that title to describe a different scenario - factors that have come together here at year-end that provide perhaps a once-in-a-lifetime opportunity to implement gifting strategies to reduce the tax burden on your children and descendants. These factors —depreciated asset values caused by the COVID-19 pandemic’s effect on the economy, record-low interest rates, and record-high estate [...]
What Are Strategies To Help My Son & Daughter Work Better Together?
Conflict is inevitable in business, even more so in the family business. Understanding the impacts of differing personalities and behavioral traits is a key component for setting siblings up for success. Varying styles of communication, differing motivating factors and even differences in how one may handle stress can create unnecessary conflict. The upside is that you can have family harmony amongst your children, and it is not as hard as you might think! Thank you to our very own Jeff Faulkner, David Weaver and Dan Schneider for sharing expert insight As you listen to this [...]
