Advancing Your Business, People and Legacy Conversation Series

Welcome to our podcast focused on all things impacting growth, value and the sustainability of privately held businesses.  Contact kendall@rawlsgroup.com if you would like to submit a topic for discussion, questions about the podcast or have question about your succession planning environment.

When are Taxes Going Up on Capital Gains?

2021-08-11T12:31:22-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

As of August 2021, because Capitol Hill has yet to agree on funding, the timeline is still anyone’s guess. In the Green Book, which is the White House’s policy wish list, their goal is to increase long-term Capital Gains significantly. Even though we can’t speak to the timeline yet, tax increases [...]

What is the Lifetime Gift Tax Exemption and When Will It Be Cut?

2021-08-11T12:22:25-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

Currently, as of August 2021, the Lifetime Gift Tax Exemption for each individual is about 11.7MM per person, which is the highest in history. This means a married couple could gift about $22.7MM to the next generation tax-free. However, based upon the White House’s wish list of how to fund [...]

What Is Happening with 1031 Exchanges For Real Estate?

2021-08-11T12:16:10-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

Currently, as of August 2021, a 1031 exchange allows a taxpayer to avoid paying capital gains taxes when selling an investment property by reinvesting the proceeds from the sale, within specific parameters, into another property(s). Up until now, this part of the tax code has been helpful to those selling [...]

What Assets You Should Gift and To Whom?

2021-08-11T12:03:52-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

Making gifts and considering changes in tax law is one piece of the succession planning puzzle. When working with business owners, we often find that they have had some of the best tax planning money can afford. However, when designing the plan, they let the “Tax Tail Wag the Dog” [...]

How to Gift or Sell an Asset AND Stay in Control

2021-08-11T12:08:50-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

In our experience, business owners like to stay in control, in control of their business, real estate, and future.  So, when we talk about giving something away, we generally get pushback from our clients.   Ultimately, the goal from a tax perspective; is to keep as much of the wealth and [...]

How to Sell An Asset and Avoid Capital Gains Tax

2021-08-11T12:06:10-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

Many don't realize, but yes, an asset can be sold and you can avoid Capital Gains tax by leveraging an Intentionally Defective Grantor Trust, also known as an IDGIT.  An IDGIT is a strategy for family businesses who want to keep the company in the family, with no interest in [...]

Episode 1: Landing the Rockstar Whose Worth More than “The Offer

2021-07-16T13:31:03-05:00By |Advisor Collaboration, Automotive, Innovative Recruiting and Retention Strategies, Succession Blog, Succession Podcast|

Recruiting and retaining the best talent for your organization does not necessarily revolve around the compensation package itself. Employers need to be strategic and innovative in building packages that motivate the candidate to consider the offer. Considering things outside of the salary and bonus norm and communicating is critical. In [...]

Episode 2: Attracting Top Talent With Innovative Incentives

2021-07-16T13:32:59-05:00By |Advisor Collaboration, Automotive, Innovative Recruiting and Retention Strategies, Succession Podcast|

When it comes to creating compensation packages to recruit key talent, thinking out of the box is essential. The competition for top talent is extremely high and salary/bonuses are not always the deal winner. Dealers are not just competing with other dealers for talent; they are also competing with employers [...]

Episode 3: Developing From Within Vs Recruiting Outside

2021-07-16T13:34:18-05:00By |Advisor Collaboration, Automotive, Innovative Recruiting and Retention Strategies, Succession Podcast|

As we talk with dealers across the country, recruiting is a high priority; everyone is looking for talent. We are often asked, is it better to develop from within (internally recruit) or look to the outside (externally recruit). And our answer is, it depends on your situation. I know, probably not [...]

Episode 4: Keys to Recruiting Post Pandemic

2021-07-16T13:36:18-05:00By |Advisor Collaboration, Automotive, Innovative Recruiting and Retention Strategies, Succession Podcast|

2020 and so far in 2021, has forced us all to think differently as a result of the COVID-19 Pandemic. We all were forced to operate differently from our norm, which results in changing perspectives. Employees' and customers' mindsets have changed which means it is essential for leaders and owners [...]

What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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