Patten and Company

Keep Family Disputes from Sinking Family Finances

Intergenerational squabbles don’t just make for tense holidays. Failures of trust and communication can put family wealth into jeopardy.

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Source: Keep Family Disputes from Sinking Family Finances

Other Posts

Achieving Sustainable Cost Savings by Adding Value to Business Processes

Cutting costs in a business might seem easy at first—simply eliminate low-hanging fruit like free coffee, consulting services, or temporary employees. However, these quick fixes often lead to unsustainable savings and can hurt employee morale. To implement cost reductions that last, consider a different approach focused on adding value to your business processes.

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Navigating the Complexities of Deducting Pass-Through Business Losses

In the early years of operation or during challenging economic times, many business ventures generate tax losses. Understanding when and how much of these losses can be deducted is crucial for maximizing your tax benefits. Here’s an overview of the current limitations on deducting losses from pass-through business entities, including sole proprietorships, LLCs, partnerships, and S corporations.

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The Advantage of Separating Real Estate from Your Business

For many businesses, combining real estate assets with other company assets in a single entity can pose significant risks. Whether you’re concerned about liability from property-related injuries or the impact of legal issues on property ownership, there are also important tax considerations to keep in mind. Here’s why holding real estate separately might be beneficial.

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