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The Importance of Goodwill

Goodwill, simply stated, is the difference that exists between a business’s tangible assets and the purchase price.  Goodwill can also be looked at as encapsulating all the hard work that the seller has put into the business while building it.  That stated some do confuse goodwill value with the going-concern value, and this should clearly […]
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The Hidden Benefits of Planning Your Succession Strategy

Succession planning is something that many business owners fail to think about; however, it turns out there are benefits to succession planning that might not be immediately obvious upon first glance.  In this article, we’ll explore a recent Accountancy Daily article, “Succession Planning for Business Owners,” which details the wisdom and benefits of succession planning. […]
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