February 11, 2021
In late 2019, Congress enacted the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act, which had the effect of eliminating the popular “stretch” feature of qualified plans and Individual Retirement Accounts (IRAs). This article introduces an alternative solution known as the Charitable Remainder Trust.
February 11, 2021
For many small and family-owned business owners, the term “estate planning” is limited to the tax-efficient transition of wealth from one generation to another. However, the same tools used to transition wealth can also be used to transition the ownership and operation of the family-owned business itself.
February 11, 2021
Succession planning probably isn’t high on your priority list. But it’s critical to think about the long-term future of your business — including after you have handed the leadership reins over to someone else.
December 10, 2020
Goering Center corporate partner shares tips on how to avoid print security data breaching.
December 10, 2020
Goering Center corporate partner gives advice on life insurance for effective estate tax planning.
December 10, 2020
Goering Center core member creates the Thomas W. Mangold Scholarship and awards to UC DAAP Student.
May 7, 2019
The Financial Accounting Standards Board (FASB) is changing the way businesses prepare their financial statements and the way companies account for leases. The FASB first introduced guidance on these changes in February 2016 and the required implementation date for non-public entities is quickly approaching. No matter the size of your privately held company, ASU 2016-02, Leases, could have a significant impact on your financial statements.
May 7, 2019
If you think about the focus of the Goering Center, what comes to mind? I’m finding out more and more that the answer for many people is “family business.” It’s easy to draw that association. So many family-owned businesses that are now considered icons in the greater Cincinnati community have been part of the Goering Center story. We have transformed — and sometimes salvaged — many multi-generational family businesses. Yet, we are the Goering Center for Family and Private Business. Private businesses are very much a part of our work. They represent half of the awards at our Family and Private Business Awards event, the majority of our programs cater to the needs of private as well as family businesses, and our boards and committees are blessed with many private business owners.