William Rogers Company Blog

One of the most basic functions of estate planning is naming beneficiaries. Surprisingly, this can be more complex and require more ongoing maintenance/review than you might think. There are common beneficiary designation mistakes you will want to avoid. So, while it is easy to initially tell your advisor who you want the estate to pass… Continue reading Beneficiary Designations Mistakes To Avoid

It happens more often than you think. Seemingly successful businesses, even market segment leaders, experience customer-driven reversals and become nonexistent. BlockBuster Video and Toys R Us are two prime examples of organizations that became irrelevant. They lost touch with customer buying trends and the technology that enabled those trends. They remained brick and mortar companies… Continue reading How To Stay Relevant In A Changing Business Environment

For the past two years, most businesses, particularly small businesses, have been hit with challenges not seen in nearly a century. The COVID-19 pandemic created conditions that test a small business’s ability to survive profitably. Supply chain shortages, masking, stay-at-home orders, remote working, and now The Great Resignation is causing a serious labor shortage. Nobody… Continue reading How Businesses Can Overcome The Labor Shortage

Over the next decade or so, Baby Boomers will be passing on an estimated $30 trillion to $68 trillion in wealth to their Millennial adult children. This will be the most significant transfer of wealth in American history, and some believe it will create an Alpha class of big spenders. It is anticipated that the… Continue reading Preparing For The Great Wealth Transfer

Do you consider yourself an early adapter? Has your business entirely, or nearly, transitioned to digital? Do you believe that maintaining your edge on the competition relies, at least in part, on staying current with technologies applicable to your industry? Is innovation, not just process improvement, a core value? If you answered yes to any… Continue reading Reasons Why Your Business Might Delve Into The Metaverse

Generally after tax season, there comes a time when you realize that a lifetime of hard work, saving, and cautious investment has resulted in your accumulating wealth. You may think it is too early to worry about what happens to it after you are gone, but it is never too early to consider estate planning.… Continue reading Estate Planning: The Legacy Trust

Has your small business taken advantage of one or more of the COVID-19 relief programs authorized by the American Rescue Plan for 2021? If so, you need to be aware of your potential tax liability for federal and state taxes. 2020 and 2021 were not typical tax years thanks to the trillions pumped into the… Continue reading Business Tax Ramifications From COVID Relief Measures

If it hasn’t happened yet, rest assured that it will. Sooner or later, a customer will want to pay you in cryptocurrency, or an employee is going to ask to be paid in Bitcoin or some other cryptocurrency. If like many southern California small business owners, you haven’t completely wrapped your head around crypto and… Continue reading Cryptocurrency Taxes and Your Business

Whether you are involved in cryptocurrency or not, it is certainly part of our current financial environment and one we need to consider in our business and personal transactions today. Before jumping into cryptocurrency, be sure to do your due diligence as there’s a great deal to learn about it. Check these facts about crypto:… Continue reading Did You Trade Cryptocurrency in 2021? If So, You May Owe Tax

One of the most surprising side effects of the COVID pandemic has been the phenomenon known as the Great Resignation. Today there are over 11 million job openings in the country but only 7.4 million people draw unemployment benefits. Interestingly, another phenomenon has sprung up, a boom in small business filings. After an initial lockdown… Continue reading The Great Resignation And Small Business Boom