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David Green – The Way of Living Generously

2 years ago By Bill High

What would you do? In 2012, Hobby Lobby faced a critical, company-ending decision. They could either face fines of $1.3 million per day or provide abortion-inducing prescriptions as part of Obamacare. The latter option was against the religious and moral views of David and his family. In Giving it All Away and Getting it All Back Again: The Way of Living Generously (Zondervan 2017), David Green recounts his US Supreme Court struggle. He tells how his family chose to stand by what they believed, knowing it might cost them the company. Their journey of faith took them to the edge:…

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Advisor

Business Sales: A Better Way

3 years ago By Bill High

In 2016, Americans sold 7,842 businesses—whether through asset sale or stock sales. That number is expected to go up in 2017. Why so many sales? Business sales are skyrocketing for a number of reasons. A robust economy and thriving businesses have raised sale prices to an all-time high. Additionally, as business owners age, they want to retire and move on to the next adventure. Low interest rates and a favorable financing environment also contribute heavily. Many of these sales will occur at year end. But they shouldn’t. Let me explain. Most business sales occur without consideration for the tax consequences. The tax bill…

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Advisor

Don’t Make this Giving Mistake

4 years ago By Bill High

I’ll never forget the frantic phone call I received one year ago on December 31st. A donor had sold some assets during the year and had just figured out his tax consequences. He needed tax deductions, and he needed them now! The problem was that he’d started so late in the game that it was too late to donate any publicly traded stock. It was also too late to donate any other assets. And worse, because he’d sold the assets without donating a portion first, the entire amount of his capital gains were locked in. His only option was to…

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Advisor

Friends Don’t Let Friends Sell Businesses!

5 years ago By Bill High

I speak often on the subject of giving and taxes.  Probably more than 2 years ago, I spoke to some ministry leaders and I told them, “Friends don’t let friends sell businesses.” Roger, one of those ministry leaders, heard me.  One of his good friends was preparing to sell a business.  And all he knew was that his friend shouldn’t sell unless he talked to us.  Roger got his friend to talk to us, and as a result, his friend the business owner is paying less tax at the time of the sale while at the same time increasing his…

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