Accounting Professionals Dedicated to the Success of Your Family Business

When you want to keep your family owned business in the family, there are a number of things you need to consider. These can be broken down into two basic categories. The people issues and the money issues. The people issues - who will be involved, who will control, who will manage, who has the necessary skills to do what you did? The money issues - on the death of a family member will the business have adequate cash flow, adequate resources to pay estate taxes, adequate operating capital while in transition, proper creditor relationships to keep the business going? Simply stated - what do you need to do to insure the success and continuity of the business when you want to or have to leave? We can help with training and creating a specific plan for transition. Murphy and Company has years of experience helping family businesses sort through the issues and create real working solutions.

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Tax Reform Update: A Snapshot of Key Proposals in the GOP Bill

December 4, 2017

On November 16, the House passed a new tax reform bill that moves the GOP closer to bringing the legislation to fruition. Now the Senate is preparing its own tax reform package. If passed, it must be reconciled with the...

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