The Curchin Group Announces Local Charities to Benefit from Ninth Annual Indoor Miniature Golf TournamentSeptember 3, 2014
RED BANK, N.J. (July 14, 2014) – The Curchin Group, LLC, a mid-sized, full-service accounting firm based in Red Bank, N.J., announced today that The Samaritan Center at the Jersey Shore and HABcore Inc. are the two locally-based nonprofit organizations selected to receive all proceeds from the firm’s Ninth Annual Curchin Open indoor miniature golf …
The Curchin Group to Hold Essay Competition to Determine Beneficiaries of Ninth Annual Miniature Golf Tournament for CharitySeptember 3, 2014
RED BANK, N.J. (April 30, 2014) – The Curchin Group, LLC, a mid-sized, full-service accounting firm based in Red Bank, N.J., announced that it will hold an essay submission open to all 501c(3) organizations to determine the two beneficiaries of the Ninth Annual Curchin Open, a nine hole indoor miniature golf tournament for charity. Non-profits …
Change in the Focus of NCUA ExaminersJuly 14, 2014
Have you noticed a change in the focus of the National Credit Union Administration (NCUA) examiners? If you haven’t yet, you soon will. Our Credit Union team attended a recent conference where the NCUA discussed the areas they will be focusing on during the upcoming months. Those areas include: Interest Rate Risk – Examiners are …
Special Financial Considerations for Husband & Wife Family BusinessesSeptember 11, 2013
The Wall Street Journal reported that one-third of all family businesses are operated by husband and wife teams, representing a substantial number of all businesses. The dynamic of the team, however, can vary greatly. In some cases, one spouse will start the business, or may already be involved in an existing family business prior to …
Infographic: Top Family Business Statistics You Need to KnowAugust 16, 2013
Information graphics, aka “infographics,” are used to visually present statistical information in a compelling and easy-to-understand manner. For family businesses, infographics are useful primarily for the overall impact they may have – especially if they encourage the pursuit of further knowledge or action. There are family business-specific sources that bring these statistics to life, and …
Why All Family Businesses Should Start Succession Planning TodayAugust 9, 2013
Succession planning is likely the most common topic presented by family business advisors and other experts, but for good reason. It is something every family business should do, yet less than 70% of them make it to the second generation, in part due to lack of a plan. Succession planning may seem overwhelming and too …
Preventing Fraud in the Family BusinessAugust 6, 2013
We’ve all read about business fraud, perhaps even in our local region. A trusted employee is discovered to have diverted company funds to themselves for years – the results being a loss of tens or hundreds of thousands of dollars, the former employee facing at least public humiliation for the crime, if not jail time, …
Five Common Causes of Family Business Feuding and How to Avoid ThemJune 28, 2013
Family Feud the game is fun to watch. Family feud in the family business is like watching a train wreck. It’s hard to put a good spin on the word “feud.” It implies more than just a disagreement, but rather a longstanding and deeply-rooted standoff. It would be unrealistic to expect all family members to …
Financial Considerations for Family Businesses with Aging OwnershipJune 6, 2013
An issue that family businesses inevitably face is having an owner who is heading to retirement (or planning on working until “the end.”) At this time, the “what ifs” begin to surface. What if the owner passes unexpectedly? What if there is no successor already chosen? What if no one else in the family knows …
Understanding Estate Tax: What It is and What Your Family Business Needs to KnowMay 22, 2013
Estate taxes are levied on the fair market value of an estate passed to heirs upon the death of its owner. As they pertain to a business, ownership (title) of a family business is an asset of the estate and is included in the overall estate on which tax may be due. If there is …