Tim Kinane

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Thursday, September 9th, 2021

Now or Later – How to Know When You Should Exit?

Webinar: Now or Later – How to Know When You Should Exit?

September 28, 2021, 2:00 pm Eastern

Register Now

Many business owners struggle with the “when” question—meaning “When should I exit?” If you intend to sell your company, should you sell now or later? If you intend to pass the company down to family members, when should you finally turn it over to them? How do you determine? Getting the “when” right means a happy exit for you, the company, and everybody else involved. Getting the “when” question wrong can ruin even the best exit plans. Any owner thinking about his or her future exit should attend this educational presentation.

 

Patrick Presentor

Contact Tim 772-221-4499, to discuss strategies for your business.

Thursday, June 3rd, 2021

Knock Knock!…How to Know if the Potential Buyer at Your Door is a Waste of Time or the Opportunity of a Lifetime

About this Webinar

June 22, 2021, 2:00 pm Eastern

Abstract:

In today’s hot market, many business owners are being approached by potential buyers about acquiring their company. If that’s you, then reserve your spot for this educational webinar to learn how to:

  • Recognize if that potential buyer is serious, or if you should stay away
  • Evaluate the situation quickly, effectively and in the safest way (especially if the inquiry comes from a competitor)
  • Respond if the potential buyer is the real deal
  • Sell your company without the cost and risks of a full sale process

 

Register Now for this Complimentary Webinar 

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Contact Tim 772-221-4499, to discuss strategies for your business.

Thursday, May 13th, 2021

True Grit- Webinar

True Grit – The Brave Story of How Two Business Owners Executed A Complicated Exit During the Pandemic

Webinar May 25, 2021 2pm-3pm EDT

Enjoy a conversation with real life business owners, Mike Rowlett and Matt Oldroyd, of Womack Machine Supply located in Dallas, Texas. They will discuss how they were able to:

  • Secure capital for future growth
  • Partially cash out of the company without giving up control
  • Manage and reduce the risks

All of which was accomplished in the midst of a global pandemic.

Mike and Matt will tell us all the things they wish they had done differently (as well as some of the things that they did well.)

What you’ll learn:

  • Does every deal really “die three deaths prior to closing?”
  • What the stress of selling a company looks like
  • Actions to take now if you not selling anytime soon.

 

Register Now

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Contact Tim 772-221-4499, to discuss strategies for your business.

Thursday, April 8th, 2021

The Biden Tax Plan – What to Know Before Selling Your Company

About this Webinar

The Biden Tax Plan – What to Know Before Selling Your Company

April 27, 2021, 2:00 pm Eastern

Abstract:

Newly elected US President Biden has made it clear he wants to raise taxes. Taxes are already typically the largest cost business owners incur when selling their company. With potential higher taxes on the horizon, business owners cannot ignore the tax question in 2021 and beyond.

During this complimentary webinar, NAVIX CEO Patrick Ungashick will be joined by Rhys Wilson, Co-Chair of the M&A Practice at Nelson Mullins and consistently recognized as one of the top lawyers in the US for business transactions. Together, Rhys and Patrick will address these and other questions:

  • Can Biden get his tax increase passed?
  • How would the Biden plan impact the sale of a privately held company?
  • What should business owners do to address taxes at sale?
  • How should taxes impact the decision to sell now or later?

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Register Now

Contact Tim 772-221-4499, to discuss strategies for your business.

Wednesday, March 17th, 2021

Top 25 Tactics to Maximize Your Company’s Value at Exit

About this Webinar

Top 25 Tactics to Maximize

Your Company’s Value at Exit

March 30, 2021, 2:00 pm Eastern

Abstract:

Join the NAVIX exit planning experts for a lightning round, spending 60 seconds each on 25 ways to maximize value before selling your company or raising capital from investors. Webinar registrants will also get access to download NAVIX’s all-time most popular reference tool, the checklist of 25 Value Drivers that you can apply to your company.

Who should attend:

  • Business owners seeking to maximize company value prior to a sale
  • Business owners contemplating a partial sale or raising money from investors
  • Business leaders seeking to buy out existing owners or partners

Webinar Presenters:

Webinar Navix Presenters 2021 03 30

Register Now

Contact Tim 772-221-4499, to discuss strategies for your business.

Thursday, January 14th, 2021

2021 CEO Summit (Virtual)

CEO 2021

What do the US elections and the global pandemic mean for the economy, your company and your wealth in 2021? Register for free to join NAVIX founder and CEO Patrick Ungashick, as he and a panel of experts present their insights, followed by a keynote presentation by Brian Beaulieu, Chief Economist of ITR Economics. For the first time in its more than 15 years, the annual CEO Summit will be held virtually. Registration is complimentary as our guest.

When: Wednesday, February 3, 2021 from 1:00pm to 3:00pm EST

Topics covered will include:

  • Strategies for your business in 2021
  • Potential tax reform
  • M&A markets & company valuation updates
  • PPP loans and impact
  • Exit strategies

Space is limited, so please register today. Registrants will receive a Video Link to this private virtual event.

Register Now

Contact Tim 772-221-4499, to discuss strategies for your business.

Monday, December 28th, 2020

A Holiday Miracle: New PPP Funds, Second Draw Loans & Tax Relief

Sick Dollar

To help our clients and other business owners and leaders respond to the unprecedented leadership disruptions caused by the coronavirus (COVID-19) outbreak, the team at NAVIX offers the following crisis management information series.

A Holiday Miracle: New PPP Funds, Second Draw Loans & Tax Relief

In a surprising turn of events, Congress and President Trump acted, as part of yet another omnibus COVID relief package, to add new funds into the Paycheck Protection Program (PPP) and override the IRS’s previous attempts to tax PPP loan forgiveness.

Under the new act, an additional $284 billion has been allocated to the PPP program which was first created earlier this year under the CARES Act. The newly passed act also allows businesses that have already received a PPP loan to apply for a second loan under the “Second Draw” provision, albeit under stricter guidelines. To apply for a Second Draw PPP loan, a borrowing company must have fewer than 300 employees (down from 500) and must be able to demonstrate that it experienced a 25% or greater reduction in gross revenue during the first, second, or third quarter in 2020 relative to that same quarter in 2019. Second Draw PPP loans are capped at $2 million compared to $10 million under previous PPP guidelines.

The new act also directly addresses one of the most frustrating elements of PPP since the program was first made available—the taxation of PPP. Under the new act, the good news is PPP borrowers can deduct expenses paid for using PPP loan proceeds that are subsequently forgiven. The provision is effective as of the date of enactment of the CARES Act. The provision provides similar treatment for Second Draw PPP loans. This new law seems to finally close the door on the PPP taxation debate, and overrules multiple efforts by the IRS to assert that taxpayers would not be able to deduct expenses paid for with forgiven PPP loan proceeds.

As with any major piece of legislation, there are important provisions that will impact different taxpayers differently. Business owners and leaders should consult their tax advisors on these recent developments.

The NAVIX team has helped hundreds of business owners prepare for exit. We have also helped countless owners and leaders deal with recessions, liquidity crises, and economic upheaval. Our experience and perspective enable us to guide our clients through difficult times, such as these.

 

Contact Tim 772-221-4499, to discuss strategies for your business.

Saturday, November 21st, 2020

ALERT! IRS Affirms Non-Deductibility of PPP-Funded Expenses

By: Patrick Ungashick

Covid 19 Balance

To help our clients and other business owners and leaders respond to the unprecedented leadership disruptions caused by the coronavirus (COVID-19) outbreak, the team at NAVIX offers the following crisis management information series.

Alert! IRS Affirms Non-Deductibility of PPP-Funded Expenses

In a move that will disappoint many business owners and leaders, the IRS has affirmed its earlier position that taxpayers cannot claim an income tax deduction for business expenses that would otherwise have been deductible if the payment of that expense results in forgiveness of a Paycheck Protection Program (PPP) loan. The PPP loan program was created under the CARES Act passed earlier this year in response to the COVID-19 crisis.

The guidance came in the form of a revenue ruling (Rev. Ruling 2020-27.) (A revenue ruling is a public decree from the IRS, instructing all taxpayers how the IRS will interpret and apply tax legislation. A revenue ruling is generally treated as a law.) Additionally, the IRS has issued Revenue Procedure 2020-51, which provides taxpayers with guidance on how to implement the IRS’s position.

This newest development comes even though some Congressional leaders, as well as some tax professional organizations like the AICPA, have previously disagreed with the IRS’s interpretation of this portion of the CARES Act.

The IRS’s guidance means a taxpayer cannot claim an income tax deduction for expenses used in the PPP loan forgiveness calculation. For companies that used PPP funds to pay expenses that ordinarily would have been deductible, the IRS’s ruling effectively increases a business’s net income and resulting tax liability.

Furthermore, the IRS states that if PPP loan forgiveness has not yet happened, borrowers cannot deduct expenses paid for with PPP funds this year (in 2020) if the taxpayer reasonably believes the loan will be forgiven next year.

Ultimately this affirmation by the IRS appears to likely stand, as there seems to be little serious effort out of Congress to legislate a different IRS interpretation of the CARES Act, especially with the US Presidential election over and COVID-19 continuing to spread.

Business owners and leaders must confer with their tax advisors to review the impact of this IRS action.

The NAVIX team has helped hundreds of business owners prepare for exit. We have also helped countless owners and leaders deal with recessions, liquidity crises, and economic upheaval. Our experience and perspective enable us to guide our clients through difficult times, such as these.

Contact Tim 772-221-4499, to discuss strategies for your business.

Thursday, October 15th, 2020

Company Sales Rebounding Despite COVID-19

By: Patrick Ungashick

Navix check

The COVID-19 pandemic brought many aspects of US society and business activity to a halt in March of this year, including sales of small to mid-market companies. Yet already there are signs that mergers and acquisitions activity (M&A) is rebounding for small to mid-market companies, an encouraging development for business owners who seek to exit from their companies by way of sale to an outside buyer. The emerging increases in company sales come after deal value in the US fell by 20 percent in the first half of 2020 to according to PitchBook Data. Deal value declined by one-third in the second quarter alone.

Buyers and sellers are coming back into the market, after pumping the breaks when the pandemic first hit. First, many companies have been largely unaffected by the pandemic. Other companies have adjusted their operations and are returning to profitable growth despite the ongoing public health challenges. Additionally, the upcoming US elections have spurred many business owners to resume exit planning out of fear of tax increases in the future.

Overall, the volume of sales of small to mid-market companies remains below pre-pandemic levels. However, signs point to the need for business owners to be ready to sell as the “window” reopens. In response, we recently published a new whitepaper, “Top 10 Signs You are Not Ready to Sell Your Company,” to assist business owners during these uncertain and changing times. Download a free copy to review if you and your company are ready to sell, or what it takes to get you prepared.

 

Contact Tim 772-221-4499, to discuss strategies for your business.

Wednesday, October 14th, 2020

Yes! Alternatives to Selling to a Competitor or Private Equity

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Perhaps the two biggest myths about selling your company are:

  1. Your buyer must be a competitor or a private equity firm, and
  2. When you sell, you must give up control.

Thankfully, neither myth is true.

This educational webinar presents an alternative strategy to achieve the goals that most business owners seek: maximizing personal wealth, maintaining control until you wish to exit, and setting up the company for long-term success.

Register and attend this webinar to learn:

  • When it may be right to sell your company to a competitor or private equity group, and when it may be the wrong decision
  • How to get cash out of your company without giving up control
  • How to position the company for long-term growth and success

Register Now

Contact Tim 772-221-4499, to discuss strategies for your business.