The Klingman Group, LLC

09/18/2023

08/15/2023

https://www.cnn.com/2023/07/10/economy/florida-inflation-hotspot-regional/index.html

"Florida’s population grew the most of any state from July 2021 to July 2022 because of domestic migration, according to the Census Bureau’s latest estimates. During that same period, Florida also had the fastest population growth by percentage, the first time it has notched that top spot since 1957."

Florida is America’s inflation hotspot because of a persistent problem with sky-high housing costs.

07/05/2023

https://www.businessnewsdaily.com/8811-doing-business-in-florida.html

"It wasn’t always the case that Florida attracted private investment capital. In recent years, however, investors have turned their eyes to the Sunshine State. Today, Florida is home to several economic hubs considered incubators of innovation and startups. For example, the Florida High Tech Corridor Council supports high-tech industries with investments, resources and initiatives across 23 central Florida counties."

Understand the challenges and opportunities of doing business in Florida, including the tax laws, access to capital, cost of living, and labor market.

06/28/2023

https://finance.yahoo.com/news/bank-america-institute-finds-pandemic-130000792.html

"Among the major metropolitan statistical areas (MSAs), Austin saw the largest net inflow of population both during 2020-2021 with +5% and over the past four quarters with +1.5%. Also high on the list are Tampa and Orlando, both with a net increase of +0.8% between 1Q 2022 and 1Q 2023."

Bank of America Institute released a new analysis today that found net flows of domestic migration (people moving within the United States) continue to follow pandemic trends. BofA internal data, which leads the Census Bureau population data by almost a year, found that as of 1Q 2023, cities that sa...

06/22/2023

https://youtu.be/kYo-NoZWOdE

One of the perks of being a business owner is the deductions you can take. But if you plan to, or are considering, selling your business soon, should you impoverish yourself on your taxes, or is there more to consider?

Tax season. (sigh...) As a business owner, one of the perks is the deductions you can take. But if you plan to or are thinking of selling your business soon,...

06/14/2023

https://youtu.be/pg8frgd4ePI

As a business owner, is a vacation really a vacation? Does the business run without you answering your phone or emails? It may effect more than just your mental health.

As a business owner, is a vacation really a vacation? Does the business run without you answering your phone or emails? It may effect more than just your men...

06/07/2023

https://www.forbes.com/sites/geristengel/2023/05/31/a-business-exit-using-an-esop-can-benefit-the-owner-and-employees/?sh=2d9c75c1200d

"(Employee Stock Ownership Programs) fly under most entrepreneurs' radars, so Hayward wants to share her six reasons for doing one. Both owners and employees win with this approach."

Read on for more information, and know that the Klingman Group can help if you decide to pursue this path!

With an ESOP, you can keep your company’s values and culture in place when you exit by turning it over to those who helped create them—your employees. It's a win win.

05/23/2023

https://www.ucf.edu/news/ucf-economist-florida-may-be-in-a-recession-but-not-as-bad-as-you-think/

"In his latest quarterly Florida and Metro forecast, ... Snaith predicts the recession may even yield some relief for residents and businesses, such as an end to the rapid rise in housing costs and alleviating supply chain woes on everything from automobiles to appliances."

Economic expert Sean Snaith predicts the recession may even yield some relief for residents and businesses.

05/09/2023

Tampa is breaking tourism records left and right, which translates to more customers for local businesses!

The TDT collections in just March alone were up 13% over last year.