
The One Big Beautiful Bill Act’s Impact on Education
Understand new 529 plan rules under the One Big Beautiful Bill Act and what they mean for your family’s education savings strategy.
Author: Brandon Jordan, CFP®, CHFC®, CEPA®, CVGA®, CLU®, MSA, EA | CEO of Impact Advisors Group
Most business owners are familiar with the cliché “if you’re not growing, you’re dying.” It’s technically true as it stresses the importance of continuous growth and adaptation in order to remain competitive and healthy. It’s based on the idea that a business needs to evolve and change like a living organism. If a business doesn’t adapt to market changes or stagnates, it will eventually decline and fail.
Unfortunately, many business owners only/primarily look at revenue as the metric to assess growth. This can lead to disastrous outcomes!!! Growing Broke is a very real possibility for many businesses.
Revenue is Vanity
Profit is Sanity
Cash Flow is King
In order to avoid a Growing Broke scenario, the business owner (or leadership team) MUST know the company’s sustainable growth rate. If the actual growth rates exceeds the sustainable growth rate, then it’s only a matter of time before cash is entirely consumed… and it becomes VERY challenging to make payroll, pay vendors, and/or pay payroll taxes. This will require them to change their capitalization (e.g. using debt and/or equity financing options) and often becomes one of the most stressful situations for a business owner AND their family.
As a Christmas gift for the business owner(s) in your family/friend group, let’s help them avoid this scenario. Introduce them to IAG!
Understand new 529 plan rules under the One Big Beautiful Bill Act and what they mean for your family’s education savings strategy.
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Customer concentration occurs when a large part of a company’s revenue comes from a single or small group of customers/clients.
The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4 and encompasses hundreds of provisions.