If you work for Max Auto Supply, major changes are on the horizon. In June 2025, Mavis Tire Express Services Corp. acquired Midas International, one of North America’s most recognized tire and auto service brands. As a result of that deal, Midas is now set to purchase Max Auto Supply, a long-standing regional operation based in Toledo, Ohio. This upcoming acquisition—expected to close in … [Read more...]
The 7 Biggest Money Mistakes Lawyers Can Make
The 7 Biggest Money Mistakes Lawyers Can Make
Finances are a fraught area for many attorneys. Lawyers often find themselves having to operate as entrepreneurs to launch a small firm or solo practice. This episode of the ABA Journal's Modern Law Library features Darren Wurz, a financial planner who specializes in working with law firm owners and author of The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, … [Read more...]
Optimizing Tax Efficiency: Strategic Approaches for Selling Your Law Firm
Optimizing Tax Efficiency: Strategic Approaches for Selling Your Law Firm
Introduction: Setting Up a Smooth Transition Selling a law firm is a significant step that requires careful planning and consideration. Besides the legal and logistical aspects, it's essential to strategize for a tax efficient sale. By doing so, you can minimize your tax liability and maximize the value of your sale. In this blog post, we will discuss some tax efficient ways to sell a law firm, … [Read more...]
Maximizing Your Financial Success: The Ultimate End-of-Year Checklist
Maximizing Your Financial Success: The Ultimate End-of-Year Checklist
As the year draws to a close, it's the perfect time to reflect on your financial achievements and chart a path to even greater success. Consider this your end-of-year financial planning nudge—a friendly reminder that the ultimate key to maximizing your financial future lies in taking proactive steps today. This comprehensive checklist covers essential topics like Roth conversions, tax … [Read more...]
Managing Your Tax Payments When Your Monthly Income Varies
Managing Your Tax Payments When Your Monthly Income Varies
By Darren Wurz Most people only think about taxes when it’s time to file their annual returns. But as an attorney or law firm owner, you cannot afford to put your taxes on the back burner. From self-employment taxes to employee taxes and quarterly estimated taxes, there’s a lot to keep track of, especially if your monthly income varies. To make the most of your irregular income, … [Read more...]
Your Tax-Preparation Checklist
Your Tax-Preparation Checklist
Tax season can be stressful and frustrating even in the best of times; factor in two years full of uncertainty and it’s understandable if you want to stick your head in the sand and avoid it. Plus, as an attorney or law firm owner, your taxes can be more complicated than most. We’re here to help! Here’s the trick: the better prepared you are, the sooner you can shake off that stress and forget … [Read more...]