It’s All About Alignment & Connecting…

We held our annual mid-year Alignment and Connection meeting at the Wilmington Country Club to discuss our 2017 progress thus far and dive deeper into our outlook on the future of Siegfried Advisory.  We started our day with our tradition of a positive focus exercise. Then the group did a D.O.S. Analysis which brought the team together to brainstorm and share views on what are the Dangers that we want to work towards eliminating, our greatest Opportunities that we want to focus on and our biggest Strengths to be maximized.  We thoroughly enjoyed aligning as a team and reaffirming our commitment to upholding the Firm’s values and vision. So as not to be all business and no play, after the meeting the team divided to make time for some fun events. One group took golf lessons, while others opted for some relaxing spa time.  Afterwards, the team joined together again for a Happy Hour at the Pub with drinks, snacks and a friendly shuffleboard competition!

Advisory Says Good-bye to Busy Season Blues

The Siegfried Advisory team met at Dave & Busters in Philadelphia to celebrate the end of another successful tax busy season. The team celebrated with good food, great company and LOTS of fun and games! From basketball to Mario Kart to Rock’Em Sock’Em Robots, it was a great way to de-stress after the many hours worked during tax season.

 

 

Siegfried Advisory Goes Over the Edge

On May 11, Siegfried Advisory’s very own Erin Schieffer decided to climb down a 17 story building!  As part of the Special Olympics of Delaware’s Over The Edge event, Erin rappelled down 17 stories (222 feet!) of the 300 Delaware Avenue building in Wilmington.  The “Over the Edge” event allows 100% of all proceeds to go directly to the Special Olympics Delaware athletes and helps raise awareness.  Erin was able to raise $1,643!!!

Siegfried Advisory’s very own Jeff Mitchell has been an active board member of the organization for 7 years! (Unfortunately, heights are Jeff’s kryptonite, so Erin graciously took his place.)

The mission of Special Olympics Delaware is to provide year-round sports training and athletic competition in a variety of Olympic-type sports for more than 4,000 children and adults with intellectual disabilities, giving them continuing opportunities to develop physical fitness, demonstrate courage, experience joy and participate in a sharing of gifts, skills and friendship with their families, other Special Olympics athletes and the community.

M&A East Conference on September 27-28

M&A East is about dealmaking. . .we create the right environment to maximize your time and make valuable connections with the most senior middle market dealmakers.
Meet top strategic and financial dealmaker, investment bankers as well as leading middle market advisors for two days of the best, most efficient dealsourcing anywhere.

to learn more about the conference or to register.

Siegfried Advisory Wines & Dines


Siegfried Advisory hosted their holiday party at Patone Cellars in Landenberg, Pennsylvania on a lovely wintry evening. It was a great time to connect outside of the office while enjoying a beautifully prepared dinner. The host, Mario Patone, treated the group to a fabulous five-course meal cooked over an open fire, with amazing wine pairings which were made on site. They also toured the winemaking facilities and cellar. Many left with a bottle of wine to commemorate the wonderful evening!

Siegfried Advisory Tries to Escape

Recently, the entire Siegfried Advisory team got together to reflect on their 2016 successes and plan for continued growth in 2017. The group took time to reinforce the firm’s higher purpose, which is to help People become better Leaders to exponentially improve their Lives!

After the meeting, everyone headed over to the Exodus Escape Rooms to try out a little team building exercise. The Sherlock Holmes experience is one of the most challenging escape rooms around! Filled with logic and brain teasing fun, the room utilizes multiple puzzles, riddles and information that needed to be solved in order to find their way out. Fourteen locks needed to be opened in an hour in order to escape the room! Talk about hard! Although the group did not escape, they came very close (at least that’s what they were told!), it was a great experience for the team to work together in a fun-filled environment outside of the office.

Integrate Tax Planning into business forecasting

Preparing short-term and long-term forecasts is a valuable process that successful business owners do regularly to plan for future growth and profitability. However, these forecasting models are made difficult by ever-changing tax laws and typically do not factor in taxes at all. At the highest federal and state tax rates, a business’ profits could be reduced by 45 percent if proper tax planning is not performed.

For the past few years, Congress has left business and individual taxpayers in limbo with expiring tax laws. This tax uncertainty wreaks havoc on the ability of businesses and individuals to plan for the future and estimate what their tax liability will be. This affects not only the current tax year, but also estimating what that tax liability will be two to five tax years down the road. When President Obama signed the Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”) on Dec. 18, 2015, some tax-law clarity was provided to millions of taxpayers. Tax practitioners can help their clients save tax dollars now by planning for future events.

With this information, business owners can plan and forecast to maximize current tax deductions by ensuring that they do not exceed the $2 million threshold and maximize the $500,000 deduction. In any given forecasted year, if qualifying property expenditures were to exceed $2 million, advisors should be recommending that their clients delay the qualifying property purchase into a future tax year or accelerate the purchase into the current year if the $2 million limit has not been exceeded. There are other limitations that can be forecasted regarding Section 179 expensing, such as the business-income limitation which only allows a Section 179 deduction up to the taxable income from the active conduct of any trade or business.

Successful businesses make it a practice to prepare forecasts by integrating tax planning. The key is to monitor their actual performance towards these goals and then implement tax planning solutions during the year.  


Click here to read the full article posting in the Delaware Business Times.
Article written by Craig Anderson & Jeff Mitchell – Siegfried Advisory

Siegfried’s very own Jeff Osberg wins big!

Siegfried Advisory’s very own Jeff Osberg, Manager, won the 2016 Philadelphia Open! Osberg, a member of Huntingdon Valley Country Club, fired a 1-over-par 17 over holes six through nine at the Ridge at Back Brook in Ringoes, N.J., for a 1-stroke victory, and finished off the first father-son combination to post wins in the 112 years the championship has been contested.

“First I was happy that I was able to execute under the pressure of the last hole and go ahead and make that putt,” Osberg said. “Then I was overwhelmed with joy, just to be able to come out on top. To be able to do that after coming so close in the Philly Amateur, it was really nice.”

Congrats to Jeff from all of us at Siegfried Advisory!