John Wollenberg

How to Beat the Odds and Have a Successful Succession of Your Horse-Related Business

By John Wollenberg, JD, CPA, and Leonard C. Green, CPA, MBA Editor's Note: Chris McGrath's popular TDN series "Succession" about horse racing-industry businesses passed from one generation to the next sparked this column by Len Green and John Wollenberg. The odds are frightening that only 50% of family businesses that are successful are passed to the second generation. Only 10% are successfully passed on to the third generation. There are many reasons for this and volumes of material have been written on this subject. But few provide you with the...

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Sound Tax Advice From The Green Group As The Wire Approaches

by Len Green, CPA and John Wollenberg, CPA In Thoroughbred racing, it's not over until the horse crosses the wire. The same is true with maximizing your tax deductions and minimizing your taxes. For those who think it is too late to save on your 2023 taxes, The Green Group is here to tell you, it's not! With over 40 years of experience and our knowledge of the new tax laws, we are confident the following information will assist as you approach the 2023 home stretch. Impact of Recent Tax...

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