Industry Insights

Industry Insights

Latest coverage, analysis and business news from Tampa Bay Business and Wealth.

Community banking for community-focused businesses

By Kevin Gilligan, SBA Lending Director at The Bank of Tampa Thanks to the Paycheck Protection Program (PPP), the Small Business Administration (SBA) has become a household name—at least within the business community. In actuality, the SBA offers business owners so much more than the PPP. Since its inception, the SBA’s primary mission has been … Read more

Business continuity tips for any business

By Sean Marcil, Managing Partner, CirrusTel Businesses are faced with more risk from disastrous events today than any other time in history. Moreover, these risks have evolved to include more points of exposure. The risks are ever-present, and they never stop. “The State of Ransomware and Disaster Preparedness: 2022″ survey identified that of the 79% … Read more

The importance of prenuptial agreements in protecting family businesses

Eric Maier and Courtney Koch, OLDER LUNDY KOCH & MARTINO Pondering how, and when, to ask the love of one’s life, “Will you marry me?” often generates huge anxiety for the proposer; often it can pale in comparison to pondering how, and when, to subsequently ask the same love, “Will you sign a prenuptial agreement?” … Read more

Catching up with Punit Shah

Punit Shah was Tampa Bay Business and Wealth’s first-ever cover story, in September 2018. Since then, he’s been a busy guy, despite a global pandemic. “Covid put a pause on a lot,” Shah says. “But we used the downtime, during covid, to plan and focus on several multi-family projects.” One of those was purchasing the … Read more

Community banking for community-focused businesses

By Kevin Gilligan, SBA Lending Director at The Bank of Tampa Thanks to the Paycheck Protection Program (PPP), the Small Business Administration (SBA) has become a household name—at least within the business community. In actuality, the SBA offers business owners so much more than the PPP. Since its inception, the SBA’s primary mission has been … Read more

Shield of Faith Missions goes into the holidays with veterans in mind

Thee holiday season puts gratitude into high gear, but even before the thanks of Thanksgiving, Americans celebrate Veterans Day to pay respect to the men and women who protect and serve the United States. This past Veterans Day, Tampa Bay area nonprofit Shield of Faith Missions launched a special fundraising campaign to keep American warriors, … Read more

Tech answers for health care problems

BeniComp, an innovator in the thriving space of insuratech, leverages technology to offer creative solutions in health insurance. For president and chief operating officer Steve Pressler, framing business within a creative perspective comes naturally. A graduate of Savannah College of Art and Design, Pressler took his master’s degree in 3D animation and launched a multimedia … Read more

Consider Opportunity Zones as part of a well-crafted tax plan

By Brian Duren, signing director  and Chris Dhanraj, managing principal of investments Since their introduction in the Tax Cuts and Jobs Act of 2017, Qualified Opportunity Zones (OZ) have attracted attention as an important tool to help mitigate income tax liabilities. And, despite the headlines focusing on rising inflation, rising interest rates and possible rising … Read more

Year-end planning to leverage the time value of money

By Heather Williams, CPA/CFP and Patricia Entsminger, CPA/CFE/CIA As the year winds down and the rush of tax season is still several months away, now is the perfect time to schedule a strategy session with your CPA, and financial team, to discuss tax planning to help minimize the financial impact for you, your family and … Read more