Daughter Knows Best

“The business has grown beyond my dad’s wildest dreams,” says Jody. “He thought it would be a simple tax practice, but it’s grown so much that we now use contractors and are considering hiring in-firm staff. It’s hard to let go, but I know that I either have to learn how to let others manage some of the work or else find a way to replicate myself.”

And as far as her father using the words retirement or exit planning … well, the proud daughter also knows that taxation is in his blood. “He’s still an expert in the field and continues to write white papers and figure out new strategies on tax laws. So as much as he says he will be gone in three years, I know he’ll still be available and eager to lend his experience.”