Starting a business offers independence, family support, and flexibility, but it also brings responsibilities that extend far beyond your immediate circle. Your employees are not just contributors to your business; they are the backbone that upholds your enterprise. Ensuring their well-being and securing the future of your business requires a strategic approach that balances growth with protection.
We'll work with you to:
Effective cash flow management is vital for maintaining the day-to-day operations of your business. We’ll help you implement strategies designed to ensure liquidity while planning for reinvestment and expansion opportunities.
A well-thought-out succession plan is essential for the longevity of your business. Whether planning for retirement, transitioning ownership, or selling the business, we’ll guide you through the complexities of succession planning to help ensure a smooth transition.
Reducing your tax burden while maintaining compliance is critical to maximizing profits. We’ll collaborate with tax professionals to create strategies that align with your business goals, including tax deferral, credits, and deductions.
Safeguarding your business’s physical and intellectual assets is crucial for long-term success. We’ll advise on the best insurance solutions and legal protections to shield your business from unforeseen events.
Whether expanding operations, entering new markets, or acquiring another business, growth requires careful planning. We’ll assist in developing a financial strategy that supports sustainable growth and mitigates risks associated with expansion.
Beyond planning for your retirement, it’s important to consider the retirement needs of your employees. We’ll help you select and design retirement plans that are both beneficial to your employees and aligned with your financial capabilities.
Keeping your top talent is key to maintaining a competitive edge. We’ll explore compensation structures, benefits packages, and incentives that not only attract top talent but also encourage long-term retention.
- Business Retirement Plans
When it comes to selecting and managing the right retirement plan for your business, we’ll consider and help you decide from the following:
SEP IRA
(Simplified Employee Pension)
Ideal for small businesses, a SEP IRA allows business owners to contribute directly to their employees’ retirement savings. Contributions are tax-deductible and the plan is easy to set up and maintain.
SIMPLE IRA
(Savings Incentive Match Plan for Employees)
This plan is suited for small businesses with 100 or fewer employees. It offers a simple and cost-effective way to contribute to your employees’ retirement while giving them the option to contribute as well.
401(k) Plan
A 401(k) plan allows employees to contribute a portion of their salary to a retirement account, often with employer matching contributions. This plan can be customized with features like profit-sharing, Roth options, and safe harbor provisions to maximize benefits.
Solo 401(k)
Specifically designed for self-employed business owners with no employees, the Solo 401(k) allows for higher contribution limits than traditional IRAs, offering significant tax advantages and flexible investment options.
Profit-Sharing Plan
A profit-sharing plan gives business owners the flexibility to decide how much to contribute to employees’ retirement accounts each year based on the company’s profitability. This plan can be combined with a 401(k) to offer even more robust benefits.
Defined Benefit Plan
For business owners looking to offer substantial retirement benefits, a defined benefit plan provides a guaranteed payout upon retirement. This plan is more complex and expensive to administer, but it offers the potential for large tax-deferred contributions.
- Our expertise
Personalized strategies for a comfortable and enjoyable retirement
Protect your future with life, disability, and long-term care insurance
Strategic, tax-efficient investment strategies with forward-thinking insight
