Helping you keep more of what you make
It's what you have after taxes that is more important than how much you make before taxes!
What you earn matters less than what you keep. Strictly speaking, tax laws and regulations are increasingly complex, and further change is a political certainty. The expectation of change does not prevent large corporations from taking advantage of current laws, and changing course as necessary. We believe our clients should have those same benefits.
Federal tax law may entitle you and your business to tax-advantaged benefits of executive officers and large “corporate” deductions. A few current techniques:
- The additional deductible retirement contributions permitted under EGTRRA and The Pension Protection Act of 2006 can provide not only increased deductions, but also increased retirement contributions with ERISA asset protection.
- The opportunity to pay substantial property and liability insurance premiums to a company or family-owned captive insurance company, deducting the appropriate premiums from ordinary income.
- Internal Revenue Code Section 79 permits tax-advantaged compensation for business owners which may operate something like a high income “Roth” for significant contributions per year and tax-free retirement income without Required Minimum Distribution (RMD) requirements.
We believe the best way to add to your bottom line is to keep more of the money you have already earned.
When you own and run your own business, you should be the one who reaps the majority of the benefits allowed to you under the current tax code. However, without advanced financial planning, you could be costing yourself tens, if not hundreds, of thousands of dollars in annual losses due to unnecessary income taxes!
If you are interested in calculate estimated annual losses to unnecessary income taxes, please go to the Loss Test page and take the test.
This site is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. We suggest that you consult with your financial or tax advisor with regard to your individual situation.
This site has been published in the United States for the residents of the United States. Persons mentioned in this site may only transact business in states in which they have been properly registered or are exempt from registration.