How I Help…

I worked with a business owner client who was referred to me by one of our CPAs, and they really hadn’t done any tax planning up to this point. After reviewing their business, their goals, their current tax and retirement planning, I recommended that they consider funding a new 401(k) with profit sharing as well as a cash balance plan. Once they did so, their taxes went down significantly, and their savings outside the company went up substantially. They were also able to share some of the business profits with their employees. I call these examples “win-win”.