High-income business owners face a unique challenge: their personal and business finances are deeply intertwined, and taxes often feel like the single largest expense both personally and for the business. While most people think of tax savings in terms of deductions, business owners have opportunities to spend pre-tax dollars by structuring expenses through their entities…. [keep reading…]
Tag: Cash Balance Plans
An Intro to Cash Balance Plans
Ever wonder what exactly a cash balance plan entails? For your clients who own small businesses, opening a cash balance retirement plan might be a vehicle for delivering significant tax savings (and looking like a hero while doing it). What is a cash balance plan? As you know, there are two broad categories of tax-qualified,… [keep reading…]