Business Owner
Advanced Tax Strategies for Business Owners and Executives
All business owners and executives have one thing in common; they all pay large tax bills. This presentation is meant to highlight the tax strategies that we use to lower the tax liability for business owners and executives. We will cover:
New tax strategies that have emerged from tax reform
Advanced plan designs for company retirement plans allowing larger pretax contributions
Windows of opportunity for Roth conversions
Leveraging your spouses access to various retirement accounts
Nontraditional use of HRA and HSA
Little known text secrets about 529 plans
Putting children on the payroll
Advanced strategy for charitable giving
Maximizing the new 199A Deduction
Pros and cons of changing to A different corporate entity structure
Employee Stock Options, Restricted Stock, Employee Stock Purchase Programs, and Taxes and Exercise Strategies
Employee stock options and restricted stock is a great benefit for employees, however, employees often have difficulty understanding how the benefits work, how the benefits will be taxed, and advanced strategies that financial planners and accountants use to reduce the tax liability when it comes time to invest or exercise options. This presentation will cover the following:
Understanding restricted stock
Incentive stock options
Non-qualified stock options
Tax impact of options and restricted stock
Strategies for reducing the tax liability
The impact on college financial aid
Knowing when it’s time to sell
Managing a concentrated holding
Employee stock purchase programs
The most common mistakes employees make when exercising options and restricted stock.
Preparing for Retirement
Planning financially for retirement is anything but easy. You have to determine how much you need to retire, your budget for healthcare costs, the best Social Security filing strategy, and how the tax impact of taking distributions from various retirement sources will effect your planning. In this presentation we will be covering:
How to plan expense-wise for retirement
How much you need to retire
Tax considerations in retirement
Social security filing strategies
Medicare and healthcare costs
Pension decisions
Preparing your investment portfolio for retirement
The most common mistakes that we see retirees make
Managing the risk of a long-term care event
Mergers and Acquisitions: Understanding the Impact on the Company’s Employer Sponsored Retirement Plan
When a business owner is looking to buy another company or sell their own company, very little attention is typically given to the employer sponsored retirement plan until the last minute, only to find out in the ninth inning of the deal that there is a minefield of problems that can cause buyers and sellers to walk away from the deal. These problems range from compliance problems, to difficulties merging plans after the deal is complete, to unforeseen tax events for your employees. This presentation will cover the following:
Stock sale: Impact on the import sponsor plan
Asset sale: Impact on the plan
The buyers viewpoint: What to watch out for
The sellers viewpoint: What to watch out for
The special grace period for combining the plans
Compliance issues to watch out for
Asking the seller to terminate their plan
Unforeseen consequences for the employees
The most common problems after the acquisition is complete
Special rules that apply when companies have two different types of retirement plans
Case studies: absolute disasters
Wills, Trusts, and Estate Planning
Most people realize that they should have a will, health proxy, power of attorney, and in some cases, a trust. Unfortunately, most people don’t get around to creating such documents when a tragedy occurs, causing them to realize that it is too late. If you have parents or grandparents over the age of 70 and think you may be serving as executor or trustee to their estate plan, it’s vital to know how these documents work and what your responsibilities entail. In this presentation we will review:
How to establish a will
Items that should be included in your will
What a health proxy does
Power of attorney documents
What is a trust and how do they work
Estate planning when you have minor children
Using trust to protect assets from a long-term event
Beneficiary designations on retirement accounts and life Insurance.
Most common mistakes we see people make with the estate planning
Advanced Tax Planning Using Employer Sponsored Retirement Plans
Employer sponsored retirement plans can often times be the most useful tool in reducing a clients tax liability, but each plan works differently, has different eligibility requirements, different contribution limits, and compliance requirements. This presentation is designed to help tax professionals understand the difference between these types of plans at a high-level, and we will use case studies to show advanced tax strategies that we use when implementing retirement plans for clients.
Brief overview of the different types of plans
SEP vs Simple Ira vs solo 401k
Contributing $300,000 pretax and a single tax year
Advance plan design options
Top compliance mistakes
Understanding discrimination testing
Text trigger events: loan defaults, excess deferrals, in Plan Roth conversions.
Mergers and acquisition‘s
Clients with more than one employer
Plan establishment deadlines
Case studies: The most common mistakes we see companies make with Employer sponsored retirement plans
Different Ways to Structure Ownership for Key Employees and New Equity Partners
If you are bringing in new partners or looking for ways to tie key employees to the business, there are multiple ways that you can structure ownership in the company. It is so important to get this decision right because the wrong decision can lead to disputes and litigation between you and your new partners. Unfortunately, this happens more frequently than you would think and we have had a front row seat to many of those disputes. This presentation will cover:
Giving ownership without giving equity
Structuring the buying for younger owners
Key provisions that you should have in your operating agreement
Phantom stock plans
Option plans
Executive deferred comp plans
Valuing the business
Tax implications of different buy in structures
Planning for a break up
The most common mistakes business owners make when bringing on new partners
Google, SEO, and Creating a Blog that Results in More Clients
This might seem like an odd topic for financial planner to be presenting on, but I have been on the same journey that many business owners have been as well; trying to attract more prospects to their company via Google search, blogging, and social media efforts. In September 2017, we only had 100 new visitors a month coming to our website, so we sought out the top specialist on search SEO and had them personally train us in each discipline. By February 2018, we had over 40,000 new visitors coming to our website a month. In years past, we had only grown from traditional marketing, referrals, and word-of-mouth, and this new source of prospects is now growing exponentially and producing results beyond just attracting new clients. In this presentation I will cover.
Why traditional marketing is dying
Understanding google search
New trends in how people are searching for information
New SEO tactics that work
Elements that you need to build your digital voice
What we learned on our journey to 40,000
Software and resources
Maximizing your time
The winning structure for blog articles
Measuring results
Going it your self or hiring professionals
The long tail strategy
Creating a niche: Perception is reality
Don’t assume you know how people are searching for you
Other Speaking Engagement Categories
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