As provided for in the 2017 Tax Cuts and Jobs Act, qualified opportunity zones (QOZ) offer specific tax incentives designed to promote long-term investment into designated developing neighborhoods across the country. This strategy can provide a way to defer, reduce or even eliminate capital gains.

• STRATEGY TERMS: Multi-year
• BENEFIT: Defer, reduce or eliminate some capital gains
• RECOMMENDED FOR: Accredited investors with realized capital gains from the sale of investments (i.e., stocks and bonds), buildings, business interests, etc.

There are numerous tax credits that could be applied based on your particular business activities. Unlike a deduction, Tax Credits are applied dollar for dollar to reduce your tax bill.

Every business owner spends money on necessary goods, services and equipment.  Planning these expenditures and utilizing the correct depreciation methodologies could alleviate unwanted cash flow and profitability issues associated with unexpected business expenses.

Funding your retirement can be an enormous undertaking. It can also warrant large tax bills associated with your withdrawals when the time comes to use it. Allocating your retirement funds into tax advantaged vehicles and environments today will promote lower tax liabilities when you really need it most.

Operating a successful business is not a simple task.  With so much going on its easy to get lost in the day to day shuffle. There are critical variables within every business that require time and effort  to ensure optimal performance is achieved. Through our “Business Ratio Diagnostics”, we can pinpoint areas of the business where opportunities for improvement can be made. Optimizing these areas by implementing our recommendations will ensure healthy cash flow and value for business owners.

You’ve worked hard in your life and now you’d like to preserve your wealth and provide for your family’s next generation. Our team of experienced professionals can help drive communication and teach your heirs how to navigate new responsibilities and opportunities according to your family values. Our role is to help create balance in your legacy goals and develop a strategy that avoids pitfalls and conflict.

Every entrepreneur wants their business to be desirable when the time comes to exit.  With proper exit and succession planning you could ensure your business continues to become more valuable over the course of time.  Whether you sell, merge or  leave it for another operator, you deserve the appropriate compensation for your hard earned time and  effort.

Gaining financial predictability about your invested assets ensures continued growth for generations. Utilizing risk adjusted portfolios could strengthen several aspects of your financial future. Working alongside performance-based experts allows for accountability and benchmarking so you can focus on results. Primary results are achieved through decision making disciplines that generate interest income. Secondary benefits in this approach could be estate and protection plan execution. Each of these components are also essential for creating generational wealth and ensuring your legacy. Working and communicating with experts from all three disciplines can be challenging. Our team integrates the three disciplines and navigates the path to generational wealth. Ensure your legacy is built and preserved the way you deserve.

Starting a new business or purchasing an existing one is an exciting move towards building more wealth. Selecting a business entity is a requirement and each has its own advantages, disadvantages, and special rules. There are three categories aside from a sole proprietorship to choose from — partnerships, corporations, and limited liability companies. Although one of these choices may be favorable when you start out, it may need to be re-evaluated as your business evolves. An experienced attorney and tax advisor can help you determine which form of ownership is best for your business.

Captive insurance is a form of self-insurance, where a business creates its own coverage or supplemental coverage. The benefits of this type of program include protection for the business and financial advantages for the owner.

Purchasing life insurance protects what you have spent your whole life accumulating and is a key part of looking after your family once you’re gone. There are many types of life insurance policies — from traditional life insurance to universal life and variable life with a myriad of choices for each. We can help you make sense of it and make recommendations based on your circumstances.