BusinessHub

If you're like most business owners, you're probably looking for some tax planning methods that will reduce your annual taxes. Here's an example that shows how using multiple entities in a business transfer of ownership can lower your tax burden.

Running a small businesses can be tough. Between staffing, compliance, policy creation, managing payroll, financial reports, and the 2,000 other things you have on your plate, sometimes the time you have “left over” (if there’s even such a thing) is marginal, at best. Consider the ins and outs of your responsibilities as an employer which include ever-changing regulations as they pertain to employee benefits, and well, you have yourself a recipe for stressed-out-losing-sleep-can’t-concentrate-on the-big-picture disaster. Welcome to running your own business!

Your business relies on its leaders to drive performance and achieve company goals. With the unemployment rate low and job opportunities plentiful, right now your key executives are especially at risk of getting poached by another company. To ensure you retain the employees most responsible for your company's success, you need a top-notch mix of rewards and benefits. One smart and valuable benefit to offer your company's executives is executive financial planning that addresses the unique financial needs and requirements of highly compensated executives.

With all the investments you're making to establish and maintain a thriving business, it can be easy for retirement savings to fall down on the list. If your retirement savings are a little weak or sickly, you can correct that retirement savings deficiency by using a cash balance plan and a health savings account (HSA), which help you aggressively build retirement savings while trimming your tax bill.

During any given year, plan sponsors engage a variety of service providers to perform various services for their retirement plan. It’s easy to allow inertia to take over and to approach these relationships with a mindset of “if it’s not broken, don’t fix it.” While that’s good advice and it’s not reasonable to make a change just for the sake of it, sometimes it helps to take a moment to ensure those you’ve tasked with helping you run an effective retirement plan continue to offer current and relative services.

The United States spends over 18% of Gross Domestic Product (GDP) a year on health care. The rate of growth in healthcare costs has become unsustainable and employers are now searching for innovative ways to reduce costs while providing competitive benefit programs for their employees.

If you're looking for a unique benefit solution that will provide your business’ key executives with life insurance and supplemental retirement benefits, split-dollar life insurance fits the bill perfectly.

Does your business transport goods from one place to another? If you do, then you need to know about Inland Marine insurance and how it can help protect your business and the things you transport. Learn the ins-and-outs about this insurance so you can make an informed decision on whether or not your business needs Inland Marine insurance.