If you’re a business owner sitting on a highly appreciated asset, you’re probably staring down the barrel of a massive capital gains tax bill. But what if you could sell your business, avoid capital gains tax, generate lifetime income, leave a legacy to charity, and still pass on a tax-free inheritance to your heirs? Enter…
Business owners often overlook tax efficiency when setting up and the structure of their business and how it operates. However, optimizing your structure can significantly reduce tax liabilities and improve profitability. Whether you are launching a new venture or reassessing an existing one, understanding tax strategies is crucial. This guide will walk you through key…
In today’s competitive business environment, attracting and retaining top executives is a challenge. High performing executives expect competitive compensation packages that go beyond traditional salaries and 401(k) plans. One of the most powerful yet underutilized strategies for rewarding key employees is the Executive Bonus Plan under IRS Section 162. While structuring an executive bonus plan…