BUSINESS PLanning AND EMPLOYEE BENEFITS
Business owners have unique needs, namely, how to recruit, retain and reward employees (one of their most valuable assets), and how to ensure continuation of their business in the event of the death, disability or retirement of an owner, partner, or key employee. One of the ways employers may recruit and retain talented employees is provide competitive employee benefits, such as:
- Group Health Insurance, Life Insurance, Disability Income Insurance and Long-Term Care Insurance
- Employer-Sponsored Retirement Plans
- Voluntary Benefits
- Flexible Spending Accounts
- Health Savings Accounts
Equally as important, business owners need to maximize their dollars and leverage their spending – especially during challenging economic times.
I assist businesses, in conjunction with their tax and legal advisors, in developing cost-effective and tax-efficient employee benefit programs, employer-sponsored retirement plans, executive compensation packages and business continuation and succession strategies.
Our goal is to help you navigate the challenges posed to business owners in today’s complex benefits world. Employers want to attract and retain employees by offering valuable benefits, but they also need to manage expenses.
Group and Voluntary Life Insurance, Disability Income Insurance and Long-Term Care Insurance benefits, as well as Dental and Vision plans, are crucial financial strategies for many employees these days. An employer may provide real value to his employees with these benefits at little to no expense cost to the bottom line. We’ll help you measure this value. Our knowledge and experience can assist you in implementing the most cost-effective, tax-efficient, and strategic benefits packages to support your firm’s objectives.
Employer-sponsored retirement plans provide employers with a competitive advantage in attracting and retaining quality employees and provide those employees with a convenient method to save for retirement. These plans also offer participants significant tax advantages. Regardless of the size of your business, we will help you choose the plan that best addresses your financial needs and goals.
Business Succession
- Do you have an exit strategy for your business?
- Will you sell your business or give it away?
- What would happen to your business if you suddenly passed away or became disabled?
- How would your business fare in the event your partner or a key employee died or became disabled?
- Should you transfer your ownership interest to family members, co-owners, employees, or an outside party?
Your business is an asset you’ve worked hard to grow, and these are just a few of the questions you’ll need to answer when developing your succession plan — an essential step in protecting your company, employees, and family. We can help you develop the most tax-efficient and cost-effective method for transferring your firm in line with your wishes.