Businesses often fail to take full advantage of tax savings opportunities that are available to them. This article provides a high level overview of one such tax savings opportunity, namely, non-qualified deferred compensation plans.
What is Deferred Compensation?
Deferred compensation generally includes payments earned in a year prior to the year in which the payment is made [...]

Life has its own way of rearranging personal financial goals. What was important yesterday may be less important today, and even less important tomorrow. Therein lies the conundrum. How do we identify and set financial goals that will be just as important in the future, when the future is so uncertain? [...]

The Limited Liability Company (LLC) is a flexible legal entity that allows taxpayers to elect how they want to account for their state and federal tax liabilities. Unfortunately many taxpayers do not understand issues surrounding whether they should use the LLC and in what form to achieve their tax and asset protection goals. This article [...]

If you run a small business, you’ve got no shortage of concerns: cash flow, marketing, the ebb and flow of the economy - you name it. In fact, you have so many issues to ponder, you might find it hard to take the time to choose a retirement plan for your business. And yet, it’s [...]

There are a number of retirement plan options available to small business owners. Yet for older higher income business owners, the best option might be the least used option – defined benefit pension plans.
Defined benefit plans are often referred to as pension plans, because they provide a guaranteed retirement benefit and they must be funded [...]