Financial Planning & Taxes
for Business Owners & Solopreneurs
Running a business—whether you're a business owner or a solopreneur—gives you freedom and opportunity, but it also brings complexity. Your personal and business finances are closely intertwined, requiring thoughtful planning to minimize taxes, grow wealth, and protect your assets. At Greatstone Wealth, we design tax-efficient strategies, retirement plans, and investment solutions tailored to your goals, ensuring your business thrives while securing your financial future.
How We Help Business Owners Thrive
Retirement Planning: Build Your Nest Egg
Cash Balance Plans: Boost retirement savings with a hybrid plan that allows for larger contributions than traditional 401(k)s, while offering tax benefits.
401(k) Plans with Employer Matching: Establish a 401(k) or SIMPLE IRA to attract and retain top talent while reducing your taxable income.
Executive Compensation Plans: Create deferred compensation strategies to reward key employees and manage long-term growth.
Tax-Deferred Growth Strategies: Reduce your taxable income today while saving for tomorrow with well-structured retirement plans.
Strategies for Maximum Performance
Maximize Tax Efficiency
Choosing the right business structure can save you thousands in taxes. We guide you through:
S-Corp/C-Corp vs. LLC: Identify the most efficient structure to reduce self-employment taxes and manage income.
Business Exit and Sale Planning: When it’s time to sell your business, we guide you through strategies to minimize capital gains taxes and protect your wealth. This includes using monetized installment sales and advanced techniques like Private Placement Life Insurance (PPLI) to act as a tax-efficient wrapper. With our expert planning, you can maximize proceeds while shielding gains from unnecessary tax exposure.
Tax Credits: We specialize in R&D tax credits and time-sensitive credits to reduce your tax liability. Industries such as HVAC services, breweries, dental surgery, nonprofits, energy production, and others involved in product development or process improvements may qualify for these lucrative tax credits.
Alternative Investments: Explore real estate, energy, and private equity opportunities beyond traditional markets.
Tax-Efficient Investing: Use retirement accounts and niche insurance strategies to grow your investments tax-deferred.
Risk Management: Ensure sustainable growth with balanced portfolios designed to navigate market volatility.
Investment Planning
Grow and Diversify Your Wealth
Employee Benefits and Risk Management
Secure Your Workforce
Group Health Insurance and Benefits Packages: Offer competitive health and wellness plans to support employee retention.
Key Person Insurance: Protect your business from the unexpected loss of key employees with insurance that covers lost revenue, recruitment costs, and debt obligations. This coverage ensures your business can remain stable and continue growing, even during unforeseen transitions.
Group Life Insurance for Employees: Offer your team peace of mind with employer-sponsored life insurance. This valuable benefit can help attract and retain talent, providing coverage that protects employees' families in the event of an unexpected loss, while also offering optional supplemental life insurance for enhanced protection.
