Financial Planning & Taxes
for Solopreneurs
Running your own business gives you freedom—but with it comes responsibility. As a solopreneur, your personal and business finances are deeply intertwined, requiring strategic planning to build wealth and minimize risks. At Greatstone Wealth, we help self-employed professionals like you design tax-efficient strategies, build retirement savings, and grow your business sustainably.
How We Help Solopreneurs Thrive
Retirement Planning: Build Your Nest Egg
Defined Benefit Plans: Maximize retirement contributions with a custom-defined benefit plan, ideal for high-income solopreneurs looking to grow wealth tax-efficiently.
Retirement Accounts: We help you establish flexible retirement accounts tailored to your goals, enabling you to maximize your contributions.
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, or other opportunities beyond traditional markets.
Tax-Efficient Investing: Utilize your retirement accounts and niche insurance strategies to grow investments tax-deferred.
Risk Management: Ensure long-term growth with balanced portfolios designed to weather market volatility.
