Business Owner Financial and Tax Saving Strategies
Business Owner Financial and Tax Saving Strategies podcast explains financial and tax savings strategies so you as a business owner keep more of your hard earned dollars. We explore everything from how to set up your company's 401k retirement savings plan, run your 401k plan efficiently, and how to maximize your 401k savings. Your controller and CPA are not experts in financial planning or tax strategy savings across your personal and business life. This podcast will help you with some often missed common savings opportunities and lessor known strategies that will help you save more money. All legal.
Inspired by how much money Brandon realized he could have been saving as a small business owner over twenty years, This podcast is for all solopreneurs, entrepreneurs and small to medium sizes business owners so they don't leave money on the table.
Episodes
26 episodes
What Happens After The Safe Harbor Deadline
In today's episode what happens after the safe harbor deadline.
Types of Safe Harbors and Why You Need One
Types of safe harbors and why you need one.
Pros & Cons of a Simple IRA
Learn about the pros and cons of a simple IRA.
How to Build A 401k To Retain Employees
Learn how to build a 401k to retain employees.
Best 401ks for Restaurants
Learn what the 401k programs are for restaurant owners and their employees.
Best 401k for Attorneys
Not all 401k plans are the same. Different professions and businesses require building specific 401k plans to assure maximum savings for the owners.We go over the type of 401k plan design you want as attorney.
Switching form a Simple IRA to a 401k - SECURE 2.0 Updated Rule
How to switch from a Simple IRA to a 401k.This is a SECURE 2.0 updated rule.
Reminder SECURE 2.0 Tax Credits Available
In this episode we are going over the Secure 2.0 tax credits are still available.
How to Build a 401k for a Business with a Highly Paid Sales Team
In this episode we cover how to build a business with a highly paid sales team.
2024 401k Contribution Limits
We review the 2024 401k Contribution Limits that has been updated since 2023.
What is Auto-Enrollment in a 401k Plan, and Why You Need It.
What is Auto-Enrollment in a 401k Plan, and Why You Need It
Adding Profit Sharing to your Safe Harbor 401k
Adding Profit Sharing to your Safe Harbor 401k
Importance of Year End Income Planning for Your 401k Program
Year end incoming planning is VERY important when it comes to your 401k retirement plan for the existing tax year. Get the key things you need to decide and cut off dates to do it.
How to Double Dip Your 401k Retirement Plan as a Business Owner and Entrepreneur
How exactly to set up your 401k retirement plan to double dip in your company's 401k plan for yourself as a business owner and entrepreneur.
Advanced Profit Sharing 401k Retirement Savings Techniques for Successful Business Owners and Entrepreneurs
How to implement advanced profit sharing techniques for your company's 401k retirement savings plan that will allow you to save a lot of money tax free.
Mega Backdoor Roth 401k Strategy for Highly Successful Business Owners and Entrepreneurs
The Mega Backdoor 401k strategy, exactly how to implement them in your company and save big money for retirement as a business owner and entrepreneur...tax free.
Safe Harbor 401k Strategy for Highly Successful Business Owners and Entrepreneurs
Learn about Safe Harbor 401k retirement plans and how to implement them in your company to save money for retirement. You'll be surprised how much money you can save with this retirement savings strategy!
How to Stop Getting 401k Retirement Plan Refund Checks
A refund check from your 401k retirement plan means that money gets taxed and doesn't grow tax free. Matt explains how to fix that.
How Controlled Groups Work in 401k Retirement Plans
Learn how to navigate the gray areas of control groups and ensure fairness to employees. Discover the three rules of control groups, including parent subsidy, fifty percent threshold, and family attribution. The Controlled Groups 4...
What is a HCE in a 401k Plan and Navigating The Annual Testing Requirements
Understanding the Highly Compensated Employee (HCE) 401k retirement plan regulation is very important because if your plan fails the test for HCE's you could face fines. Learn all about what the definition of a Highly Compensated E...
Important 401k Retirement Plan Deadlines
We cover all the 401k retirement plan deadlines that you need to know so you don't miss out on contributing to your 401k retirement plan AND you don't miss any compliance deadlines.
Maximize Your Retirement Income
We cover how to maximize your retirement income as a business owner. The different options from 401k retirement plans and versions you probably haven't heard of, but should know, to ROTH IRA's and other types of IRA's.
401k Plan Audit Requirement - Annual Testing
We explain what the annual testing requirement so you're sure to be able to pass your 401k Plan Audit Requirements. These aren't hard once you understand them and you want to get them right so you avoid any files.
SECURE 2.0 Act of 2022 Sweeping Changes to SECURE 2.0 Act of 2022 Business Owners Need to Know
We go over the list of sweeping changes to 401k SECURE 2.0 Act that effects business owners. We explain the changes and how you can save more for yourself and your employees.SHOW NOTESSecure Act 2.0 is Congress’s latest attem...
