A recent survey of small business owners revealed that 34% of them do not even have a retirement savings plan, yet 48% hope to retire between 40 and 65.
It's estimated that 80% of Americans who lost their homes in the past recession would not have lost their home if they had $300-$500 more each month in cash-flow.
Truth is, most small business owners will almost always choose to put their money back into the business, sacrificing their own well being for that of their company.
For better or worse, small business owners are committed to their business. It's staggering to consider that so many people lost their homes for such little cash-flow.
Take control and manage your cash-flow. This is our mantra. If you don't have a business, start one. It's never been more important, especially after the Trump Tax Plan.
And if you're thinking the new tax plan isn't fair, you're right. If you don't have a business, start one, otherwise, you are going to lose out on some deductions.
Your taxable income is the gateway to getting a big tax break, or not at all. And if you're over the income threshold, the calculations for tax breaks gets more complicated.
With so many other concerns and emergencies that clamor for your cash-flow, it's understandable that your profit margin and financial goals don't get prioritized.
If you haven't put aside any funds for retirement, it's not too late. We can help you find an extra $300-$500 per month, from your cash-flow and/or tax savings.
The Trump Tax Plan has changed year-end tax planning. If you wait until next year or 'tax season' to find out how it's changed, you could be loosing valuable cash-flow.
Spend less time stressing about cash-flow and more time leveraging your cash-flow to create lasting wealth. You owe it to yourself and your family.
Contact us today to get a free review of your business entity structure, accounting system, and tax plan to make sure you're maximizing profits and minimizing taxes.