5 MACRO AREAS OF BUSINESS ADVISING
Systematic Investing & Liquidity Efficiency
Has your personal life been impacted by your business’s increasing balance sheet risk?
We understand the importance of reinvesting back into your business. However, do you have a systematic plan to diversify balance sheet risk and continue to drive growth through reinvestment? It is a necessity to deploy capital that reduces balance sheet risk. The key is knowing how to exit money from your business in the most timely and tax-efficient way.
Asset Protection
Are you worried about threats from within your company or threats outside of your company?
If you are a business owner and you have experienced success you are vulnerable to predators, naturally litigious or envious. These threats can be inside your company or out. Through the right asset protection plan, you may be able to avoid risks and vulnerabilities associated with predators.
Death Planning
Have you thought about what will happen to your business upon your immediate death?
Planning for unexpected deaths is important for the future of your business. Have you determined whether you want your business to be sold or continued upon your immediate death? You may have the answer, but have you put a strategy in place to allow your wish to occur? This scenario is more complicated than some firms are willing to tackle. However, the importance of having a plan for this scenario can not be overstated.
Tax Reduction
Does your business currently have a tax strategy that proactively reduces future taxes?
We understand business owners are most likely in business due to their entrepreneurial spirit, rather than being tax savvy. That entrepreneurial personality is what drives increasing revenue, profits, and taxes. At the same time, however, you will likely have imperatively important times in your life that may take some focus away from important facets of your business. Taxes can become one of your biggest enemies. Don’t allow your business to be burdened with taxes. Plan to reduce or eliminate the tax burden with a financial plan unique to your business’s financial objectives.
Tax Free Planning
Are you currently investing money tax-free? If not, you definitely should be!
Our team offers six different opportunities for you to invest money tax-free. Are you taking advantage of these six investment options? If you believe it is crucial for your business to invest money tax-free or are currently paying taxes on money that could be tax-free, then it is time to talk to the Precision Wealth Strategies team. Through a transparent and detailed plan, you can ensure your business is getting the most out of its investments. This plan includes the future sale of your business or real estate!
Are you a business owner wondering if you could be doing more for yourself and your employees? Get in touch to learn about unique investment and financial planning strategies for your business!
Q3
Are You Planning for Quarter 3?
Action Items to Address in July, August, September
- Is everyone on the same page for the strategic plan?
- What specific tactics need to be scheduled?
- Have recent events caused the need for changes in your financial plan?