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October 16th 2023

Tax Strategies for Business Owners: Video

Every business is unique, and it’s important to implement the right tax strategies for you. By using tax-friendly strategies, you can potentially reduce your tax liability, boost your profits, and save for retirement. Now is the time to create a powerful retirement savings plan tailored to your business. Discover 5 ideas to optimize your tax strategy for a prosperous future.

  1. Max Out 401(k) Contributions
  2. Profit Sharing Contributions
  3. Cash Balance Plan
  4. Health Savings Account (HSA)
  5. Hiring Family Members

 

Greenspring Advisors

www.greenspringadvisors.com

One West Pennsylvania Avenue, Suite 500

Towson, Maryland 21204 | 443-564-4600

This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.

©401(k) Marketing, LLC.  All rights reserved. Proprietary and confidential.  Do not copy or distribute outside original intent.

Information contained herein has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. It is not intended as the primary basis for financial planning or investment decisions and should not be construed as advice meeting the particular investment needs of any investor. This material has been prepared for information purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Past performance is no guarantee of future results.

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