Business Services

Business Services

Financial Planning for Business Owners

Similar to personal financial planning, business financial planning is vital for self-employed clients in terms of asset protection, cash flow, debt management, investment management, and tax reduction. FIS can provide advice on many services available to self-employed and small business clients.

Financial Planning Association | FPA
National Association of Plan Advisors | NAPA

Retirement Plan Services for Business

Review Business Financials

FIS will review the company’s financials and can work with the client’s tax accountant to implement recommended tax strategies and/or a specific retirement plan.

Employee Benefits

Employee benefits are wonderful, if and when affordable.  Based on the goals of the business owner(s), FIS can recommend various employer/employee deductions and services that can defer and/or reduce company income taxes.

Risk Management

During the discovery process, FIS can identify potential gaps in coverage or opportunities for supplementary risk defense and/or premium reduction.  Furthermore, FIS reviews clients’ business succession plans to verify that the plans meet both personal and estate goals.

Group Insurance

A privately-held company can significantly reduce its insurance premiums for employees if it qualifies for a group rate.  Group insurance applies to healthcare, life, dental, disability, long-term care, and other insurances.  FIS can help clients get quotes for the bundling of these services to minimize costs and maximize coverage for their companies.

Retirement Plans

One of the major benefits of being self-employed or owning a small business is that an owner(s) can create a customized retirement plan tailored toward his/her retirement goals.   Retirement plans that provide tax breaks to the owner(s) and/or employees that meet certain IRS and ERISA rules are considered “Qualified” plans.  Retirement plans that don’t meet these guidelines are called “Non-Qualified” plans.

FIS can assist business owners in designing optimized retirement plans that can significantly reduce taxes and defer income for future retirement needs.

For more information, please visit our dedicated Retirement Services website