From inception to exit, this is what you need to know about integrating your business and personal finances: Week 1 → Jesse Porter, CFP® shared ideas to help you choose the right business entity. Week 2 → Kristin Carter, CPA talked strategies to reduce your taxes as a business owner. Week 3 → Shannon Lynch, CFP® covered how to pick the right retirement plan for your business. This week → Kyle Rudduck, CFA, CFP® is discussing how to plan for a sale of your business. The Manual is your resource for all this and more: https://lnkd.in/eb5esbNh
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ICYMI: this month we're covering everything you need to know about integrating your business and personal finances: Week 1 → Jesse Porter, CFP® shared ideas to help you choose the right business entity. Week 2 → Kristin Carter, CPA talked strategies to reduce your taxes as a business owner. This week → Shannon Lynch, CFP® is covering how to pick the right retirement plan for your business. From starting a business to planning an exit, the Manual is your resource for all this and more: https://lnkd.in/eb5esbNh
Collection: Successful Business Owner - Compound Manual
manual.compoundplanning.com
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With business owners, you've got to be mindful, because if you're triggering capital gains, you're increasing your passive investment income, which may impact your small business deduction if you're generating active business income
Business owners: Making sense of the new capital gains rules
https://www.moneytalkgo.com
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Selling your business is a big financial move, whether you're planning retirement, seeking financial freedom, or funding your next adventure. But how much is "enough"? Here are 2 key questions to consider: 1. When do you plan to exit? Setting a timeline helps determine the capital needed to support your lifestyle ⏲️ 2. What's next? Consider post-business plans like starting a new venture or transitioning to a different role 🚀 By aligning your lifestyle goals with a financial plan, you can calculate your ideal sale figure and negotiate from a position of clarity 🌟 Read more about this article on the link below. #BusinessSale #FinancialPlanning
How to calculate what’s “enough” when selling your business - Simple Solutions Financial Management
https://simplesolutionsfp.com
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“When I review my clients’ financial statements, it’s not uncommon to find hundreds of thousands of dollars sitting in “cash,” says Nancy Grouni, CFP, RRC, a Certified Financial Planner with Objective Financial Partners Inc. “In fact, it often comes as a surprise to new – and not so new – business owners that corporate savings can indeed be invested, and that money can grow in their corporations just like in any other investment account.” She looks into three aspects of corporate investing: What do I invest, how can I invest and how are corporate investments taxed? #wealthmanagement #hnwi #taxplanning #estateplanning #familybusiness #familyoffice #CanadianFamilyOffices
Business owners, you can – and likely should – be growing your corporate savings
canadianfamilyoffices.com
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Director of Rectory Green Financial Services Ltd. Associate Partner Practice of St. James's Place Wealth Management
Financial planning for your post-exit assets At a glance * Before you sell your business, you’ll need a detailed, tax-efficient plan for what to do with the proceeds. * Early engagement with a financial adviser is vital. We can help you solidify your post-exit goals and use cash-flow modelling to work out the lump sum needed to maintain your lifestyle. * It’s also important to be aware of Capital Gains Tax liabilities and take advantage of the reliefs that are available to you, such as Business Asset Disposal Relief. Selling your business will hopefully bring you a satisfying sum of money. But without a solid plan for how to use sale proceeds, that new asset can quickly become a headache. You may have a rough idea about how you want to spend or invest the lump sum when it comes. But a more in-depth plan will help you understand crucial details such as exactly how much you need for future goals such as retirement; how to invest for income; and how to achieve your aims tax-efficiently. #sale #CGT #businessassets
Financial planning for your post-exit assets
rectorygreenfs.co.uk
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Welcoming new clients. Working with professionals, business owners and families to provide reliable and expert financial planning.
Whether you are drawing closer to your exit or starting to consider it, making sure you have an in-depth financial plan will help you understand crucial details when selling your business. For example, helping to solidify your post-exit goals and regularly reviewing your plan to update in line with changes in your business, personal life and the economy: https://lnkd.in/e4JnN3eH #ExitPlanning #BusinessOwners #sme #futureplanning #wealthmanagement
Financial planning for your post-exit assets
ockendenfp.co.uk
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Providing Financial Advice to Individuals, Families and Business Owners - Three Hills Wealth Management
Whether you are drawing closer to your exit or starting to consider it, making sure you have an in-depth financial plan will help you understand crucial details when selling your business. For example, helping to solidify your post-exit goals and regularly reviewing your plan to update in line with changes in your business, personal life and the economy: https://lnkd.in/eMG9VF7h #ExitPlanning #BusinessOwners #sme #futureplanning #wealthmanagement
Financial planning for your post-exit assets
threehillswealth.co.uk
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Cultivating Wealth: High-Impact Saving for Business Owners Cultivating wealth as a business owner involves more than just earning income—it requires strategic financial planning. Paul Williams Short explores the realm of high-impact saving, covering key aspects such as establishing a robust financial foundation, investing in growth-oriented opportunities, tax-efficient accumulations, debt evaluation, and perpetual financial enlightenment through expert counsel. Key Takeaways for Business Owners: 1. Solid Financial Foundation: Learn the importance of creating an emergency fund covering 3–6 months of operating expenses to ensure financial stability. Separate personal and business finances for streamlined bookkeeping and protection of personal assets. 2. Invest in Growth: Explore the significance of reinvesting profits back into the business for long-term growth. Diversify investments across various assets to mitigate risks associated with market volatility. 3. Tax-Efficient Accumulations: Master tax-efficient strategies to accumulate retirement funds while reducing annual taxable income. Collaborate with tax advisors to maximise deductions and credits. Continue reading for more ideas and secure the financial feasibility of your business in dynamic market conditions. #BusinessWealth #FinancialStrategies #EntrepreneurialSuccess #WealthCultivation #BusinessFinance
Cultivating Wealth: High-Impact Saving for Business Owners Cultivating wealth as a business owner involves more than just earning income—it requires strategic financial planning. Paul Williams Short explores the realm of high-impact saving, covering key aspects such as establishing a robust financial foundation, investing in growth-oriented opportunities, tax-efficient accumulations, debt eval
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Whether you are drawing closer to your exit or starting to consider it, making sure you have an in-depth financial plan will help you understand crucial details when selling your business. For example, helping to solidify your post-exit goals and regularly reviewing your plan to update in line with changes in your business, personal life and the economy: https://lnkd.in/eMMmR_es #ExitPlanning #BusinessOwners #sme #futureplanning #wealthmanagement
Financial planning for your post-exit assets
rkpwealthmanagement.co.uk
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Whether you are drawing closer to your exit or starting to consider it, making sure you have an in-depth financial plan will help you understand crucial details when selling your business. For example, helping to solidify your post-exit goals and regularly reviewing your plan to update in line with changes in your business, personal life and the economy: https://lnkd.in/eUMwr_ry #ExitPlanning #BusinessOwners #sme #futureplanning #wealthmanagement
Financial planning for your post-exit assets
wildandwildwm.co.uk
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