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Information for

Business Owners & Entrpreneurs

Experience the ‘Baker Wealth Strategies’ Difference

Business owners deserve the unique concierge wealth management we provide.

Teamed with hundreds of financial professionals across the country

Over 125 Million $

Combined Tax Savings

More than 40,000

Businesses Served

200+ Finance Professionals

working for you

Over 2000 Years

of combined experience

Wealth Management Starts Today

Tax Planning

Let’s have a conversation.

You: I have a CPA.

Me: That’s great! But do you know there is a difference between “tax planning” and “tax preparation”.

You: Huh?

Tax preparation: is the reactionary but legally required act of accounting and submission of your company’s annual revenue to determine the IRS’s portion of your profit. In preparation you are only documenting what happened in the past.

Tax Planning: is the proactive practice of designing and implementing a set of legal strategies, using the rules from the tax code, to arrange your affairs in a way to minimize tax. Planning is forward looking with the result of keeping more of your profit.

Note: The result of good tax planning is the reduction of what you send to the IRS during tax preparation, keeping more of your hard earned profit.

With less than 12% of business owners having completed and implemented a tax plan, the uniqueness of entrepreneurial wealth management often starts here. When it comes to wealth management for business owner’s, tax planning has a significant, semi-immediate (12 to 18 months) and residual (annual) increase in an entrepreneur’s income.

By starting with tax planning we begin to unlock a business owner’s financial potential without increasing sales, services and management workloads. Rather, working hand-in-hand with entrepreneurs we increase annual income for the purpose of savings, business succession, growth and retirement.

Tax Planning Starts with an

Extensive Review

Bullet Point Breakdown

Deduction Review

  • Home Office
  • Travel Expenses
  • Meal Categories
  • Hiring Children & Grandparents
  • Maximize Depreciation
  • Health Care Strategies
  • Fringe Benefits
  • Accountable Plans
  • Medical Reimbursement Plan
  • Home Administrative Office
  • And More

Legal Entity Review

  • Sole Proprietorship
  • Partnership
  • C Corporation
  • S Corporation
  • Multi-entity Considerations
  • Non-Income Considerations
  • QBI Deduction Review
  • Multi-Owner Considerations

Retirement Review & Tax Planning

  • Profit-sharing
  • Retirement Plan
  • Traditional 401(k)
  • Roth 401(k)
  • Cash Balance Plan
  • Self-Directed Retirement Funds
  • Defined Benefit Plans
  • 412e3 Plans

Asset Protection Considerations

  • Tenancy By Entirety Review
  • Homestead Exemption
  • IRA
  • Roth IRA
  • Statutes & Special Provisions
  • Life Insurance Proceeds
  • Life Insurance Cash Value
  • Annuity Cash Value and/or Payments

Tax Cuts & Jobs Act Review

  • 199A
  • C-Corp Tax Rate
  • Opportunity Zone Credit
  • Favorable Depreciation Rules
  • Non-Grantor Trusts and Section 199A
  • Non-Grantor Trusts and Section 1202
  • C Corps and the “GILTI” Tax
  • C Corps and FDII

Followed by ACTION!!!

Strategy Implementation

Your success is our goal! Our passion is driven from the desire to engage with action oriented individuals. Having the courage and fortitude to step into the world of business ownership sets you apart. You have taken the most difficult step; the first one!

We celebrate your resolve and ask for the opportunity to be part of your journey. We are a unique team bringing to the table extensive financial and legal expertise, providing actionable advice and guidance. Stepping out on your own into business ownership doesn’t mean going it alone. We will be there.

As community centered individuals the Baker Wealth Strategies team values every opportunity we are given to serve. Let us know how we can serve you.

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