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Tax Strategies for Business Owners

Tax Strategies for Business Owners

December 15, 2023

Tax Strategies for Business Owners

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

Watch the Video: 



Sheldon Nix | Financial Planner | WMCP®, RICP®

Christopher Bozzuto | Financial Advisor | CFP®


Encompass Wealth Advisers

100 Howe AVE Suite 120 S

Sacramento, CA  95825


Website: EncompassAdvisers.com


Email: Sheldon.Nix@AdvisorFocus.com

Phone: 916-861-0050 ext 231

CA License 0G53052


Email: Chris.Bozzuto@AdviserFocus.com

Phone: 916-277-9039

CA License 0H40552


Encompass Wealth Advisers is not a division of Mutual of Omaha Insurance Company. Securities offered through Mutual of Omaha Investor Services, Inc., a Registered Broker/Dealer, Member FINRA/SIPC. Encompass Wealth Advisers, Inc. and Mutual of Omaha Investor Services are not affiliated. Advisory services offered through Mutual of Omaha Investor Services, Inc., an SEC Registered Investment Advisory Firm. Trading instructions sent via e-mail will not be honored. Please contact my office at (800) 350-4656 or Mutual of Omaha Investor Services, Inc. at (800) 228-2499 for all buy or sell orders. Please note that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets.

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.

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