Tax Reduction and Elimination – Integrity Financial Business & Corporate Services

REDUCE YOUR 6-FIGURE TAX LIABILITY WITH OURTax Reduction & Elimination

Tax Reduction and Tax Redirection: What do we mean? Taking what was a tax liability or a current tax arrangement and doing a modification and redirection toward a retirement plan suited for executives that will include bonuses and even double bonuses to give you 4-5 options at the end of your business that you would be able to enjoy.

Captive Insurance

A captive insurance company is a property and casualty insurance company that is established to provide coverage primarily to a Parent Operating Company. Captives are an effective risk management strategy to insure against risks for which commercial insurance is not available or may be too expensive.

Section 162 Executive Bonus Plan

U.S. Code § 162, Executive Bonus Plan is a win-win situation. The company normally gets to deduct the annual amount of the bonus and the employee received an additional benefit. The employer selects the executives they wish to benefit; along with the benefit level. The plan requires no administration other than regular payroll and can be terminated by company at any time.

Supplemental Retirement Plans

An effective planning strategy that provides an effective way for a business to supplement the retirement benefits of its key executives. Plan benefits can be tailored for each executive, with no consistency requirements and no minimum vesting rules. Plan benefits are tax deductible to business when they are paid.

Section 179 Equipment Purchases

U.S. Code § 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the full purchase price from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.

Buy Sell Agreement

Comprehensive Buy Sell Agreements are designed to secure the company against the 8 – 10 major events that could cause the company to dramatically change or completely cease operation. Examples of a few events would include Louisiana Divorce, Dis-Interest, and Terminal Illness.

Non-Qualified Deferred Compensation

Non-qualified deferred compensation is an arrangement established by employers to provide retirement income and often death and/or disability benefits to selected managerial or highly compensated employees. When properly arranged, the employer can defer income taxation of the deferred amounts until the benefits are paid.

Defined Benefits

A Defined Benefit plan can be an extremely effective tool in securing key people to help you grow your business/practice over the long term. What many planners miss is the opportunity to create a truly customized plan that not only includes insurance products, but other meaningful and tangible contributions to the employee that they actually care more about.

Split Dollar Arrangement

Split Dollar arrangements are a cost and tax effective way to provide life insurance benefits for select employees. The employer pays all policy premiums and the death benefit is split between the employer and the employee’s beneficiary.

Section 79 Group Insurance

U.S. Code § 79: A business may provide group insurance (Term or Permanent) and take an income tax deduction of premiums paid (which may have a signification effect on corporate and personal tax liability) and have employees receive favorable taxation on the coverage. No government approval is required; minimum record-keeping; and tax deducts premiums annually contributed.

Carve Outs

One of the greatest frustrations for business owners is that in most retirement planning platforms, there is never a large enough carve out. Most plans require the the owners to involve all employees and then use a percentage to determine their own contribution. The highest of those percentages, generally works out to $100k – $125k. Our business owners implementing our planning concepts can carve out up to $1 million per owner into their retirement plans.

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WE'LL WORK WITH YOUWhat To Expect

You will experience the highest level of professionalism encountered in the financial services space.

All who serve you, will exhibit the highest levels of character and competence so you can trust us.

Our process is both direct and timely making best use of your time and money.

Tax Reduction Process for Every Stage in the Client's Journey

Submission

Last three years of business and personal tax filings will be required. Year-to-date financials will be required as well. Also, 1 year of corporate banking statements.

Meeting

A scheduled meeting with your assigned tax specialist to review our findings and reveal your reduction and elimination opportunities.

Strategy Implementation

Our clients’ favorite part is to witness monies that were previously removed from the business now become part of their executive retirement plans or business cashflow.

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Use the results every day to get real-time data about geographical distribution, product usage, or user behavior to boost ROI by 15-25%

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Bring to the table win-win survival strategies to ensure proactive domination. At the end of the day, going forward, a new normal

F.A.Q.

Do you have additional questions?

What Mobile Application Development Services Do You Offer?

Please note that we cannot help our clients raise capital. This is a service that is heavily regulated. In general, only brokers licensed with the Financial Industry Regulatory Authority (FINRA) can legally offer this type of service. Please make sure that any “finder” you talk to is properly licensed with FINRA before you hire them. Podcasting operational change management inside of workflows to establish a framework. Taking seamless key performance indicators offline.

Are Mobile App Development Solutions Up-to-Date?

We help entrepreneurs get ready to raise capital. This usually consists of some or all of the following services.

Who Works for Your Mobile App Development Company?

Business plan development
Financial forecast development
Pitch deck (investor presentation) preparation
Strategy development
Market research and analysis
Competitor research and analysis
Financial analysis
General coaching and advisory services
Capital formation strategy

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