Financial Planning for Business Owners

Running a business means making financial decisions all the time. The challenge for many business owners is thinking beyond the decision in front of you and understanding how it could impact the way your business operates today and in the future.

That’s where thoughtful financial planning can make a real difference. Is an S-Corp election actually right for your business? How can you make sure you have enough cash on hand to cover upcoming expenses? And what can you do now to build a business that’s healthier, more profitable, and easier to sell? These are the kinds of questions a financial planner in the Network can help you work through with the full picture in mind.

Taxes, cash flow, business structure, and long-term business value don’t happen in isolation. A decision in one area affects it all. In this collection of advisor insights, you’ll learn how to think more strategically about your business finances and make decisions that support both the business you’re running today and the options you want to have tomorrow.

Advisor Insights ↘

Is an S-Corp Right for You? The Hidden Math Behind the 15.3% Tax Savings

By Neil Krishnaswamy, CFP®, Krishna Wealth Planning LLC

If you’re a small business owner scouring the internet for tax advice, you may have come across something like this: “Once your LLC makes $50,000, elect S-Corp status and instantly save 15.3% on payroll taxes!”