Business Services

Businesses today need a strong and knowledgeable financial partner who can offer the right financial strategy to support its continued growth and success.  Tax & Financial Group can help your business in providing cost-effective benefits for employees and key executives, effectuating tax leverage, and achieving your personal financial goals.  We provide an array of business and financial services with the guidance of highly knowledgeable, capable, and experienced professionals.  

Employee and Key-Executive Benefits Planning

Effective benefit programs allow your company to retain, motivate, and recruit the right people for your company, and at the same time, they can provide your business with valuable tax advantages.  TFG offers a variety of programs that can be tailored to meet the needs of your business and your employees from retirement plans to executive compensation programs

Retirement Programs for Employees

• 401(k) plans
• Profit-sharing plans
• Pension plans
• Simplified employee pension plans
• Keogh plans
• SIMPLE plans

Executive Compensation Programs

• Bonus plans
• Deferred compensation plans
• Split dollar plans
• Non-qualified retirement plans

Employee Advising and Consultations

We understand that employees, like businesses, have a need for professionals to help them in their wealth management.  As an added service, we offer seminars throughout the year and individual consultations to help educate employees and executives with their financial needs.

Business Continuation Programs

Is your business prepared for the departure or death of an owner or a key employee? Companies depend on their owners and key personnel for guidance and knowledge with their daily operation.  We can help your business minimize the effect of such a loss through:

• Key-Person plans
• Buy / Sell agreements
• Stock Redemption plans

An Integrated Approach to Business and Personal Wealth Management

As a business owner, your business and personal financial needs are tied together.  We can help you develop and implement an integrated approach to meet your financial goals and objectives through the following:

Asset Accumulation and Distribution

• Individual Retirement Accounts (IRAs)
• Mutual Funds
• Asset Management
• Annuities

Asset Protection

• Disability Insurance
• Individual Life Insurance
• Estate Planning 
• Long-Term Care Insurance

To arrange for a complimentary, no obligation consultation regarding your business services needs, please email us at info@tfgroup.com.

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Group Benefits

Tax & Financial Group offers employee benefit broker services to companies of all sizes.  We are committed to sustaining a leadership position in the brokerage and consulting community through excellence in plan design, implementation, and services specially developed for our clients; benefit needs in the following areas: 

Services

• Assist in identification of employee benefit goals
• Analyze existing plan in light of goals
• Develop benefit strategy to meet goals
• Market plan to obtain competitive quotes
• Analyze carrier proposals and make recommendations
• Develop multimedia and printed employee communication materials
• Conduct employee orientations
• Provide on-site administrative training
• Review contracts
• Track day-to-day services provided by CMDS*
• Conduct continuing review of benefit and cost performance
• Negotiate competitive renewal actions
• Develop effective approaches to ongoing benefit cost management
• Provide legislative updates
• Advise of changes in concepts and new benefit developments
• Administration of COBRA continuation coverage
• Section 125 Premium Only arrangements
• 800 toll-free number for easy access
• Full Flex (Cafeteria) plans
• Financial Planning - seminars and personal plans

Products

• Health Insurance
• COBRA Administration
• Dental and Vision Insurance
• Pre-Tax Benefits/ Cafeteria Plans
• Voluntary Benefits
• Group Disability
• Group Life
• Long-Term Care

Once your plans are in place, our Service Department is available on a day-to-day basis to solve problems or to answer questions.  Our unique Internet-based Client Member Documentation System (CMDS) enables us to track and report service in a quick and efficient manner.

The CMDS database was designed to serve our clients. It is based upon direct contact with covered individuals who cannot satisfactorily resolve their problems through normal channels provided by the plan. It reflects our understanding of our clients' often unmet needs.

If you are in the process of developing a benefits strategy, analyzing your existing plan, or simply seeking a quote, please email us at info@tfgroup.com to arrange for a complimentary consultation.

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Business Succession Planning

What is business transition planning?

Business transition planning is the process of gaining freedom from your business.  Whether your intention is to transfer your business to your children, sell it to key employees, sell to a competitor, or just wind it down, having a plan in advance improves your opportunity for success.  When the business owner fails to plan, even the most successful business can become a liability to the owner or to his or her heirs.  

What are the benefits of having a plan?

A well-designed plan can help the owner to achieve a variety of goals depending on his or her specific situation and objectives.  For example, a transition plan may allow the business owner to:

•    Monetize value that is locked inside the company
•    Gain personal freedom from the day-to-day obligations of running the business
•    Share the responsibility and rewards of ownership with key employees or family members
•    Reduce gift, estate and income taxes related to any transfer of ownership
•    Maintain family harmony
•    Preserve a legacy via business continuity

When is the right time to begin planning for a transition?

Whether your timeframe is six months or ten years, it is best to begin planning as early as possible.  Business owners have unique needs as their financial affairs are closely linked with their businesses. In some cases, there are substantial tax advantages available when certain transfers are performed years in advance of a full change in control.

How does the transition planning process work?

Tax & Financial Group believes in a team approach to business transition planning.  You are lesslikely to err and more likely to attain your goals when your most trusted advisors such as your accountant, lawyer, financial advisor and financial planner are involved in each phase of the process.  

A financial advisor from Tax & Financial Group specializing in business transitions, takes lead responsibility for managing the process including coordinating the advice and activities of the client’s other key advisors.  This specialist develops detailed timelines and assigns responsibilities for each set of tasks to the appropriate member of the transition team.  This team approach yields a plan that is in sync with the owner’s personal financial plan and estate plan.

Our value proposition

Tax & Financial Group has in-house experts who are dedicated exclusively to business transition planning and have helped hundreds of business owners to achieve their financial goals.  Contact Tax & Financial Group today for a free consultation.  The Business Planning Services offered at Tax & Financial Group are a complement to the overall Financial Planning Process for business owners. We design and develop strategies that can help business owners in the following areas:

Business Succession:

Whether your intention is to sell your business to key employees, transfer it to your children, or seek a sale to a strategic buyer, Tax & Financial Group has the experience and expertise to help you make an informed decision on the best course of action. We will work with you to execute a strategy that fits your needs in the most tax efficient way possible.  Not only will we guide you through the planning process, but we will also take the lead in implementing the strategies necessary to achieve your goals over your desired timeframe, whether a few months or many years.

Business Valuation:

As a business owner, it is likely that you have dedicated countless hours to achieve success and prosperity from your business.  Your business is one of your most valuable assets but:

• Do you know what it is worth?
• What could you sell the business for today?
• How much gift tax will you pay if you transfer stock to family members?
• How much should a new partner buy in for?
• How much should you pay to buy out an existing partner?

    
A qualified valuation provides valuable information to support business decisions, personal financial decisions and to support a tax position or legal settlement.  Valuations of closely-held businesses require a high degree of experience, subjective analysis and sound judgment.  At Tax & Financial Group (TFG) our valuation analysts have conducted hundreds of valuations of public and private companies in all industries.

Contact a Tax & Financial Group professional today to learn how to preserve and enhance the equity that you’ve built through your business over a lifetime. Our Business Planning Team will work with you to clearly define your goals as a business owner and to develop, implement, and monitor a strategy that will help you stay on target.   

This information should not be considered as specific tax/legal advice.  Please consult with a tax/legal advisor for specific advice.  

Securities and Investment Advisory Services offered through Securian Financial Services, Inc. Member FINRA/SIPC & A Registered Investment Advisor. TFG, an affiliate of Securian, is independently operated. 91511, dofu 08/09