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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Exit & Succession Strategies

There are a number of issues that need to be address when you are seriously considering selling your business, such as what you will do after the business is sold. Thinking about these questions now before you have a potential buyer is important because it suggests how you might structure the sale.

For example, if you plan to sell one business and buy another, you probably will want as much immediate cash as possible from the sale in order to buy the company.  You may have to pay significant capital gain taxes if your old business was successful, or there may be a complex tax-free exchange of stock that a committee of lawyers will have to figure out for you.

On the other hand, if you want to sell without immediate plans to purchase another business and are too young to retire, you may want to buy another company in a few years. In this instance, once again you will want maximum cash from your sale.  You may pay the capital gain taxes and then place the remaining proceeds in a savings or investment account of your choice, ready for your next purchase.

However, if you are not planning to buy more companies and want to retire, you face paying capital gain taxes without an offsetting benefit (i.e., the purchase of another company).

At TFG, we know that it’s critical to understand what our clients are trying to achieve with the sale of their company.  That’s why we take the time to learn about them on a personal level, while educating them about the planning tools and techniques available to help them in the process. As a result, we are able to develop a blueprint for the sale of their company that best satisfies their goals and aspirations.

Some of the critical questions in the planning process are:

• How do you position assets prior to a sale to minimize taxes and maximize proceeds?
• How much will you receive when the deal is complete?
• Is it enough?
• Do you need a lump-sum, income stream, or a combination of both?
• Should you accept cash, stock, or both?
• Can you afford to try your next venture?
• How much can you afford to spend on fun stuff, i.e., planes, homes, cars, boats, etc.?

Alternatives to Selling Your Business

The choice to sell a business often arises from pressures beyond the owner's control.  Family responsibilities, partner disputes, lagging prices, and product or market shifts can all take a toll on a company and its owner.  Selling the company outright, however, is not your only way out.  Today, more than ever, there are a number of different options available to business owners who want to reduce their role but don't necessarily want to leave the business entirely.

Going Public