Hiring your children to work in your business has many advantages. You will get to spend more time with them and help them prepare for their future by teaching them real-life skills. And, as you have probably already heard, it could help you mitigate your tax burden because their income can be tax-free.
Small Business Focus
"What do you need to start a business? Three simple things: know your product better than anyone. Know your customer, and have a burning desire to succeed." -- Dave Thomas
At Legacy Wealth Management, we believe small businesses are paramount to a small town like Charleston. You are the lifeblood of our community, driving job creation and offering our small town with fresh, innovative ideas and solutions.
As a small business owner, we know you’ve got a lot on your plate, between working long hours and ensuring the viability of your business, all while handling an incredible amount of tasks of your own. There can be a constant pressure to perform at the top of your game at all times, in every area of your business. We want to make you feel like an expert in each of these.
For this reason, I would love to partner with you in order to take some of the endless tasks off your plate. We know that as a small business owner you are always delivering more than expected. We want to provide that service for you as well. By working closely with our sister CPA firm, we will provide you with seamless financial advisory services including; tax planning, cash flow management, retirement planning, bookkeeping, as well as other financial needs
What this means for you is less time coordinating and waiting on communications between two or more financial professionals, and less time sorting through conflicting advice.
If you need help with any of the following items, our firm is here to make your life easier. We help you:
- Solve complex tax problems
- Mitigate your tax burdens
- Keep track of expenses
- Keep up on general bookkeeping
- Maximize your retirement contributions
- Calculate SEP contributions
- Find ways to allocate non-retirement funds tax-efficiently
- Simplify the financial and accounting advice you receive
In Charleston, we’re a community that takes care of each other. By collaborating with us to manage your finances, you’ll gain invaluable time that can be better spent on necessary business operations, as well as confidence that your finances are in good hands.
Above all, we partner with our neighbors to invest in our small town and make sure we can keep enjoying the great benefits your small business brings to us. When you do better, we all do better.