"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:
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.
Many local business owners come to me looking for an effective tax strategy that can offer tax savings year after year, while also creating an efficient avenue to invest for retirement. For many business owners, there are significant tax savings to be gained by creating an S-corp for your business and a SEP IRA to help you save efficiently for retirement.
It’s no secret that small businesses are the backbone of our economy. In 2019, small businesses made up 44% of economic activity and were responsible for two-thirds of new jobs created. Even beyond the numbers, small businesses are paramount to the communities they serve, especially in smaller towns where they bring people together and influence the local culture.
There are many reasons you probably chose your career. Maybe it was the excitement of future opportunities, the salary, or the flexibility. For me, my reason was simple: I wanted a career where I could have a significant impact on people’s lives while using my passions and skills. We all know that money, and how you handle it, can make or break your life. I became a financial advisor so that by helping people with their money, I am helping them with the rest of their lives too.
2020 has been a whirlwind for everyone—but it’s especially taken its toll on small business owners. Add in changes from the CARES Act and the Tax Cuts and Jobs Act, and you may feel confused about how to prepare for tax season.