Arroyo Grande, CA - Talk to any business owner, and the amount they have to pay in taxes is likely a major concern. Phase Line Financial, a California-based tax & investment advisory firm, is aiming to help business owners address that concern, by helping them lower their tax bill, while at the same time building their wealth and protecting their assets.
“The largest cost when it comes to overpaying on taxes is opportunity cost,” says Zack Seidman, the Managing Director of Phase Line Financial and business financial expert. “It’s what else that money could be used for, and what could be accomplished with it, that is the killer. In most cases, it could be used to grow wealth and set the business owner up financially, but instead it’s going to the government.”
According to research by Phase Line Financial, only 1 in 4 business owners has a financial plan in place to reduce taxes and build wealth for retirement. Not only does this result in most business owners paying too much in taxes, but it also keeps them being able to retire. “Most business owners we talk to really don’t have a plan, other than asking their accountant at the end of the year what they can do to reduce their tax bill. That’s not tax planning, that’s tax reacting,” says Seidman.
Phase Line Financial helps their clients by optimizing write offs, selecting the proper combination of qualified and non-qualified retirement accounts, utilizing the proper business structure, and having the proper asset protection plans in place. According to them, many businesses are losing thousands in the short term and hundreds of thousands in the long term by not having proper planning.
Working with a professional can be the difference between having a thriving business that supports the owner’s long term financial plan, and barely scraping by, while failing to build wealth in the process. For more information on Phase Line Financial, please visit their website at https://www.phaselinefinancial.com.
About Phase Line Financial LLC:
Phase Line Financial is California Registered Investment Advisor, providing Business Financial Planning, Investment Management, Estate Planning and Asset Protection Strategies.
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