Business Owners

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Tax Saving Strategies for High Income Earners

September 1, 2021

Company executives are in a unique position that can create interesting tax challenges and opportunities. Here at SYM Financial, most executives that we work with will be in the highest marginal tax bracket during their working years — so it’s important to consider strategies that will provide current savings, or future savings opportunities, or even both. While you may not consider yourself a high earner, according to a report from US News, families that earn

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7 Common Types of Commercial Insurance Policies

July 19, 2021

When should a business owner consider a commercial insurance policy and what is the most important coverage? Commercial insurance policies protect businesses from the risk associated with injury, disability, property loss, and other liabilities. They come in many shapes and sizes and can make discerning what is best for your business difficult. By outlining the common components of commercial insurance policies, we aim to bring clarity to your choices. As a business owner, you may

Two 3D human figures are depicted; the one on the left holds a red X, while the one on the right holds a green checkmark. Below them, text reads "ELIGIBLE OR NOT???" suggesting a comparison or decision-making scenario regarding eligibility.

How 401k Eligibility Changes with The SECURE ACT

December 31, 2020

Background on 401k Eligibility Prior to the passage of the SECURE Act, employers could exclude long-term part-time employees (LTPT employees) that worked fewer than 1,000 hours per year from employer 401k contributions. This was done by implementing a one year of service waiting period requirement. The “one-year service” was defined as a 12 consecutive month period where the employee worked at least 1,000 hours. How 401k Eligibility Changes with The SECURE Act The SECURE Act

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Get a Grip on Your Business- valuable leadership tools (webinar)

September 24, 2020

Listen to get the Ten Commandments of Solving Issues in business and gain guidance from certified EOS implementor Jill Young. Panelists: Seth Whicker, CFP®, MS, Principal and Senior Financial Advisor at SYM Financial Advisors Contact: swhicker@sym.com (260) 387-6822 Tom Ackmann, Principal and Senior Retirement Plan Advisor at SYM Financial Advisors Contact: tackmann@sym.com (260) 387-6822 Tania Bengtsson, Certified EOS® Implementer Contact: tania@achievebigresults.com (574) 532-1832

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How the Finances of Business Affect Personal Wealth

April 22, 2020

As a business owner, much of your personal wealth is probably intertwined with the success of your business. You may not feel confident navigating the complex financial planning challenges and opportunities that lay ahead. Implementing personal and business goal planning, determining the structure of business ownership and retirement planning, creating a succession plan, managing risks, and surrounding yourself with a competent team of professionals are all steps that are pertinent to you as you grow

The CARES Act for Business Owners Q&A

April 22, 2020

Small businesses can now apply for SBA loans, designed to retain their workforce, under the Paycheck Protection Program (PPP). Companies can apply for amounts up to the lesser of $10 million, or 2.5x their average payroll costs. Companies can use funds to cover payroll, rent, utilities, mortgage interest, group insurance premiums, and certain other expenses. Eligible payroll costs do not include employees with an annual salary greater than $100,000. Benefits of the CARES Act for

Tax Saving Strategies for High Income Earners

7 Common Types of Commercial Insurance Policies

How 401k Eligibility Changes with The SECURE ACT

Get a Grip on Your Business- valuable leadership tools (webinar)

How the Finances of Business Affect Personal Wealth

The CARES Act for Business Owners Q&A

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