Meeting the Often-Overlooked Needs of Business Owners

/ Castle Wealth Advisors, LLC/
Meeting the Often-Overlooked Needs of Business Owners

Business owner clients put a great deal of faith and trust in their Financial Planners, Wealth Managers, and Accounting Professionals. Clients who own their own businesses rely on us to keep them up to date on events that may have in impact on the financial health of their businesses.  Often times taking a holistic approach when working with business owners is best to address their needs.  

Many financial, investment, and accounting professionals have recognized the need to work with their business owner clients on succession planning.  However, they have not been able to because they lacked a process and simplified workflow needed when working on these cases.  This has led to an ever-widening gap between the client’s needs and the service they are receiving

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Social Security Benefits and You Retirement Plan:

/ CastleWealth Advisors, LLC/
Social Security Benefits and You Retirement Plan:

Many individuals have difficulty understanding how their Social Security Retirement Benefits are calculated and questions about the impact of taking retirement benefits early or waiting receive them.


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Small Businesses Need Retirement Plans Too- Retirement Planning for Your Small Business

/ Castle Wealth Advsiors, LLC/
Small Businesses Need Retirement Plans Too- Retirement Planning for Your Small Business

Providing a retirement plan for your business can be beneficial to both you as an owner and your employees.  With the move away from pension plans many individuals will be relying more heavily on their own savings to provide income during retirement.  One of the best tools we have to create retirement savings is a plan through their employer. 

If you are considering creating a retirement plan for your small business you have several options.  Below will be a discussion about a few of those options.  This is not an exhaustive list and there may be some plan types that will benefit you more than another.  Prior to implementing a plan you should consult with a seasoned professional (financial advisor and tax advisor) who can help you select the plan that will best fit your small business.  The contribution limits and tax deductions can vary from plan to plan and year to year. So, it is advised to work with a trusted advisor.

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Investing for Small Business Owners:  3 Tips to a Better Portfolio

/ Castle Wealth Advisros, LLC/
Investing for Small Business Owners:  3 Tips to a Better Portfolio

For many small business owners, their business is their biggest asset as well as the largest producer of their family’s income. Business owners are entrepreneurs and are generally more comfortable taking on risks. For these reasons, small business owners face unique challenges when considering and selecting investments for their portfolios, and it’s important to keep in mind some basic investment principals. Not doing so can cause business owners to take on too much risk unnecessarily and can endanger their business and their income.

Here are three tips that small business owners should use to guide their investing decisions:

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Concerns Business Owner’s Should Revisit – Don’t Forget A Business Review

/ Castle Wealth Advisors, LLC/
Concerns Business Owner’s Should Revisit – Don’t Forget A Business Review

Whether you have one employee or many, being a business owner is hard work and no matter how hard you try there always seems to be a growing list of tasks that need your attention. I both sympathize and empathize with you.  

For me personally, I started Castle Wealth Advisors, LLC because I felt there were many individuals, families, and businesses who were underserved by the investing and financial planning industry.  I wanted to provide an ethical and approachable financial planning and investment management service to individuals, families, and business owners who were concerned with their financial futures or just had a few questions, regardless of age, sex, race, or net worth.  That was very important to me and it still is today.  

The paths that leads business owners to start their own companies will vary greatly from business owner to business owner.  Sure, we started our companies because we felt there was something we could add to our industries that would be new, make a difference, or help people.  However, there is one common theme among us.  We all need help along the way to ensure we have made informed decisions with regard to our companies.  

Given today’s environment of low interest rates and the increasing volatility in equity markets, many investment portfolios are at risk and for those who own their own businesses the stakes can  be even higher.  This has caused many business owners to re-think their strategies  and goals, both personally and from a comprehensive business perspective.  

If you own your own business here are a few areas to consider:

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3 Tips To Make The Most Of Your Tax Return in 2018

/ Castle Wealth Advisors, LLC/
3 Tips To Make The Most Of Your Tax Return in 2018

2017 brought many changes for individual taxpayers and small business owners and left many scratching their heads.  As we approach tax season here are three tips to keep in mind that may help you as you file your tax returns. 

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Is it the Right Time to Franchise Your Business?

/ Castle Wealth Advisors, LLC/
Is it the Right Time to Franchise Your Business?

When a business owner wants to expand his business concept across a region or the country, franchising can be an attractive option. 

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Two Often Misused Tax Deductions for Small Businesses: The Home Office and Auto Expense

/ Castle Wealth Advisors LLC/
Two Often Misused Tax Deductions for Small Businesses: The Home Office and Auto Expense

As a small business owner you may be opening yourself up to increased tax audits as a result of misusing deductions for your small business. If you are a first-time business owner you more than likely have a few questions concerning the use of these tax deductions.  Even if you have been in business for a while you could be using these tax deductions incorrectly.   Here are two often-misused tax deductions:

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