All in Tax Planning

LLCs and S-Corps: Your Top Entrepreneurial Questions, Answered

Building and creating drives you as an entrepreneur, business owner, or founder. That search for bringing something out of nothing is an addictive and honorable pursuit that often requires substantial amounts of hard work, dedication, and sacrifice.

But it can also be overwhelming, especially when you need all the answers. And while many entrepreneurs are willing to take on a "bootstrap" attitude to figure it out, some questions need to be answered to move forward.

And one of the most significant areas that bring anxiety and uncertainty to entrepreneurs is money and finances. Many questions need answers, from finding the right financing strategy for your business to understanding and managing taxes.

Eric Maldonado - owner and founder at Aquila Wealth Advisors - recently hosted an educational webinar to cover some of the most commonly-asked questions about money and finances in the entrepreneurial journey. 

As part of our series on the top questions entrepreneurs ask, we've broken down the key considerations you should know when determining what business structure is suitable for your company.

Video: Common Questions Entrepreneurs Ask a Financial Planner

I address common entrepreneur questions regarding finances and business profit strategy in this webinar replay.

Topics include:

- Protection Planning and Risk Strategy

- Business Structure and Entity Selection

- Owner Pay

- Budgeting in the Business

- Cash Flow Management

- Debt and Financing Options

- Employees and payroll

- Tax savings ideas

- Retirement Plan options

Online Education Event: Entrepreneur Questions for a Financial Advisor

June 15 @ 12:00 pm - 1:00 pm PDT

On June 15, Aquila Wealth Advisors, LLC will host a webinar titled “Entrepreneur Questions for a Financial Advisor.” Successful entrepreneurs have a deep knowledge of the world of business finances. By educating yourself on everything from business structures to taxes, you set yourself and your business up for success. This webinar will address cash flow, debt, business valuation, employees, and much more. Eric Maldonaldo, CFP®, MBA an experienced financial advisor, will present. Business owners and aspiring entrepreneurs can level up their financial knowledge with this educational event.

Register here: https://us06web.zoom.us/webinar/register/1616851299172/WN_WuDY1JWbRKmukCvFgl0pOA#/registration

Video Replay: How Small Businesses Can Be Profitable in the Midst of Inflation

Eric Maldonado, CFP®, MBA, recently spoke at a webinar entitled: How Small Businesses Can Be Profitable in the Midst of Inflation. He helped viewers better understand their business finances, implement a process for maximizing business cash flow, and how to grow business profits. Click on the image to access the video reply.

Are Taxes Going Up?

More spending = higher taxes?

That seems likely with a $2 trillion American Jobs Plan (that could eventually cost trillions more) on the table to bolster America’s crumbling infrastructure and invest in R&D.(1)

What could those tax hikes look like? Let’s consider the possibilities.

Eric Maldonado, CFP®, MBA
Aquila Wealth Advisors | (805)250-4552 | info@aquilawealth.com
872 Higuera Street, San Luis Obispo, CA 93401
www.aquilawealth.com

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President Biden's New Personal Finance Policies

Joe Biden was inaugurated as our 46th president; here are some of the new policies relevant to personal finance:

Student loan freeze: The Department of Education extended the suspension of federal student loan payments through September 30, 2021, giving borrowers some extra breathing room this year. No interest will accrue during that period, and each month will count toward public service loan forgiveness as well as student loan rehabilitation. Unfortunately, private loans are again excluded from the freeze.1

The 6 "Hidden" Tax Saving Opportunities Opened Up by New Tax Rules

Learn how the recent Tax Cuts and Jobs Act opened up new opportunities that could result in the lowest tax rates you'll ever see.

Click here to get access to our FREE tax saving guide.

  • Discover 6 immediate opportunities to lower your taxes

  • How new tax rules could permanently lower the taxes you pay

  • Why you need to take advantage of this limited time opportunity now before it expires

The laws are set to expire in 2025, but a new administration could change them sooner.

5 Ways to Build A Better #Tax Plan

You just finished your taxes, but it's not too early to make plans for next year.

It's important that as you build your plan, you think about some strategies to reduce or defer your taxes now or in the future. Here are some strategies to consider helping your financial plan become more tax-efficient:

1. Tax harvesting

Usually, this strategy is implemented near the end of the calendar year, but it can be done at any time. With tax-loss harvesting, you sell off holdings that have a loss position to offset the gains you've experienced from other sales.

The asset you sold is then replaced with a similar investment to maintain the portfolio's asset allocation and expected risk and return levels. It won't restore your losses, but it can ease the pain.

Contact us to schedule a complimentary planning meeting.

Don't Live in Fear of an IRS Audit #financialplanning #tax

According to the IRS, the chances of you being audited are about 1 in 160.

You likely live in fear of a tax audit. Here ‘s how to protect yourself.

If the Internal Revenue Service suspects you underreported your gross income by 25% or more, it can challenge your return for up to six years. If the IRS suspects you filed a fraudulent return, no statute of limitations applies.