All in Business Ownership
Often, business owners rely on their business as their sole means of financial provision. Wouldn't it be nice to have a second leg to stand on financially? This episode talks about the benefits of investing in a separate tax-free asset, i.e., a Roth 401k, throughout your business ownership career.
Today I’m talking about one of my favorite books for business owners. It’s called ‘Profit First’ by Mike Michalowicz. I like this book because it simplifies the cash flow process for business owners. It provides a great tool to ensure you’re paying yourself a profit distribution and an owner’s salary all while preparing for taxes due and operational expenses.
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
San Luis Obispo, CA
https://www.aquilawealth.com/
A common mistake I see amongst business owners is within the business entity selection type. In this episode, I talk about the differences between a sole proprietorship, an LLC, an S-Corp, and a C-Corp. We look at the tax and liability considerations of each entity type.
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
872 Higeura St, San Luis Obispo, CA, 93401
https://www.aquilawealth.com/
Disclosure: Aquila Wealth Advisors, LLC is a registered investment advisor in the state of CA, LA, and in other jurisdictions where exempt. All content on this podcast is for information purposes only. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.
Today I’m talking about President Biden’s the proposed capital gains tax increase and how it could effect a business owner looking to sell their business. Essentially, the proposal increases long-term capital gains tax rates from 20% to 39.6% on total income above $1M.
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
872 Higuera St., San Luis Obispo, CA, 93401
https://www.aquilawealth.com/
In this episode, I talk about three things to consider when switching your 401k to a different provider as a business owner — expenses, employee support, and liability for the business owner.
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
872 Higeura St., San Luis Obispo, CA, 93401
https://www.aquilawealth.com/
Today we’re talking about a Cash Balance Plan and how it can be used as a business owner to supercharge your retirement savings in a short amount of time.
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
872 Higuera St., San Luis Obispo, CA, 93401
https://www.aquilawealth.com/
A Safe Harbor 401k allows a Business Owner to take full advantage of retirement savings into a 401k retirement account.
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
872 Higuera St., San Luis Obispo, CA, 93401
Inflation is a hot topic right now. Will prices continue to rise? And what are some ways to combat against rising prices of goods as a business owner?
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
872 Higuera St., San Luis Obispo, CA, 93401
https://www.aquilawealth.com/
Disclosure: Aquila Wealth Advisors, LLC is a registered investment advisor in the state of CA, LA, and in other jurisdictions where exempt. All content on this podcast is for information purposes only. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.
In this episode, I share 2 ways to avoid surprises and ensure you a prepared to pay taxes each year as a Business Owner.
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
San Luis Obispo, CA
A strategy for accumulating large amounts for tax-free assets as a Business Owner.
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
San Luis Obispo, CA
https://www.aquilawealth.com/
Disclosure: Aquila Wealth Advisors, LLC is a registered investment advisor in the state of CA, LA, and in other jurisdictions where exempt. All content on this podcast is for information purposes only. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.
In this episode, I provide an easy and effective way to manage your cash flow in your business. It allows you to be prepared for expenses and taxes while generating a profit and your salary as the owner.
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
San Luis Obispo, CA
https://www.aquilawealth.com/
How are Business Owners supposed to think about their Business Cash Flow as it relates to their personal finances?
In this episode, I speak to a great way to think about managing your Business Cash Flow so that you and your family are still taken care of — no matter what happens to your business.
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
San Luis Obispo, CA
https://www.aquilawealth.com/
Listen in as I share how to get the highest interest rates on your business cash reserves along with how much is the right amount to have in cash as a business cash reserve.
When it comes to business savings account interest rates, in general, I am a fan of online business savings banks like Live Oak Bank, https://www.liveoakbank.com/business-banking/. Live Oak Bank tends to be at the higher end, if not that highest, when it comes to business savings account interest rates. I also like that Live Oak bank does not have monthly account fees nor a minimum deposit requirement, at least as of the date of this writing. Disclaimer: Check banks and rates for yourself. I do not have any benefit or affiliation with Live Oak Bank.
Hear about an excellent productivity resource for any business owner called the Kolbe A™ Index.
~Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
eric@aquilawealth.com
