Case Studies from Investment Advisors

Two Kinds of Tax Relief

The Challenge

A Financial Advisor was having a conversation with an existing client who owned a small business and the topic of taxes came up. First, the client mentioned several issues throughout the year where the businesses payroll taxes had been filed incorrectly. The issues that arose from dealing with the federal and state authorities caused much frustration internally and the client expressed a desire to avoid the process altogether.

The Results

The advisor recommended Staff One as a way to outsource most employee-related administrative functions and tax-filings would no longer be the client’s responsibility or liability. The advisor went on to suggest that through Staff One’s 401(k) plan, the client could shelter $51,000 personally from current taxation. After hearing this, the client’s next question was, “How soon can we start?”

The advisor resolved his client’s concerns and received $3,500 of ongoing annual revenue from Staff One’s Partners Plus program.

 

Family-Owned Business Planning

The Challenge

A financial planner who focused on family-owned businesses was doing some planning with the head of the family as he considered turning complete control over to his three sons. His primary concern was the inexperience the sons had with running a business because he always had them focused on operations and troubleshooting, not company growth and strategic planning.

The Results

The advisor suggested using Staff One to simplify the HR process, streamline employee-related administration, and stay in compliance with Staff One’s technology and HR expertise.  The client became more comfortable with proceeding with the overall business succession plan the advisor had presented to him.

Call 800.771.7823 or email partners@staffone.com to discuss Partners Plus!