Beat The Taxman
Corporate Tax Strategies That Work
As a business owner, you work hard to build your company. But how much of your hard-earned money is going to taxes? There are legitimate strategies available that can help reduce your tax burden and keep more money in your pocket.
The Problem
Investment income earned inside a corporation is taxed at the highest marginal rate - often exceeding 50%. This means that for every dollar your company earns on investments, more than half can go to taxes.
The Solution
By using properly structured insurance products, you can potentially:
- Shelter investment income from high corporate tax rates
- Create tax-free wealth transfer to your heirs
- Fund buy-sell agreements tax-efficiently
- Provide key person insurance protection
- Create an executive retirement benefit
How It Works
Cash value life insurance policies allow your corporation to accumulate wealth on a tax-deferred basis. When structured properly, these funds can be accessed tax-free or transferred to your estate without triggering additional taxes.
Learn more about the silent partner in your company's investment income
Contact Barrons to learn how corporate-owned insurance can benefit your business.