How to Reduce Taxes and Increase My Protection - What Every Business Owner Should Know
Reducing taxes and protecting the business is the top priority of every business owner. Bob Spadafore and Jay Stobaugh of Apex Excess and Surplus lines join the TRUST-CFO Wealth Preservation Podcast to talk about the alternative risk mitigation industry. In this episode we talked about insuring against risks that business owners didn’t know existed or didn’t know they could insure for, such as loss of revenue, loss of a key supplier, loss of reputation, loss of a key customer, employment malpractice, plus many others. Not only can you protect your business and your family but you can also do it in a way that increases cash flow and can defer taxes by financing the premium. This cash flow maximizing strategy has been used for decades by Fortune 500 companies and it can be done for your business also. The best part is when you finance the premium of surplus lines insurance, and pair that with a Private Retirement Plan, the combination of tax savings and asset protection is incredibly powerful. Enjoy the episode and make sure you subscribe on iTunes and Spotify.