Cornbelt Financial pro-actively works with individuals & small business owners throughout the year to ensure that our clients are not only tax compliant but also tax efficient by strategically implementing both tax and portfolio strategies. With our pro-active planning, our clients will have proper allocations to their taxable, tax-deferred, and tax-free accounts, thus growing and preserving their wealth, mitigating their taxes, all while having proper succession plans implemented in both life and business.
How We Add Value
Cornbelt Financial provides tax preparation for both individuals and small business clients to ensure income taxation compliance. Tax Preparation services include a mid-year email and year-end follow-up call to maintain the pro-active service model for our clients and avoid any un-welcomed surprises during the upcoming tax season.
Cornbelt Financial ensures that our clients are not only tax compliant but also tax efficient. As a result of implementing tax and portfolio strategies coupled with our pro-active financial planning, our clients will have proper allocations to their taxable, tax-deferred, and tax-free accounts, thus preserving their wealth, mitigating their taxes, and maintaining investments suitable for their risk appetite, all while having proper succession plans implemented in both life and business.
Cornbelt Financial is capable of assisting our clients with all of life’s financial decisions. We are capable of identifying the necessary guidance our clients need to accomplish their financial and life goals. Whether those goals are implementing a savings plan, establishing a vacation budget, forecasting their finances into the future for retirement planning, or to determine the financial impact of different financial decisions we’ll be able to provide the guidance needed.
They are more than 200 million businesses in the world and 40 million business owners expecting to sell their business within the next 10 years while 78% of business owners expect to fund their retirement through the sale of their business. Unfortunately, 90% of business owners are either under-insured or have no life insurance predominantly because the process to determine their coverage needs is often expensive, time consuming, and complex thus resulting in only 2% of business owners having a business valuation. Cornbelt Financial has leveraged technology to reduce the cost, time, and complexity of business valuations so that business owners are capable of addressing their business succession plan.
Tax Preparation & Tax Planning
The greatest expenditure of most anyone’s life is not their home purchase or education, but income taxes. We don’t just prepare taxes, but we attempt to identify strategies to reduce taxes too. All tax planning services come with both a Mid-Year Tax Analysis and Year-End Tax Analysis.
Individuals: Cornbelt Financial’s tax planning services are coupled with our tax preparation services providing our clients with the ability to discuss and plan for the tax implications of life events.
Businesses: Cornbelt Financial’s tax planning services also provides small businesses and aspiring entrepreneurs with the information needed to adequately plan for their initial tax return and beyond ultimately allowing us to identify and implement tax reducing strategies.
Individual & Business Succession/Contingency Planning
Benjamin Franklin was famously quoted stating, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”
Many small business owners and individuals lack a clear succession plan for unforeseen or unplanned life events such as death, disability, and retirement. Much of these succession and contingency planning items are resolved with the use of different insurance products thus mitigating much of the risks both individuals and businesses face.
401k Plan Advisory - coming soon!
Does you current plan advisor only follow-up once/year? Do your employees know their plan advisor? We will pro-actively work with you to identify a service provider for all administration, compliance, and recordkeeping, in addition to an annual in-depth review, and we will also take the time to ensure that your employees also know their plan advisor.