Looking for a smart way to cut taxes and grow your retirement savings fast? A defined benefit plan might be the solution. This powerful retirement tool allows business owners to contribute far more than a 401(k)—often over $100,000 per year—while claiming big tax deductions. It’s one of the best-kept secrets for high earners and self-employed professionals who want to secure their financial future.

In this article, we break down how defined benefit plans work, who they’re best for, and how they can help you slash your tax bill in 2025. Whether you’re a solo entrepreneur or own a growing company, this strategy can supercharge your savings and give you peace of mind for retirement.

Are you a high-earning business owner looking for a smarter way to save on taxes and build your retirement fast? A Cash Balance Plan could be the solution. This powerful retirement strategy lets you contribute far more than a 401(k)—sometimes up to $300,000 a year—while lowering your taxable income and keeping more of your money.

But to get the most out of it, you’ll need the help of a CPA. With the right guidance, you can structure your plan correctly, stay IRS-compliant, and maximize every tax-saving opportunity in 2025. In this post, we’ll show you exactly how a Cash Balance Plan works—and how much you can save with a CPA by your side.

The government may soon lower taxes for many U.S. businesses. If you make goods in the U.S., you could pay just 15%. Other companies could pay 20%.
This could mean thousands of dollars in savings for your business every year.

But to get those savings, you need to plan ahead.
Our tax experts can help you understand how the law affects your business—and how to get ready. Don’t miss this chance to save.

Contact us today for a free consultation. Let’s make sure your business is ready for what’s next.

The 2025 Somerset County budget is great news. It shows that good planning can make a big difference. By spending money smartly, the county is helping families, improving neighborhoods, and building a better future.

This is a big win for everyone in Somerset County. Lower taxes, better services, and a stronger community—what more could you ask for?

Inflation may be an economic reality, but it doesn’t have to derail your financial plans. By understanding how it impacts your taxes and adjusting your strategies accordingly, you can protect your bottom line and keep your small business thriving. Whether it’s tracking new deduction limits, leveraging inflation-adjusted credits, or consulting with a tax professional, small steps can make a big difference.

Choosing between an LLC and S-Corp boils down to your business’s profitability, administrative capacity, and long-term goals. LLCs work best for simplicity and flexibility, while S-Corps shine when profitability increases, offering significant tax savings through reduced self-employment taxes.

Before making your final decision, consult with a tax advisor or CPA to evaluate your unique financial situation and ensure maximum tax efficiency. A well-informed choice today can lead to significant savings down the road.