SCOTT THOMPSON, CSRP
SCOTT THOMPSON, CSRP
Do you ever sit at your desk, looking at your tax bill, and wonder what you can do to reduce your tax liability?
Do you ask yourself, “Is my tax team interested in saving me money or simply interested in preparing my tax return for a fee?” Do they really understand my business?”
If you answered “yes” to any of these questions you are not alone.
That’s why I’ve put together what I am confident is the best forward-thinking tax team in the country. We don’t want to prepare your tax return; we want to show you ways to save thousands, if not millions, on your tax bill.
Sound and effective tax planning is an important aspect of managing a business. Proper tax planning can increase the bottom line and dramatically increase the value of your business. It’s not just about successfully marketing and selling a product for a profit, or building a strong customer base. There is considerably more that goes into it, and business owners often fail to plan appropriately.
How do I know all this?
It’s because I am a business owner just like you.
My name is Scott and I own Bridge Business Consultants.
Before we go into the details of what my business is all about, I want to share a story that will lay out my purpose for writing this book...
I grew up watching my grandfather go door-to-door selling his patented cleaning solution. This product could clean anything- floors, cabinets, carpet, or your car. It could even remove stains from your clothes. The cleaner was also environmentally friendly long before it was a buzzword. To prove it wasn’t harmful, my grandfather would actually clean his teeth with it. He worked 24/7 his entire life making and selling his cleaning solution.
Then the unexpected happened, and he was hit and killed by a car while crossing the street. It was devastating to the entire family, which then led to squabbling over who should take over his business.
You see, my grandfather failed to implement a succession plan for his business in the event of his demise. The children continued arguing over who would run the business, even though none of them had ever worked for the company before. In short order, the business lost its best commercial accounts to competitors and went under.
The family was able to sell the patent for only a pittance of what the
company was actually worth just the year before. This whole turnaround of events gave me a string of valuable lessons, including a deeper insight into the following:
The invaluable lessons that I learned from my grandfather encouraged me to start Bridge Business Consultants—a consulting
Whether it’s about succession, taxation, or meeting regular business targets—planning is extremely important. I advise businesses on how to achieve sustained growth through strategic planning and maximize the value of their companies in this ever-increasing competitive landscape.
Business owners should constantly monitor their financial position and tax liability. In this book, I discuss the importance of tax planning, along with sharing various strategies to manage a business in a way that brings more to the bottom line.
So, let’s move on to know why tax planning is so important!
Tax planning refers to arranging your business in a way that results in maximum cost savings. By implementing effective tax strategies, you will be able to bring more to the bottom line and invest for the future. Over the years, as an owner of Bridge Business Consultants, I have been amazed at how many business owners think that tax planning means getting the papers ready for filing tax returns.
In reality, there is far more to it than just completing your tax return. Effective tax planning means developing strategies to take advantage of beneficial provisions of the tax law. The aim is to ensure maximum tax credits and deductions by making use of all applicable tax breaks provided by the Internal Revenue Code.
The benefits of tax planning are important for both small and large businesses. With effective tax planning, the savings can be in the thousands, and sometimes millions, of dollars. By reviewing your
financial position, you will be able to find opportunities that can help reduce your tax liability.
Timing is everything when it comes to tax planning. The earlier you devise an effective plan, the more you can bring to the bottom line. Being up-to-date with tax laws is important; but even more important is to create strategies that can help you maximize tax savings available under current tax law.
In the next several chapters, I will reveal numerous advanced tax planning strategies. After implementing the strategies mentioned in this eBook, you may be able to save a significant amount of money due to a reduced tax bill.
So, what are you waiting for? Turn the page and continue reading the little-known secrets of effective tax planning.
Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency, with the elements of the financial plan working together in the most effective manner possible. This is easier said than done.
The reality is that tax planning can be complicated, making it difficult for businesses to know how to maximize tax savings. With over 80,000 pages of tax code, it has now become almost impossible
for most CPA firms to understand all the elements of these rules.
Many business owners have revealed to me that they’ve grown weary from overcoming a procession of tax management issues, only to discover that new tax issues crop up every year. Many find that the job of navigating through taxation laws is similar to wading through shark-infested waters.
Having said all that, the effort and time invested in creating an effective tax strategy can help improve cash flow, net earnings, and return on investment. All you need to do is open your eyes to the opportunities available in minimizing tax liability. That is my main purpose for writing this book.
Strategic tax planning works to align tax regulations and obligations as closely as possible with your business’s strategic vision. In doing so, it helps minimize tax liability and increase the resources
available to grow your company.
Over the years, I have helped many businesses in crafting effective tax strategies to maximize their tax savings. In the following chapters, I will share with you some of the little-known secrets of effective tax planning that I have decoded after decades of offering tax-planning consultancy to high-net-worth businesses.
One important point to keep in mind is that not all strategies listed here will work for you. Each strategy (every strategy for that matter) requires you to commit certain scarce resources —like time, talent, money, etc. You’ll have to find the right combination of strategies that work best for your business. I recommend consultation with an expert team of tax, legal, and wealth professionals to know which strategies will work best for you. You would then work with them to develop and commit to a roadmap for maximizing your tax savings.
What I find most often is that a business owner may believe this team is already in place, only to find, often after it’s too late, that they did not coordinate their efforts in a consultative manner, costing that business owner thousands, if not millions, of dollars.
Cash balance plans are rapidly becoming popular as they present an opportunity for business owners to boost their annual retirement savings. A Cash Balance Plan is a unique type of IRS-qualified retirement plan that features characteristics of both defined benefit and defined contribution plans. The plan allows for significantly
larger contributions, that generally increase based on a participant’s age.
The best part about this plan is that participants have an account that grows annually in two ways: first with an employer contribution and second with an interest credit. Certain participants can receive contributions in excess of $200,000, pre-tax, in a cash balance plan; and all earnings grow tax deferred.
In contrast, the present annual contribution limit for 401(k) Profit Sharing Plans is only $54,000, while the limit for IRAs is only $5,500.
To learn more about this tax-favored plan, I recommend that you read Daniel Kravitz’s book Beyond the 401(k), available on Amazon. Establishing a cash balance program offers many benefits to businesses over the traditional retirement savings accounts. These include:
At Bridge Business Consultants, we helped the owner of an engineering firm set up a cash balance plan for himself and six key employees, including his wife. The engineer is now able to defer an additional $180,000 per year on top of his $54,000 contribution to his own 401(k)/profit share plan. He also contributes additional dollars for his key employees saving him well over $70,000 annually in tax. This plan also helps him retain those same individuals.
The Restricted Property Trust (RPT) is an employer-sponsored plan that provides tax-favored long-term cash accumulation and income distribution. RPT is perfect for business owners who want to reduce income tax and increase tax deferral with the potential of tax-free income later in life.
The benefits of RPT for business owners include:
RPT provides a stable, conservative platform for businesses to reduce their taxes and potentially appreciate assets. This tax saving plan is ideal for financial firms, medical groups, high-profit partnerships, private companies with executives earning above $500,000, C-Corps, S-Corps, and LLCs.
A neurosurgeon was looking for additional ways to defer tax beyond the traditional 401(k) and cash balance plan. We recommended a Restricted Property Trust (RPT) to her. Over the next 10 years, she will be able to save $840,000 in tax. She will pay $501,000 in year ten. So, net tax savings for her will be $339,000 with potential tax-free income of approximately $2,985,520.
Not many people are aware or fully understand captive insurance plans. Most often industry experts, even some CPAs, incorrectly assess the risks and benefits of a captive: the truth is that they are hazy on the details of this effective, yet complicated, risk planning strategy.
While providing consultation to the C-level executives, I’ve learned that most don’t implement captive insurance planning because their tax team does not understand how a captive actually works.
However, when used properly, it can result in significant tax savings. So, let’s understand what is meant by captive insurance, in plain English. A captive insurance company is generally defined as an insurance company that is wholly owned and controlled by the insured; its primary purpose is to insure the risks of its owners, and its insured’s benefit from the captive insurer’s underwriting profits. As a business owner, you get the tax deductibility of premiums along with any profits realized by the captive.
In a captive, a business owner forms his or her own insurance company to cover certain business risks. Premiums will be paid to the captive just as they are paid to any other insurance company.
However, the captive insurance policy may cover a broad range of risks that are not normally covered by traditional insurance companies. The best part about captive insurance companies is that a business owner will have total control over the claim process. The chances of getting the claim denied are negligible. Captive owners also don’t have to worry about any claim fraud as they are in total control of operations. The use of a captive insurance strategy benefits businesses in many ways, including:
If the premiums paid to the captives exceed the loss amount in a given year, the earnings are considered as “earned surplus.” This extra income can be used to invest in business growth, retire loans, or pay dividends to the shareholders.
A captive should be located in a domicile with an accessible and efficient regulatory environment. This is necessary for a captive to be economically feasible. Also, the legislation should consider captives as distinct and not impose restrictions like those of standard insurance companies. The domicile where the captives operate will determine the regulatory claims, risk levels, and taxes. So, it’s important that the captive is located in a jurisdiction that allows cost effective operation.
Delaware, for example, has created captive-friendly legislation, No other state combines corporate and business laws with alternative risk transfer plans quite like Delaware. The state passed House Bill 218 in 2005 to update laws relating to the formation of captive insurance companies. Captives located in Delaware reap the benefit of reduced costs and effective administration of insurance coverage.
The best thing about captive insurance is that policies can be custom designed to cover the risks that are pertinent to your company. An added incentive is that captives with premiums less than $2 million are exempt from federal income tax. So, you may be able to reduce the risk of loss and greatly reduce tax liability by forming a captive insurance company. Another interesting feature of captive insurance is the transfer of risk for a premium. Certain risks can be transferred
from the insurance company to another firm known as the reinsurer.
Genesis Metals was paying $400,000 per year in premiums to a third-party insurer. Actual claims were about $125,000 per year, so the insurer was profiting by nearly $275,000 per year. After implementing a captive, Genesis set premiums at $300,000. Claims in the first year amounted to $150,000. Genesis was able to pocket $150,000 in untaxed earnings; and let’s not forget the $100,000 they saved with the difference in premiums paid by the third-party insurer. These amounts do not even include any investment income that may be realized from the unused premiums.
Conservation easements are another effective way to reduce tax liability. Landowners and investors can use this as an estate planning tool and gain significant tax benefits. The total tax savings through this strategy can amount to hundreds of thousands of dollars.
Conservation easements enable landowners to preserve their land and to maintain ownership of it while potentially realizing significant economic benefits.
Landowners may sell a conservation agreement or they may receive tax savings for donating a conservation agreement. Certain restrictions are placed on a portion of land for preservation, wildlife habitat, conservation, or a combination of those uses. For example, the land might be restricted for residential and commercial development or for drilling and mineral rights. The Federal government offers tax incentives to landowners that forfeit certain rights to all or a portion of the
These rights are then given to a charitable trust that ensures enforcement of the restrictions mentioned in the conservation easement agreement. To realize the tax savings, the land must have important historic, agricultural, or natural resources
If you invest in land that meets conservation easement requirements, you can deduct up to 50 percent of your annual income. What’s more, farmers and ranchers can deduct 100 percent of their income from the property. And you may be able to carry forward any unused credits.
A business owner sold his business and was looking to reduce his tax liability. His current tax liability after the sale was $258,000. His CPA recommended a firm that specialized in conservation easements. The firm was able to show the business owner how to capture $300,000 in conservation easements, thus cutting the tax liability in half, saving the owner $129,000. What could you do with $129,000?
Cost segregation is an effective tax planning strategy for owners of commercial and rental properties. While little-known, it provides property owners the opportunity to defer tax, improve cash flow, free up capital for investment purposes, and reduce tax liability.
Individuals who own, purchase, renovate, or construct commercial property can benefit from cost segregation, which involves identifying and classifying assets for tax purposes. This approach can offer savings of approximately $150,000 in additional depreciation per $1million of commercial property when compared
to a straight-line depreciation method.
The main benefits of cost segregation include:
In a cost segregation study, certain assets can be re-classified with a 15, 7, or 5-year depreciation schedule. This increases the depreciation amount, thereby reducing taxable income. The segregation of commercial property is found under IRC Sec. 1250.
The IRS recommends that an engineering-based cost segregation study should be performed on both existing and new properties to realize maximum depreciation. Engineering based cost segregation studies provide information required to meet the strict regulations of the IRS. The study findings also serve as a supporting document for the IRS.
Chapter 4 of IRS Cost Segregation Audit Technology Guide (ATG) states that the study should be prepared by someone experienced in cost allocation and estimation, as well as detailed knowledge of the construction process. The individual must have knowledge of the applicable tax laws relating to reclassification of the commercial property for depreciation purposes.
This simply means that the cost segregation engineering study should be conducted by a structural engineer. An analysis of the commercial property by anyone other than an experienced and knowledgeable person may not be considered valid.
The structural engineers who carry out the cost segregation study can reclassify a large number of building components such as plumbing, electrical installations, mechanical components and other short-lived classes of assets. The reclassification can result in substantial tax savings for the property owner.
The fundamental principle of a cost segregation strategy is that a dollar is worth more today than tomorrow. Accelerating the depreciation of the property can greatly reduce taxable income. It can result in tax savings and significantly improved cash flow. The improved cash flow that results due to deferring the tax payments is available for investment in growing the business.
A commercial contractor that I consult with was looking for ways to reduce tax liability. After reviewing the personal tax return, I noticed that the contractor was the member and manager of an LLC that invested in mini-storage units. The LLC had five locations. Upon further review, I noticed that the CPA was depreciating all the property and improvements over a 39½ year schedule.
I recommended to the contractor that he hire a team of structural engineers to complete a cost segregation study. The feasibility study showed that the contractor will be able to capture an additional $800,000 in depreciation in the first year alone. Over the next ten years, the contractor can also increase cash flow by over $1.2 million, which he plans to reinvest and build additional storage buildings.
The R&D tax credit was first introduced in the Economic Recovery Tax Act of 1981. The aim of the tax incentive was to encourage companies to increase outlay on research, development, and experimentation. Most believe that the tax credit is only available to pharmaceutical or high-tech companies, but certain manufacturers, engineers, architects, and even contractors may qualify for the R&D tax credit.
A word of caution, the IRS looks closely at credits claimed as many companies have inflated the capital expense that is allocated to research and development. The tax credit allows companies to capture credits from not only the current period, but also previous periods.
The requirements of R&D are purposefully broad. Whatever the type and size of the business, a company is said to be carrying out a qualifying activity if it takes risks to resolve ‘technological or scientific uncertainties.’ The activities could include:
A firm may qualify for a tax incentive even if it is not certain that the research will actually help in resolving the uncertainty, or result in a scientific breakthrough.
What this means is that the R&D does not even have to be successful. You can qualify for research work undertaken for your own project as well as a client. The IRS looks at different expenditures to approve the tax credit claim. Some of the qualifying expenditure includes:
The R&D expenses are known as capital expenses. However, they can also be deducted as current business expenses. Most states provide R&D tax credits. The state tax guidelines follow IRS guidance and federal regulation regarding what constitutes qualified research expenditures.
Remember that the exact types of expenditures that qualify for R&D tax credits differ from state to state. For instance, the threshold that defines expenditure is relatively lower in Connecticut than most states. Section 174 of the state law gives the green light to a greater number of expenditures to qualify for the R&D incentive. On the other hand, California recognizes a limited number of expenditures that can qualify for the tax credit.
Pennsylvania allows companies holding tax credits related to R&D to apply for selling the credits to a buyer in exchange for a product or service. The state also allows tax credits of up to 10 percent for increase in the R&D expenses as compared to a base period, provided that it does not exceed $15 million.
The IRS allows you to use one of the following accounting methods to account for R&D expenses.
The IRS rules mandates that the R&D expenses that are not amortized, deducted, or deferred must be charged to a capital account. The R&D credits can be claimed for expenditures. These credits can be combined to form part of the general business credit.
An automation company decided to explore if they qualified for R&D Tax Credits. Almost every process they completed for clients included extensive research in how to improve existing automation and processes. Upon completion of the review it was determined that the company qualified for $143,000 in tax credits over the prior three years and potentially up to $40,000 per year going forward.
Congress has provided generous tax incentives for employee stock ownership plans (ESOPs). The benefit of the tax incentive is offered to not only the employer, but also the employees; lenders of an ESOP; and shareholders selling the stock. Furthermore, the states have enacted laws that apply to ESOPs, thus further increasing the total incentives.
An ESOP is a qualified, defined contribution employee retirement plan designed to invest primarily in employer stock of a sponsoring company. A company establishes a trust fund with the aim to buy shares from existing shareholders (owners) or to issue new shares.
Alternatively, a company can also borrow money to allow employees to buy existing or new shares. The company provides the cash contributions to repay the loan that is tax deductible.
Employee ownership of stocks can be carried out in different ways. Employees can purchase the stock options directly, receive stock options from the company as a bonus, or obtain the options through a profit-sharing plan. Also, some employees take part in ESOP through worker cooperatives. Generally, shares are allocated to full-time employees over 21 years of age. The allocations are made on the basis of a pre-determined formula. Senior employees may have more right to the shares and
vesting can apply. The vesting schedule can be done gradually or over a period of three to six years.
ESOPs provide a number of benefits to the sellers, to the employees and to the company. Benefits to the seller include:
Keep in mind that there are certain limits and drawbacks regarding ESOP contributions. The laws regarding ESOP tax incentives are not applicable for partnerships and many other types of corporations. Only specific companies can benefit from the tax incentive offered for ESOPs.
As mentioned above, S-corporations and C-corporations are eligible for tax incentives for an ESOP. However, S-corporations have lower contribution limits and they cannot complete an ESOP “rollover”. Private companies are required to buy shares of employees that leave the company. This can become a major expense for the company.
Furthermore, the cost of establishing an ESOP is significant. Companies will have to incur about $40,000 for even the simplest of plans. The cost of the plan will be higher for large companies. Also, whenever any new shares are issued, it dilutes the shares of existing owners.
The management of the company must weigh the pros and cons of the ESOP before using it as a tax saving and exit strategy. ESOPs may be suitable for companies valued at more than five million, EBITDA of one million and at least 15 employees.
When implemented correctly, the tax savings for these companies can amount to millions of dollars.
A husband and wife team that owned a regional fence contracting company was looking for an exit strategy but did not want to sell to outsiders. They also wanted to participate in future growth of the company, which was valued at 15 million dollars. The husband and wife are 100% shareholders. Upon setup of the ESOP, owners receive $450,000 at closing and take back a 10-year seller note of $14.55 million at a 4.0% interest rate (Life of loan interest = 3.1 million). Sellers will also receive 500,000 warrant in exchange for taking back subordinated notes. At the end of the 10-year period, warrants are estimated to be worth $3.7 million. In addition, as a 100% ESOP-owned S-Corp, all future profits will not be taxed from that point, resulting in tax savings of over $7 million.
Whenever you sell a business or an investment property and you have a gain, you generally should pay a tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free.
Who qualifies for the Section 1031 exchange?
Owners of investment and business property may qualify for a Section 1031 deferral. Individuals, C corporations, S corporations, partnerships (general or limited), limited liability companies, trusts and any other tax paying entity may set up an exchange of business or investment properties for business or investment properties under Section 1031.
What are the different structures of a Section 1031 Exchange?
To accomplish a Section 1031 exchange, there must be an exchange of properties. The simplest type of Section 1031 exchange is a simultaneous swap of one property for another.
Deferred exchanges are more complex, but allow flexibility. They allow you to dispose of property and subsequently acquire one or more other like-kind replacement properties. To qualify as a Section 1031 exchange, a deferred exchange must be distinguished from the case of a taxpayer simply selling one property and using the proceeds to purchase another property (which is a taxable transaction).
Rather, in a deferred exchange, the disposition of the relinquished property and acquisition of the replacement property must be mutually dependent parts of an
integrated transaction, constituting an exchange of property. Taxpayers engaging in deferred exchanges generally use exchange facilitators under exchange agreements pursuant to rules provided in the Income Tax Regulations.
A reverse exchange is somewhat more complex than a deferred exchange. It involves the acquisition of replacement property through an exchange accommodation titleholder, with whom it is parked for no more than 180 days. During this parking period, the taxpayer disposes of its relinquished property to close the exchange.
What property qualifies for a Like-Kind Exchange?
Both the relinquished property you sell and the replacement property you buy must meet certain requirements. Both properties must be held for use in a trade, a business, or for investment. Property used primarily for personal use, like a primary residence or a second home or vacation home, does not qualify for like-kind exchange treatment.
Both properties must be similar enough to qualify as “like-kind.” Like-kind property refers to the property of the same nature, character or class. Quality or grade does not matter. Most real estate will be like-kind to other real estate. For example, real property that is improved with a residential rental house is like-kind to vacant land. One exception for real estate is that property within the US is not like-kind to property outside of the country. Also, improvements that are conveyed without land are not of like-kind to land.
Real property and personal property can both qualify as exchange properties under Section 1031, but real property can never be like-kind to personal property. In personal property exchanges, the rules pertaining to what qualifies as like-kind are more restrictive than the rules pertaining to real property. As an example, cars are not like-kind to trucks.
Finally, certain types of property are specifically excluded from Section 1031 treatment. Section 1031 does not apply to exchanges of:
What are the time limits to complete a Section 1031 Deferred Like-Kind Exchange?
While a like-kind exchange does not have to be a simultaneous swap of properties, you must meet two time limits or the entire gain will be taxable. These limits cannot be extended for any circumstance or hardship except in the case of presidentially declared disasters.
The first limit is that you have 45 days from the date you sell the relinquished property to identify potential replacement properties. The identification must be in writing, signed by you and delivered to a person involved in the exchange, like the seller of the replacement property or the qualified intermediary. Notice to your attorney, real estate agent, accountant, or similar persons acting as your agent is not sufficient. Replacement properties must be clearly described in the written identification. In the case of real estate, this means a legal description, street address or distinguishable name. Follow the IRS guidelines for the maximum number and value of properties that can be identified.
The second limit is that the replacement property must be received and the exchange completed no later than 180 days after the sale of the exchanged property or the due date (with extensions) of the income tax return for the tax year in which the relinquished property was sold, whichever is earlier. The replacement property received must be substantially the same as property identified within the 45-day limit described above.
Are there restrictions for deferred and reverse exchanges?
It is important to know that taking control of cash or other proceeds before the exchange is complete may disqualify the entire transaction from like-kind exchange treatment and make ALL gain immediately taxable.
If cash or other proceeds that are not like-kind property are received at the conclusion of the exchange, the transaction will still qualify as a like-kind exchange.
Gains may be taxable, but only to the extent of the proceeds that are not like-kind property. One way to avoid premature receipt of cash or other proceeds is to use a qualified intermediary or another exchange facilitator to hold those proceeds until the exchange is complete. You cannot act as your own facilitator. In addition, your agent (including your real estate agent or broker, investment banker or broker, accountant, attorney, employee or anyone who has worked for you in those capacities within the previous two years) cannot act as your facilitator.
Be careful in your selection of a qualified intermediary, as there have been recent incidents of intermediaries declaring bankruptcy or otherwise being unable to meet their contractual obligations to the taxpayer. These situations have resulted in taxpayers not meeting the strict timelines set for a deferred or reverse exchange, thereby disqualifying the transaction from Section 1031 deferral of gain.
The gain may be taxable in the current year while any losses the taxpayer suffered would be considered under separate code sections. When the replacement property is ultimately sold (not as part of another exchange), the original deferred gain, plus any additional gain realized since the purchase of the replacement property, is
subject to tax.
A business owner was looking to sell her business. The real estate where the business was located was owned by a separate LLC. The owner was looking to defer as much tax as possible, so we recommended that she complete a 1031 exchange on the real estate. She identified an apartment building to complete the exchange. She was able to defer $160,000 in tax, and the rents from the apartment building provide her with $11,000 in monthly income.
I believe that every business has the potential to be successful. All it requires is efficient planning in matters of tax and business operations. At Bridge Business Consultants, we help business owners in employing effective tax and cost reduction strategies similar to those used by corporate powerhouses like Mark Zuckerberg, Lorene Jobs, and Warren Buffet.
Our experts include tax attorneys, CPAs, wealth managers and estate planners. We don’t prepare tax returns for businesses. We work with your current tax team to help develop and implement strategies that can help your business grow.
In one case, we helped a business owner sell the business and simultaneously reduce the tax liability by more than $1.5 million! The money he saved became the investment for his next business venture, and gave him the ability to donate a considerable amount to charity.
I sincerely hope that the information provided in this eBook will prove invaluable for you in charting an effective tax strategy that paves the way to your business success.
To learn more, visit us at www.BridgeBusinessConsultants.com and www.ThompsonWealthAdvisors.com.