Mastering Business Owner Finances: A 2025 Guide for Savvy Entrepreneurs
As a financial advisor, I see business owners face unique challenges when managing their finances. This guide provides updated strategies for 2025 to help you optimize your financial planning, budgeting, and tax management.
Latest Financial Planning Trends for Business Owners
Business owners must stay ahead of financial trends to thrive. Key developments for 2024 include:
Digital financial tools
More businesses prioritize digital financial solutions to improve operations [1]. Digital financial tools have become essential for modern businesses seeking to enhance their operations. The shift towards digital solutions is driven by the need for efficiency, accuracy, and real-time insights. Cloud-based accounting software allows for seamless data access and collaboration across teams, regardless of location. AI-powered financial forecasting tools provide predictive analytics, enabling businesses to make data-driven decisions and anticipate market changes. Digital payment systems streamline transactions, reduce processing times, and improve cash flow management. By adopting these technologies, businesses can automate routine tasks, minimize errors, and gain deeper insights into their financial health. This digital transformation empowers business owners to focus on strategic growth initiatives rather than getting bogged down in manual financial processes.
Holistic financial planning
Holistic financial planning has become crucial for business owners in 2024. This approach recognizes the interconnected nature of personal and business finances. By assessing both sets of financial goals together, business owners gain a comprehensive view of their overall financial health. This integrated perspective allows for the creation of strategies that optimize both personal and business outcomes. It's essential to consider how business decisions affect personal finances and vice versa. For example, reinvesting profits into the business might impact personal savings goals, while personal financial stability can influence business risk tolerance. This holistic approach ensures alignment between business growth and personal financial security, leading to more balanced and sustainable financial decisions.
Transparent pricing models
Transparent pricing models have become increasingly important in the financial advisory industry. Business owners should prioritize financial advisors who offer clear fee structures and comprehensive explanations of all costs [7]. This transparency builds trust, reduces conflicts of interest, and allows clients to make informed decisions about their financial planning [8]. Fee-based models, where advisors charge a flat fee or a percentage of assets under management, are gaining popularity over commission-driven approaches [9]. This shift aligns the advisor's interests with the client's financial success, as the advisor's compensation grows when the client's portfolio performs well [7]. When selecting a financial advisor, business owners should seek options that offer both fee-based and commission-based services, allowing them to choose the model that best fits their needs and preferences [10]:
Personalized financial strategies
Personalized financial strategies have become essential in today's complex business environment. Generic financial advice no longer suffices for business owners facing unique challenges and opportunities. Effective financial planning requires a deep understanding of each business owner's specific situation, goals, and risk tolerance. Advisors who offer tailored advice can address the nuanced needs of both the business and the owner's personal finances. Regular strategy reviews and adjustments ensure that financial plans remain relevant and effective as circumstances change. By aligning financial strategies with specific goals, business owners can make more informed decisions and achieve better outcomes. This personalized approach leads to more effective resource allocation, improved risk management, and ultimately, greater financial success for both the business and its owner.
Managing Personal and Business Finances
Effective financial management requires a clear separation between personal and business finances. Here's how to achieve this:
Create distinct accounts
Open separate bank accounts and credit cards for your business [3]. This allows you to:
Track business income and expenses accurately
Simplify tax preparation and financial reporting
Protect personal assets from business liabilities
Establish a salary structure
Pay yourself a regular salary from your business [4]. This practice:
Creates a clear boundary between personal and business funds
Ensures you maintain financial discipline
Allows for easier budgeting and financial planning
Track all transactions
Maintain meticulous records of all financial transactions. Use accounting software to:
Categorize expenses properly
Generate accurate financial reports
Identify tax deductions more easily
Set clear financial boundaries
Avoid mixing personal and business expenses. This means:
Not using business funds for personal purchases
Not using personal credit cards for business expenses
Keeping clear documentation for any loans between you and your business
Creating a Realistic Business Budget
A well-crafted budget is crucial for business success. Follow these steps to create an effective budget:
1. Analyze past financial data
Analyzing past financial data is crucial for creating an accurate and effective budget. By reviewing previous years' income and expenses, you gain valuable insights into your business's financial patterns and performance. This historical perspective helps identify trends, allowing you to make more informed projections for the future. Examining seasonal fluctuations in cash flow is particularly important, as it enables you to anticipate and prepare for periods of higher or lower revenue. Understanding these cyclical patterns helps you manage resources more efficiently throughout the year. Additionally, analyzing trends in revenue and costs over time reveals long-term growth trajectories and potential areas for improvement. This comprehensive review of past financial data forms the foundation for a realistic and achievable budget, enhancing your ability to make sound financial decisions and plan strategically for your business's future.
2. Estimate future revenue
Estimating future revenue is a critical step in financial planning for businesses. This process involves projecting income for the upcoming year based on several key factors. Historical growth rates provide a foundation for future projections, offering insights into past performance patterns and potential trajectories. Market conditions and trends play a crucial role in shaping revenue expectations, as they reflect the broader economic environment and industry-specific dynamics. For instance, changes in consumer demand, new competitors entering the market, or technological advances can significantly impact revenue forecasts. Additionally, considering new products or services planned for launch is essential, as these offerings can drive substantial revenue growth. By analyzing these elements together, businesses can develop more accurate and realistic revenue forecasts, enabling better financial planning and decision-making for the coming year. This comprehensive approach to revenue estimation helps companies anticipate challenges, identify opportunities, and allocate resources effectively to achieve their financial goals.
3. List all expenses
Listing all expenses is a crucial step in creating a comprehensive budget. This process involves categorizing costs into fixed and variable components. Fixed costs, such as rent or mortgage payments, insurance premiums, and salaries for permanent staff, remain relatively constant regardless of business activity. Understanding these costs provides a baseline for financial planning and helps determine the minimum revenue needed to break even. Variable costs, including inventory, utilities, and marketing expenses, fluctuate based on business volume. Tracking these expenses is essential for understanding how costs scale with revenue and for identifying areas where efficiency can be improved. By thoroughly listing and categorizing all expenses, businesses gain a clear picture of their cost structure, enabling more accurate financial projections and informed decision-making. This detailed approach to expense management allows for better cost control, resource allocation, and ultimately, improved profitability.
4. Build in contingencies
Building contingencies into your budget is crucial for financial stability and flexibility. By setting aside 10-20% of your total budget for unexpected expenses or opportunities, you create a financial buffer that can protect your business from unforeseen challenges. This practice helps mitigate risks, enhances stakeholder confidence, and allows for greater adaptability in project management. Contingency funds enable quick responses to emergencies without derailing overall financial plans. Regular reviews of this allocation are essential to ensure it remains adequate as business conditions change. These reviews allow you to adjust the contingency amount based on current risk assessments, market conditions, and past experiences. By proactively managing contingencies, you improve decision-making, reduce uncertainty, and position your business to navigate both challenges and opportunities more effectively.
5. Use budgeting tools
Using budgeting tools is essential for modern businesses to streamline their financial processes and improve accuracy. User-friendly budgeting software simplifies complex financial tasks, making it easier for teams to create and manage budgets effectively. Automatic expense tracking eliminates manual data entry, reducing errors and saving time. Cloud-based tools offer real-time updates and collaboration features, enabling teams to work together seamlessly regardless of location. This technology-driven approach provides up-to-date financial insights, facilitates better decision-making, and enhances overall financial management. By leveraging these tools, businesses can improve their budgeting accuracy, save time on administrative tasks, and gain a more comprehensive view of their financial health
6. Review and adjust regularly
Reviewing and adjusting your budget regularly is crucial for maintaining financial health and adapting to changing business conditions. Monthly budget reviews allow you to track progress, identify discrepancies, and address issues promptly. Comparing actual results to projections helps you understand the accuracy of your forecasts and pinpoint areas that need attention. This practice enables you to detect trends, spot potential problems early, and capitalize on unexpected opportunities. Making adjustments based on performance and changing conditions ensures your budget remains relevant and effective. Regular reviews and adjustments transform your budget from a static document into a dynamic tool that guides decision-making and supports your business goals. This proactive approach to budgeting enhances financial control, improves resource allocation, and increases your ability to navigate market fluctuations successfully.
Tax Planning Strategies for Business Owners
Effective tax planning can significantly reduce your tax burden. Consider these strategies:
Understand your business structure
Different business structures have varying tax implications [5]. Consult with a tax professional to determine if your current structure is optimal for your situation.
Options include:
Sole proprietorship
Partnership
Limited Liability Company (LLC)
S Corporation
C Corporation
Time income and expenses strategically
Manage your taxable income by timing transactions:
Defer income to the next tax year when possible
Accelerate deductible expenses into the current year
Consider the impact on both business and personal taxes
Maximize deductions
Take advantage of all available deductions:
Home office expenses
Vehicle expenses for business use
Professional development and education costs
Business travel expenses
Contribute to retirement plans
Reduce taxable income while saving for the future:
Consider options like SEP IRAs, SIMPLE IRAs, or Solo 401(k)s
Maximize contributions to reduce current year tax liability
Plan contributions based on cash flow and long-term goals
Stay informed about tax law changes
Tax laws evolve frequently. To stay compliant and optimize your tax strategy:
Work with a knowledgeable tax professional
Attend tax seminars or webinars for business owners
Subscribe to reputable tax news sources
Plan for estimated tax payments
Avoid penalties by making timely estimated tax payments:
Calculate and set aside funds for quarterly tax payments
Use accounting software to track tax obligations
Consider working with a tax professional for accurate estimates
Benefits of Separating Personal and Business Finances
Maintaining a clear division between personal and business finances offers numerous advantages:
Legal protection
Separating finances helps maintain the legal distinction between you and your business [6]. This:
Protects personal assets from business liabilities
Strengthens the legal structure of your business entity
Reduces personal financial risk in case of business challenges
Simplified accounting
Keeping finances separate streamlines your accounting processes:
Easier to track business income and expenses
Simplifies tax preparation and financial reporting
Reduces errors in bookkeeping
Improved financial analysis
Separate accounts provide clearer insights into your business performance:
Accurate assessment of business profitability
Better understanding of cash flow patterns
Easier to identify areas for cost-cutting or investment
Enhanced credibility
Separate business finances demonstrate professionalism:
Builds trust with clients, vendors, and partners
Improves chances of securing business loans or investments
Presents a more professional image to stakeholders
Easier tax compliance
Separation simplifies tax preparation and reduces audit risks:
Clear distinction between personal and business expenses
Easier to identify and claim business deductions
Reduced likelihood of triggering an IRS audit
Better personal financial management
Separating finances allows for more effective personal financial planning:
Clearer picture of personal income and expenses
Easier to set and achieve personal financial goals
Reduced stress from mixing personal and business finances
Implementing Financial Best Practices
To put these strategies into action:
1. Schedule a financial review
Set aside time to assess your current financial situation and identify areas for improvement.
2. Consult with professionals
Work with a financial advisor, accountant, and attorney to create a comprehensive financial strategy.
3. Invest in financial education
Attend workshops, read financial publications, and stay informed about business finance trends.
4. Leverage technology
Implement digital tools for budgeting, accounting, and financial analysis.
5. Regularly reassess your strategy
Review and adjust your financial plans quarterly to ensure they align with your evolving business needs.
By implementing these strategies, you'll be well-positioned to navigate the financial challenges and opportunities of 2024 and beyond. Remember, effective financial management is an ongoing process that requires attention, adaptability, and expert guidance.
Meet
Brent Boden
Hi there I’m Brent, I provide holistic financial guidance, covering budgeting, debt management, saving, investing, tax-saving strategies, and estate planning. I focus on empowering my clients. I help medical professionals manage their finances effectively while navigating debt, and savings, and achieving financial goals. I can’t wait to help you achieve your financial goals.
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References:
[3] https://sbdctampabay.com/separating-business-finances-from-personal-finances/
[5] https://www.tgccpa.com/5-year-end-tax-planning-strategies-for-businesses/
[6] https://www.robinwaite.com/blog/6-reasons-to-keep-business-and-personal-finances-separate
[7] https://cwattorneys.com/benefits-of-fee-based-advisors/
[8] The Potential Benefits of Transparent Fee-Based Financial Planning
[10]Why and how advisors move to a fee-based business
Material prepared herein has been created for informational purposes only and should not be considered investment advice or a recommendation. Information was obtained from sources believed to be reliable but was not verified for accuracy. It is important to note that federal tax laws under the Internal Revenue Code (IRC) of the United States are subject to change, therefore it is the responsibility of taxpayers to verify their taxation obligations.
Savvy Wealth Inc. is a technology company. Savvy Advisors, Inc. is an SEC registered investment advisor. For purposes of this article, Savvy Wealth and Savvy Advisors together are referred to as “Savvy”. All advisory services are offered through Savvy Advisors, while technology is offered through Savvy Wealth. The views and opinions expressed herein are those of the speakers and authors and do not necessarily reflect the views or positions of Savvy Advisors
Mastering Business Owner Finances: A 2025 Guide for Savvy Entrepreneurs
As a financial advisor, I see business owners face unique challenges when managing their finances. This guide provides updated strategies for 2025 to help you optimize your financial planning, budgeting, and tax management.
Latest Financial Planning Trends for Business Owners
Business owners must stay ahead of financial trends to thrive. Key developments for 2024 include:
Digital financial tools
More businesses prioritize digital financial solutions to improve operations [1]. Digital financial tools have become essential for modern businesses seeking to enhance their operations. The shift towards digital solutions is driven by the need for efficiency, accuracy, and real-time insights. Cloud-based accounting software allows for seamless data access and collaboration across teams, regardless of location. AI-powered financial forecasting tools provide predictive analytics, enabling businesses to make data-driven decisions and anticipate market changes. Digital payment systems streamline transactions, reduce processing times, and improve cash flow management. By adopting these technologies, businesses can automate routine tasks, minimize errors, and gain deeper insights into their financial health. This digital transformation empowers business owners to focus on strategic growth initiatives rather than getting bogged down in manual financial processes.
Holistic financial planning
Holistic financial planning has become crucial for business owners in 2024. This approach recognizes the interconnected nature of personal and business finances. By assessing both sets of financial goals together, business owners gain a comprehensive view of their overall financial health. This integrated perspective allows for the creation of strategies that optimize both personal and business outcomes. It's essential to consider how business decisions affect personal finances and vice versa. For example, reinvesting profits into the business might impact personal savings goals, while personal financial stability can influence business risk tolerance. This holistic approach ensures alignment between business growth and personal financial security, leading to more balanced and sustainable financial decisions.
Transparent pricing models
Transparent pricing models have become increasingly important in the financial advisory industry. Business owners should prioritize financial advisors who offer clear fee structures and comprehensive explanations of all costs [7]. This transparency builds trust, reduces conflicts of interest, and allows clients to make informed decisions about their financial planning [8]. Fee-based models, where advisors charge a flat fee or a percentage of assets under management, are gaining popularity over commission-driven approaches [9]. This shift aligns the advisor's interests with the client's financial success, as the advisor's compensation grows when the client's portfolio performs well [7]. When selecting a financial advisor, business owners should seek options that offer both fee-based and commission-based services, allowing them to choose the model that best fits their needs and preferences [10]:
Personalized financial strategies
Personalized financial strategies have become essential in today's complex business environment. Generic financial advice no longer suffices for business owners facing unique challenges and opportunities. Effective financial planning requires a deep understanding of each business owner's specific situation, goals, and risk tolerance. Advisors who offer tailored advice can address the nuanced needs of both the business and the owner's personal finances. Regular strategy reviews and adjustments ensure that financial plans remain relevant and effective as circumstances change. By aligning financial strategies with specific goals, business owners can make more informed decisions and achieve better outcomes. This personalized approach leads to more effective resource allocation, improved risk management, and ultimately, greater financial success for both the business and its owner.
Managing Personal and Business Finances
Effective financial management requires a clear separation between personal and business finances. Here's how to achieve this:
Create distinct accounts
Open separate bank accounts and credit cards for your business [3]. This allows you to:
Track business income and expenses accurately
Simplify tax preparation and financial reporting
Protect personal assets from business liabilities
Establish a salary structure
Pay yourself a regular salary from your business [4]. This practice:
Creates a clear boundary between personal and business funds
Ensures you maintain financial discipline
Allows for easier budgeting and financial planning
Track all transactions
Maintain meticulous records of all financial transactions. Use accounting software to:
Categorize expenses properly
Generate accurate financial reports
Identify tax deductions more easily
Set clear financial boundaries
Avoid mixing personal and business expenses. This means:
Not using business funds for personal purchases
Not using personal credit cards for business expenses
Keeping clear documentation for any loans between you and your business
Creating a Realistic Business Budget
A well-crafted budget is crucial for business success. Follow these steps to create an effective budget:
1. Analyze past financial data
Analyzing past financial data is crucial for creating an accurate and effective budget. By reviewing previous years' income and expenses, you gain valuable insights into your business's financial patterns and performance. This historical perspective helps identify trends, allowing you to make more informed projections for the future. Examining seasonal fluctuations in cash flow is particularly important, as it enables you to anticipate and prepare for periods of higher or lower revenue. Understanding these cyclical patterns helps you manage resources more efficiently throughout the year. Additionally, analyzing trends in revenue and costs over time reveals long-term growth trajectories and potential areas for improvement. This comprehensive review of past financial data forms the foundation for a realistic and achievable budget, enhancing your ability to make sound financial decisions and plan strategically for your business's future.
2. Estimate future revenue
Estimating future revenue is a critical step in financial planning for businesses. This process involves projecting income for the upcoming year based on several key factors. Historical growth rates provide a foundation for future projections, offering insights into past performance patterns and potential trajectories. Market conditions and trends play a crucial role in shaping revenue expectations, as they reflect the broader economic environment and industry-specific dynamics. For instance, changes in consumer demand, new competitors entering the market, or technological advances can significantly impact revenue forecasts. Additionally, considering new products or services planned for launch is essential, as these offerings can drive substantial revenue growth. By analyzing these elements together, businesses can develop more accurate and realistic revenue forecasts, enabling better financial planning and decision-making for the coming year. This comprehensive approach to revenue estimation helps companies anticipate challenges, identify opportunities, and allocate resources effectively to achieve their financial goals.
3. List all expenses
Listing all expenses is a crucial step in creating a comprehensive budget. This process involves categorizing costs into fixed and variable components. Fixed costs, such as rent or mortgage payments, insurance premiums, and salaries for permanent staff, remain relatively constant regardless of business activity. Understanding these costs provides a baseline for financial planning and helps determine the minimum revenue needed to break even. Variable costs, including inventory, utilities, and marketing expenses, fluctuate based on business volume. Tracking these expenses is essential for understanding how costs scale with revenue and for identifying areas where efficiency can be improved. By thoroughly listing and categorizing all expenses, businesses gain a clear picture of their cost structure, enabling more accurate financial projections and informed decision-making. This detailed approach to expense management allows for better cost control, resource allocation, and ultimately, improved profitability.
4. Build in contingencies
Building contingencies into your budget is crucial for financial stability and flexibility. By setting aside 10-20% of your total budget for unexpected expenses or opportunities, you create a financial buffer that can protect your business from unforeseen challenges. This practice helps mitigate risks, enhances stakeholder confidence, and allows for greater adaptability in project management. Contingency funds enable quick responses to emergencies without derailing overall financial plans. Regular reviews of this allocation are essential to ensure it remains adequate as business conditions change. These reviews allow you to adjust the contingency amount based on current risk assessments, market conditions, and past experiences. By proactively managing contingencies, you improve decision-making, reduce uncertainty, and position your business to navigate both challenges and opportunities more effectively.
5. Use budgeting tools
Using budgeting tools is essential for modern businesses to streamline their financial processes and improve accuracy. User-friendly budgeting software simplifies complex financial tasks, making it easier for teams to create and manage budgets effectively. Automatic expense tracking eliminates manual data entry, reducing errors and saving time. Cloud-based tools offer real-time updates and collaboration features, enabling teams to work together seamlessly regardless of location. This technology-driven approach provides up-to-date financial insights, facilitates better decision-making, and enhances overall financial management. By leveraging these tools, businesses can improve their budgeting accuracy, save time on administrative tasks, and gain a more comprehensive view of their financial health
6. Review and adjust regularly
Reviewing and adjusting your budget regularly is crucial for maintaining financial health and adapting to changing business conditions. Monthly budget reviews allow you to track progress, identify discrepancies, and address issues promptly. Comparing actual results to projections helps you understand the accuracy of your forecasts and pinpoint areas that need attention. This practice enables you to detect trends, spot potential problems early, and capitalize on unexpected opportunities. Making adjustments based on performance and changing conditions ensures your budget remains relevant and effective. Regular reviews and adjustments transform your budget from a static document into a dynamic tool that guides decision-making and supports your business goals. This proactive approach to budgeting enhances financial control, improves resource allocation, and increases your ability to navigate market fluctuations successfully.
Tax Planning Strategies for Business Owners
Effective tax planning can significantly reduce your tax burden. Consider these strategies:
Understand your business structure
Different business structures have varying tax implications [5]. Consult with a tax professional to determine if your current structure is optimal for your situation.
Options include:
Sole proprietorship
Partnership
Limited Liability Company (LLC)
S Corporation
C Corporation
Time income and expenses strategically
Manage your taxable income by timing transactions:
Defer income to the next tax year when possible
Accelerate deductible expenses into the current year
Consider the impact on both business and personal taxes
Maximize deductions
Take advantage of all available deductions:
Home office expenses
Vehicle expenses for business use
Professional development and education costs
Business travel expenses
Contribute to retirement plans
Reduce taxable income while saving for the future:
Consider options like SEP IRAs, SIMPLE IRAs, or Solo 401(k)s
Maximize contributions to reduce current year tax liability
Plan contributions based on cash flow and long-term goals
Stay informed about tax law changes
Tax laws evolve frequently. To stay compliant and optimize your tax strategy:
Work with a knowledgeable tax professional
Attend tax seminars or webinars for business owners
Subscribe to reputable tax news sources
Plan for estimated tax payments
Avoid penalties by making timely estimated tax payments:
Calculate and set aside funds for quarterly tax payments
Use accounting software to track tax obligations
Consider working with a tax professional for accurate estimates
Benefits of Separating Personal and Business Finances
Maintaining a clear division between personal and business finances offers numerous advantages:
Legal protection
Separating finances helps maintain the legal distinction between you and your business [6]. This:
Protects personal assets from business liabilities
Strengthens the legal structure of your business entity
Reduces personal financial risk in case of business challenges
Simplified accounting
Keeping finances separate streamlines your accounting processes:
Easier to track business income and expenses
Simplifies tax preparation and financial reporting
Reduces errors in bookkeeping
Improved financial analysis
Separate accounts provide clearer insights into your business performance:
Accurate assessment of business profitability
Better understanding of cash flow patterns
Easier to identify areas for cost-cutting or investment
Enhanced credibility
Separate business finances demonstrate professionalism:
Builds trust with clients, vendors, and partners
Improves chances of securing business loans or investments
Presents a more professional image to stakeholders
Easier tax compliance
Separation simplifies tax preparation and reduces audit risks:
Clear distinction between personal and business expenses
Easier to identify and claim business deductions
Reduced likelihood of triggering an IRS audit
Better personal financial management
Separating finances allows for more effective personal financial planning:
Clearer picture of personal income and expenses
Easier to set and achieve personal financial goals
Reduced stress from mixing personal and business finances
Implementing Financial Best Practices
To put these strategies into action:
1. Schedule a financial review
Set aside time to assess your current financial situation and identify areas for improvement.
2. Consult with professionals
Work with a financial advisor, accountant, and attorney to create a comprehensive financial strategy.
3. Invest in financial education
Attend workshops, read financial publications, and stay informed about business finance trends.
4. Leverage technology
Implement digital tools for budgeting, accounting, and financial analysis.
5. Regularly reassess your strategy
Review and adjust your financial plans quarterly to ensure they align with your evolving business needs.
By implementing these strategies, you'll be well-positioned to navigate the financial challenges and opportunities of 2024 and beyond. Remember, effective financial management is an ongoing process that requires attention, adaptability, and expert guidance.
Meet
Brent Boden
Hi there I’m Brent, I provide holistic financial guidance, covering budgeting, debt management, saving, investing, tax-saving strategies, and estate planning. I focus on empowering my clients. I help medical professionals manage their finances effectively while navigating debt, and savings, and achieving financial goals. I can’t wait to help you achieve your financial goals.
References:
[3] https://sbdctampabay.com/separating-business-finances-from-personal-finances/
[5] https://www.tgccpa.com/5-year-end-tax-planning-strategies-for-businesses/
[6] https://www.robinwaite.com/blog/6-reasons-to-keep-business-and-personal-finances-separate
[7] https://cwattorneys.com/benefits-of-fee-based-advisors/
[8] The Potential Benefits of Transparent Fee-Based Financial Planning
[10]Why and how advisors move to a fee-based business
Material prepared herein has been created for informational purposes only and should not be considered investment advice or a recommendation. Information was obtained from sources believed to be reliable but was not verified for accuracy. It is important to note that federal tax laws under the Internal Revenue Code (IRC) of the United States are subject to change, therefore it is the responsibility of taxpayers to verify their taxation obligations.
Savvy Wealth Inc. is a technology company. Savvy Advisors, Inc. is an SEC registered investment advisor. For purposes of this article, Savvy Wealth and Savvy Advisors together are referred to as “Savvy”. All advisory services are offered through Savvy Advisors, while technology is offered through Savvy Wealth. The views and opinions expressed herein are those of the speakers and authors and do not necessarily reflect the views or positions of Savvy Advisors
