Answers to Your Questions.Even Some You Didn't Know to Ask.

FAQ

You Have Questions - We Have Answers

What tax deductions can i claim for my business?

There are many deductions available to business owners, depending on your business structure and industry. We can help you identify all relevant deductions and maximize your tax savings.

What overlooked tax credits or incentives are available?

Insurance policies can be structured to minimize tax liabilities for beneficiaries through careful consideration of ownership and beneficiary designations, as well as the use of trusts and other estate planning tools.

Do I need business insurance?

Yes, most businesses require some form of insurance (e.g., general liability) to protect against unforeseen events and lawsuits.

How can I ensure that I'm adequately covered by insurance?

To ensure adequate coverage, business owners should assess their risks and consider policies tailored to their industry and specific needs with a trained professional.

What are the types of annuities, and which is best for me?

There are various annuities (fixed, variable, immediate) with different benefits. A financial planner can assess your retirement goals and risk tolerance to recommend the most suitable annuity.

How much should I be saving for retirement?

The ideal retirement savings amount depends on various factors like your age, income, and desired lifestyle. A financial planner can create a personalized retirement plan.

Are there any tax advantages to investing in annuities?

Annuities may offer tax-deferred growth, meaning earnings on investments within the annuity aren’t taxed until withdrawn, potentially allowing for greater accumulation over time.

Does my retirement income affect My tax Liability?

Yes, however, when it comes to retirement, minimizing taxes is key to maximizing your nest egg. Working with a financial professional who focuses on limiting your tax liability can be especially valuable.

A Family-owned business For those who dare to dream big

We’re passionate about guiding you towards financial freedom, so you can focus on what matters most – growing your business while enjoying your life.

Avoiding Financial Mistakes Is Easy When You Have an Expert in Your Contact List

Many entrepreneurs are left with more questions than answers when managing their finances. At Padua Financial, we take the guesswork out of taxes, insurance, and annuities. Whether you just started your business or nearing retirement, we have the expertise to help you succeed.