Cash Balance Plans: Maximizing Client Tax Savings with David Podell

Just in time for tax season, Tom and Adam, chat with David Podell, Founder of Business Benefit Consultants, and deep dive into tax savings and retirement planning for business owners. They discuss defined benefit plans, cash balance plans, and the advantages of profit sharing and 401(k) components. David emphasizes the importance of maximizing contributions to reduce taxes and increase retirement savings, even in the context of mergers and acquisitions. They also discuss the intricacies of plan setup, the need for expert collaboration, and the conservative management of assets within these plans.

Om Podcasten

Are you the owner of an accounting firm? Do you want to make your firm more profitable? Are you interested in providing Virtual CFO services to clients? Dedicated to perfecting Virtual CFO Services since our inception in 2002, Summit CPA Group, now Summit Virtual CFO Services by Anders, serves as Virtual CFOs for over 100 clients throughout North America. While most accounting firms focus on the past, our Virtual CFO team focuses on the future. This podcast seeks to help accounting firm owners like you learn how to provide successful Virtual CFO Services and become profitable. Tune in bi-weekly as our hosts Tom Wadelton, Virtual CFO, and Adam Hale, Partner at Anders CPAs + Advisors, interview industry-leading experts to share knowledge, as well as Adam’s experience acquired from more than 20 years as the lead provider of Virtual CFO services in North America. We'll answer some of the most common questions like how do I provide accounting services virtually? What's it like running a distributed team? And much, much more.