Financially Sound



46 Beechfern Drive Stittsville, ON K2S 1E3 info@financiallysound.ca

Professional Services and Small Business

The needs of clients in the professional service industry and small business owners are unique and varied compared to an employed individual. These clients have many roles that can include all or a portion of the role of CEO, finance, marketing, human resources, operations and administration. Typically, the focus is continually drawn to the immediate business issues and away from long term personal planning.

There are four key areas where we are of value to our owner/manager clients:

We consider tax efficiency

An owner/manager has options not available to employees to maximize the tax efficiency of his or her investments and expenses. Understanding taxation of business income is required along with considering the most tax efficient way investments, insurance and healthcare are purchased

We help manage risk

The owner manager must have adequate life, disability and health insurance in place for the protection of themselves and their families. Our expertise with insurance products ensures the right products are purchased in the most cost effective way.

We help the owner/manager plan for future income.

The goal of every owner/manager is to create a future income that cannot be outlived. Diversifying the sources of income increases the probability and tax efficiency of that income. We help owner/managers ensure sufficient total value exists in the business, securities or other assets so a tax efficient retirement income can be drawn when required.

We understand.

As a small business ourselves, we have relationships with a number of professionals, such as accountants, bookkeepers, marketing and Human Resource individuals that can help owner/managers continue and grow their success.