Tax-efficient investment management is crucial to incorporate as part of a wholistic plan for both your business and personal financial portfolio. Though strong revenue and income figures help, how much money you keep after taxes is a significant factor in determining financial might.

To that end, Omnia Executive offers services including year-over-year tax reduction, long-term tax strategy planning, succession or exit planning, retirement planning and estate management. Our experienced and credentialed tax professionals know the ins and outs of corporate finances. We go beyond simply obtaining your data and clicking ‘Submit.’ We keep you ahead of the hockey puck with proactive and careful planning, avoiding pitfalls at every stage of your life.

Quality and Thoughtful Planning

Great CPAs consider all variables and are open to collaboration to devise creative solutions on your behalf. Instead of reactively fixing problems, they peer around their corner to reduce your tax hits each year and for the future. At Omnia, our seasoned team of tax pros will educate you on what tax-advantaged vehicles are available to you. We’ll collaborate to select the best path forward for each of these three financial phases:

1. Accumulation
   • Pre-tax contributions: Tax deduction received when made; investment growth is tax-deferred.
   • Roth contributions: Not tax-deductible, but investment growth is tax-free.
2. Withdrawal
   • Pre-tax: Taxed at ordinary income tax rates; Required Minimum Distributions (RMDs) apply. These accelerate over time so the IRS can collect the deferred taxes.
   • Roth: Qualified withdrawals are not taxed; RMDs do not apply.
3. Estate Distribution
   • Pre-tax balances: Withdrawals are added to the beneficiary’s taxable income, taxed at ordinary income rates.
   • Roth balances: Withdrawals from Roth accounts avoid income taxation for beneficiary.
   • Non-spousal beneficiaries: RMDs do not apply. But beneficiary is required to deplete account within 10 years of the descendant’s death.

At Your Service

We assist our clients with tax-efficient strategies for year-to-year savings, long-term success and overall peace of mind. There are three major financial woes we help you steer clear of:

1. Missing out on long-term planning opportunities.
2. Paying too much in taxes now, in retirement and during estate distribution.
3. Unchecked biases causing higher costs and delivering less value.

Establishing tax-sheltered, creditor-protected retirement accounts, reallocating funds to pension plans and avoiding RMDs on Roth assets are just a couple strategies to build wealth for you and morale for your employees. With 401(k) plus cash balance plans, you can avoid broker commissions, lending fees and owner-financing as part of a tax-conscious move out of your business.

The complex tax code requires a personalized approach for your specific needs. Our team will hunt opportunities in the tax code to mitigate your exposure to taxes and penalties. We’ll walk you through how various investments get taxed, the tax-rate differences of domestic vs. international stocks and the timing of when to claim your Social Security benefits to help you secure financial freedom. Some of our tax-optimizing services include:

• In-house filing
• Tax-loss harvesting
• Roth IRA contributions
• Roth conversions
• RMD strategies
• Withdrawal planning
• Donor-advised fund
• Net Unrealized Appreciation (NUA)