Business Owners: Have All of Your Financial Needs Met Under One Roof

There are many benefits of having a “one stop-shop” for all your financial needs when you are a business owner. One firm that handles your taxes, wealth management, and business accounting can provide a thorough tax strategy that is well-coordinated with your overall financial plan.

Having it all managed by an experienced team under one roof provides you with efficiency, clarity, and convenience. It can also promote confidentiality and security. Business owners benefit from all of this and much more by using accounting services that provide them with the data they need to make sound, well-informed decisions about their business.

Comprehensive Tax Strategizing Coordinated with Your Overall Financial Plan

Tax issues should be considered within your overall financial plan and when making decisions about retirement, estate planning, investments, insurance, and even charitable giving.

Why? Tax planning and financial planning are very closely related. A decision thought to be “good” from a financial planning perspective might not be from a tax planning perspective and vice versa.

Having a close, working relationship between the two types of advisors so that everything is considered when making important decisions can be beneficial. Applying proactive tax strategies can help put you in the best position possible to keep more of what you’ve earned and have more to pass on to the next generation.

For business owners, it is especially important to understand how business finances impact your personal finances and overall tax liability – right now and in the future.

You cannot run a highly profitable business without good accounting records. Accurate, timely accounting records provide you with the data you need to make good decisions. Profitable businesses need to minimize taxes while using revenue as efficiently as possible – both at the business and personal levels. Your decisions should consider the tax impact on your business and the overall impact on your personal finances. Having it all under one roof can result in well-coordinated strategies and better decision-making.

A classic example of this for the business owner is establishing and making contributions to your retirement plan. A multi-functional advisory group can also help owners establish a company retirement plan that integrates the company’s values while maximizing the benefits for the owner – a customized plan that dovetails into your overall financial plan.

Beyond tax considerations, there is great benefit from having one advisory group oversee your business accounting, tax planning, wealth management, investment strategizing, succession, and legacy planning. These are complex considerations for business owners and having one team with expertise in all of these areas means that you have one trusted source with a deep understanding of you and your business. This level of understanding can result in better financial advice and planning over time, which could be challenging to achieve when dealing with multiple firms.

Learn more about the benefits of Outsourcing Your Business Accounting

The one-stop shop offers the convenience of having one source for sound financial advice. Dealing with one firm’s team of advisors simplifies communication and reduces the potential for miscommunication or confusion that can occur when there are multiple relationships. When several firms are used it might be unclear who to reach out to in a given situation. In the event our firm is unable to provide a specific service such as legal advice or representation we can provide you with contact information for those in our large network of referral sources.


For example, perhaps you are preparing to start a new business. You need expert tax advice as to how to structure the new business, assistance with the monthly accounting functions, and fiduciary financial planning as it relates to your retirement plan. Or, if you experience a significant life event such as marriage or divorce who should you notify for guidance? A one-stop shop eliminates the confusion.

You can also benefit from the efficiency offered by a comprehensive Advisory group. Since they are under one roof you can be assured that the tax advisor and financial planner are coordinated as they strategize and make recommendations.

For business owners, if one group of advisors handles bookkeeping, accounting, tax, and financial reporting it frees the owner from these -time-consuming, yet necessary tasks. Ultimately, the owner has more time to focus on growing their business.

Clients can be assured of confidentiality. Having information off site and outsourced in one place prevents accidental disclosure of confidential client information with others.

Davis & Hodgdon Advisory Group (DHAG) is a business and financial services firm with locations in Williston and Rutland Vermont serving clients throughout the Northeast. DHAG is a one-of-a-kind financial firm with the unique ability to offer tax planning through Davis & Hodgdon CPAs, financial and investment planning through *Copper Leaf Financial, and client accounting services through Convergent Accounting. These comprehensive services address all of your business and individual needs and each has a fully dedicated staff. Since 1990 the firm has provided clients with progressive, proactive services through expert staff, high-end technology, and unparalleled efficiency.

*Copper Leaf Financial is an affiliated and separately registered entity.

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