Tom Meaglia photo

Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

March/April 2019

Reduce Costs and Increase Profits

Two spheres with different sizes on a seesaw with the words income and expenditure over white background, profit or ROI concept.

Every business owner wants a leaner company with increased profits, but finding areas where you can cut costs can be difficult. These ideas may help.


Reduce Your Tax Bill
Opening and contributing to a qualified retirement plan like a SEP-IRA (front cover), profit-sharing or 401(k) can minimize your business’ taxes, which may potentially increase profits and help you and your employees prepare financially for retirement.


It’s too late to establish a 401(k) plan for 2018 taxes, but you can set one up by December 31, 2019 and have its effective date retroactive to as early as January 1, 2019. You have until the tax filing deadline plus extensions to set up and contribute to other qualified plans.


Market Digitally
In today’s digital world, companies communicate with customers via social media. Post regularly and make your business relevant and useful to your customers. Acknowledge your best customers with rewards. Thank them online. Satisfied customers can help contribute to increase sales.


Save with Tech
You and your salespeople can travel the globe without leaving your office through teleconferencing and other meeting tools. Consider cloud-based software solutions and online backups, which may save you considerable money. And, while you’re at it, consider filing estimated quarterly taxes online, too.


Work via Tech
Consider allowing employees to work remotely, satisfying your employees and opening yourself up to more qualified job candidates throughout the U.S. and, for that matter, the world. Use online tools to reduce redundant paperwork and the wasted hours used to produce it. You may even consider moving to a smaller brick-and-mortar office space, thanks to your new telecommuting policy.


Tech and Finance
Bank and invest online. Deposit checks via your smartphone, thanks to newer technology. You can even find personal assistants, bookkeepers and other financial types who work exclusively online.


Take Precautions
While you count your tech-enabled cost savings and the additional profits generated by content marketing, don’t forget to take precautions by maintaining current virus-scanning and malware software to guard against a digital hack. For banking, investing and other online financial transactions, use a password manager that changes your password every time you log in. Or use two-factor verification, which includes a code texted to your cell phone, each time you use your password.


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online newsletter so I can thank them personally.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.