The success of your business increasingly depends on your ability to attract and retain top executive talent. But how can a small or mid-sized business offer the financial rewards that a large company can offer? The key is an executive benefit program that provides tax benefits, as well as financial rewards, to executives who stay with your company for an extended period. The benefits that Canby Financial Advisors can establish for you include:

• Split-Dollar Life Insurance
• Deferred Compensation
• Employer-Paid Financial Planning
• Stock Options
  

Split-Dollar Life Insurance

Split-dollar life insurance provides an income-tax-free benefit to the executive's family in case of an untimely death, in addition to tax-sheltered growth of cash value that is accessible to the executive. Premiums are tax deductible for the employer. The executive typically receives a bonus that pays for any additional taxes.

Deferred Compensation

Nonqualified, deferred-compensation plans allow your executives to defer an unlimited amount of their income on a pre-tax basis. As an added incentive, the employer may match or add to deferred compensation. Deferred compensation plans are easy to set up and administer, because no underwriting is required. The employer benefits, because contributions are excluded from retained earnings. The employee not only creates another source of retirement income, but also reduces current taxable income. Overall taxes may also be lower, if the employee moves to a lower tax bracket after retirement.

Employer-Paid Financial Planning

Key executives are likely to understand the need for financial advice. Yet, with their busy work schedules, focusing on the financial needs of their families may not get the attention it deserves. Now you can offer them independent, fee-based planning from the experienced professionals at Canby Financial Advisors.

Stock Options

Not all stock options are created equal. Should you offer qualified or nonqualified options to your key executives? Should you create an Employee Stock Option Plan (ESOP) or a Deferred Stock Option Plan (DSOP)? What are the tax planning and succession planning implications? Canby Financial Advisors will develop a program for you that can help meet your needs, as well as your employees' needs.