Business Description:

Business consultant (single owner) with no employees.

Client Requirements:

The client wants the max amount of deduction.

Recommended Solution:

LimPark™ Express

Price:

$500 per year, all fees included

Summary:

After leveraging the benefits of LimPark™ Express, the client has a total deduction of $56,000 for 2019.

Estimated Tax Savings:

$22,400 (Assuming 40% tax rate)

Business Description:

Freelancer (single owner) with no employees.

Client Requirements:

The client wants eo max Roth contribution while the tax rate is low.

Recommended Solution:

LimPark™ Express

Price:

$500 per year, all fees included

Summary:

After leveraging the benefits of LimPark™ Express, the client has a total deduction of $56,000 for 2019.

Estimated Tax Savings:

N/A

Business Description:

A family of four operates a Mediterranean restaurant. There are no additional employees as it is a family-owned business.

Client Requirements:

The owner and her husband request for a maximum tax deduction while their children want maximum Roth contribution.

Recommended Solution:

LimPark™ Plus

Price:

$1,500 per year, all fees included

Summary:

After leveraging the benefits of LimPark™ Plus, the owner has a total deduction of around $486,000 and their two children will receive $110,000 in a Roth account.

Estimated Tax Savings:

$194,720 (assuming 40% tax rate) for owner and spouse.

Business Description:

A small retail shop owned by four partners. Employees are mostly part-time with a high turnover rate and are not qualified for the company retirement plan. Only one store manager and one long term employee are qualified for the company retirement plan.

Client Requirements:

Each owner wants a specific contribution amount ($61K, $61K, $35K and $30K ) while keeping the cost as low as possible.

Recommended Solution:

LimPark™ Enterprise

Price:

$1,500 per year, all fees included

Summary:

After leveraging the benefits of Limpark™ Enterprise, the four owners each have a contribution of $61,000, $61,000, $35,000 and $30,000 as they individually requested while the company’s cost to the two employees is less than $5,000 for 2018.

Estimated Tax Savings:

Total of $76,700 for all owners. For each owner, it is $24,875 for owner 1 & 2, $14,475 for owner 3 and $12,475 for owner 4. (Assuming 40% tax rate)

Business Description:

New IT startup.

Client Requirements:

The client needs a retirement plan for recruiting and employee retention purposes.

Recommended Solution:

LimPark™ Enterprise

Price:

$600 per year, all fees included

Summary:

After leveraging the benefits of Limpark™ Enterprise, the company has a standardized 401K Safe Harbor Match Plan where all employees can make 401K contributions while receiving a company match up to 4% of pay at a very low cost. It has increased employee job satisfaction.

Estimated Tax Savings:

N/A. The goal of the plan is to increase employees’ job satisfaction, tax-saving estimation is not available.

Business Description:

Dr. Mike and his spouse run a physician's office together. They have three other employees; two nurses and one front desk administrator for the year 2019.

Client Requirements:

The client wants to maximize the company's contribution to himself and his wife while keeping the overall cost as low as possible.

Recommended Solution:

LimPark™ Enterprise Premium

Price:

$3,150 per year, all fees included

Summary:

After leveraging the benefits of LimPark™ Enterprise Premium, the physician's office has a total contribution amount of $450,000 for Dr. Mike and his spouse, while the three employees receive around $14,000.

Estimated Tax Savings:

$185,550 for Dr. Mike and spouse. (Assuming 40% tax rate)