Washington Business Fall 2019 | Washington Business | Page 50

business backgrounder | economy
learn more at nov. 14 program on tax and investment planning for business owners
Kris Gray, the principal at Integrity Financial, will lead workshops on Nov. 14 and 15 on both sides of the state to
cover year-end tax and investment planning for employers.
The Nov. 14 workshop will be held in Kirkland, and on Nov. 15 he’ll deliver the material in Benton City.
Gray will describe how to develop a thoughtful process to address the main issues surrounding year-end tax and
investment planning.
He’ll describe the process to maximize personal wealth, minimize the tax burden of business ownership, and
create a thoughtful financial legacy for families. A variety of options will be discussed in detail, including ERISA
plans, Opportunity Zones and alternative investments, estate tax planning, and much more, along with a panel of
professionals for specific Q&A.
Visit awb.org to register.
“We want to be able to bring small
business something they might not be
able to provide on their own.”
“There are significantly more tax benefits with a
401(k) and a profit-sharing plan than there is with an
IRA,” Gray said.
There is also a federal tax credit to help offset out-of-
pocket costs for small businesses that are setting up their
— Deb Brown, president of AWB’s service arm,
first retirement plan. That $1,500 credit makes it even
Forterra
more attractive for small business owners, Gray noted.
MyFuture is set up with a range of customization that
allows for varying degrees of employer match or even
no match.
AWB’s program has attracted interest nationwide, with organizations in
To learn more about MyFuture,
other states becoming interested in replicating the program.
contact Michael Van Putten, the
“Financial wellness for employees is top of mind for employers. Employees
MyFuture relationship manager
continue to rank retirement benefits among the most highly valued benefit
for Forterra, at 360-259-0393.
offered by employers. We want to be able to bring small businesses something
they might not be able to provide on their own,” said Brown.
That means a high-quality retirement plan and investments with rock-
solid administrative support. The goal with MyFuture, Brown said, is to
ensure administrative ease, high-quality investment options and advice, and
support with technical issues and compliance
“Help is just a phone call away,” Brown said.
50 association of washington business