How to Work With Your CPA and Financial Advisor to Minimize Taxes
Tax planning isn't a once-a-year event — it's a year-round strategy. And for high-net-worth investors, the difference between a good outcome and a great one often comes down to one thing: whether your CPA and financial advisor are actually working together.
In this post, we break down what a truly coordinated planning team looks like, the key strategies that require collaboration — including 1031 exchanges, Delaware Statutory Trusts, and Qualified Opportunity Zones — and how to make sure your advisors are aligned before a major financial event catches everyone off guard.
Why Minneapolis Business Owners Are Rethinking Risk — And Turning to 831(b) Plans
In this post, Corey Smith breaks down why closely held business owners in Minneapolis are turning to 831(b) micro-captive insurance plans as a smarter, more strategic approach to risk management. From regulatory shifts and cyber threats to supply chain vulnerabilities, the gaps in conventional coverage are growing — and the cost of ignoring them is rising.
Corey explains how an 831(b) plan lets you create your own small insurance company to cover the risks your broker can't, while offering meaningful tax efficiency through premium deductibility and favorable investment income treatment. He also addresses the IRS scrutiny this space has faced head-on, emphasizing why proper structuring and compliance aren't optional — they're essential.
If you've been treating risk management as a checkbox, this is your sign to rethink that approach. The goal isn't to avoid taxes. It's to protect what you've built.