Services
Running a business creates a unique set of financial planning challenges and opportunities. Most business owners are great at making money. The ones who build real long-term wealth are the ones who have a plan for keeping it.
“I grew up around business owners who poured everything into what they built and never stopped to look at what they could be doing to take care of themselves financially. That’s exactly the gap I’m here to close.”
— Tommy Cooper, Financial AdvisorSelf-employed individuals and small business owners have access to some of the most powerful retirement savings tools available under the tax code. Services include establishing and optimizing SEP-IRAs, Solo 401(k)s, SIMPLE IRAs, and other qualified plans, with a focus on maximizing tax-deferred savings while keeping plan administration straightforward. For business owners with employees, retirement plan design and oversight are also available.
Business owners often pour everything back into the business, leaving personal financial planning as an afterthought. Services include building a personal financial plan that runs alongside the business: covering retirement savings, income protection, investment management, and tax strategy, so that personal wealth is building in parallel with the business itself.
Protecting a business from the unexpected departure, disability, or death of a key owner or employee is a planning area that most business owners acknowledge is important but rarely address. Services include reviewing existing buy-sell agreements, identifying appropriate insurance structures, and coordinating with legal counsel to ensure that the business has a clear plan in place for ownership transition.
Every business owner will eventually leave their business, the question is whether that transition happens on their terms or someone else’s. Exit and succession planning services include reviewing business valuation considerations, identifying the most appropriate exit strategy, and ensuring that the owner’s personal financial plan does not depend entirely on the outcome of a business sale.
Business ownership creates both complexity and opportunity on the tax side. Services include working alongside the client’s CPA to review business structure, compensation strategy, retirement plan contributions, tax-loss harvesting, and other areas where the tax impact of business decisions can be meaningfully reduced.
Offering benefits is one of the most effective ways to attract and retain employees. Through Beacon Financial Group, business owners have access to group coverage options including health insurance, dental insurance, life insurance, disability insurance, and ancillary employee benefits — with guidance on what makes sense for a business at each stage of growth.
The first conversation is free. No pitch, no pressure.
Self-employed business owners have access to several powerful retirement accounts: a SEP-IRA (up to $70,000/year, 25% of net income), a Solo 401(k) (up to $70,000/year with Roth option), and a SIMPLE IRA ($17,000/year, best for businesses with employees). Each has different contribution limits, administrative requirements, and tax advantages. Tommy Cooper helps business owners identify and set up the right plan for their situation.
A self-employed contractor can contribute up to 25% of net self-employment income to a SEP-IRA, with a 2026 maximum of $70,000. On $80,000 of net income, the maximum contribution is approximately $18,587 to $20,000, which reduces both income tax and self-employment tax simultaneously.
Exit planning is the process of preparing for an eventual business transition, whether through a sale, transfer to a family member, or transition to a key employee. Most business owners wait too long to start. The earlier planning begins, the more control the owner has over how the transition happens, what value is captured, and how the personal financial plan aligns with the outcome.
Yes. Through Beacon Financial Group, business owners have access to group coverage options including health insurance, dental insurance, life insurance, disability insurance, and ancillary employee benefits. Offering benefits is one of the most effective ways to attract and retain employees, and Beacon advisors help business owners navigate the options.
Tommy Cooper works best with people who are serious about their financial future but do not want to be talked at or sold to. That tends to be hardworking individuals, families building toward something, and business owners who want to make sure their personal finances are keeping up with the life they are working hard to create. If you want an advisor who treats you like an adult and tells you the truth, you are a good fit.
Business owners have access to a range of tax strategies including retirement plan contribution optimization, business structure review, compensation planning, tax-loss harvesting, cost basis management, and coordination with a CPA on quarterly estimated tax payments. The goal is to make sure every legitimate tax-saving opportunity is being used, not discovered after the fact.