Financial Planning for Oregon Small Businesses
From your first hire to your succession plan, work with a Springfield-based fiduciary financial planner who has built a business too.
We will design the incentives that will keep your employees happy and you profitable.
How much is your business worth?
Receive a data-driven estimate by completing a short questionnaire about your business.
Key people are valuable.
Help protect your business against the loss of a key person.
We provide the resources, training, and expertise to develop a critical life skill - financial literacy.
Financial Planning
for Oregon Small Business Owners
Business Plans
Your business is constantly changing, we help keep you on track
A well-built business plan helps you make clearer decisions about hiring, spending, and growth.
Together we will try to help you:
-
Explore Your Target Markets
-
Perfect Your Elevator Pitch
-
Forecast Expenses and Profits
-
Stay Focused with Milestones
-
Review and Understand Your Numbers
-
Develop a Marketing Plan
-
Design Your Company's Benefits Plan
-
Build a Profit-Focused Operating Model
Employer Sponsored Benefits
We aim to help keep your employees happy and you profitable. Learn more about Group Benefits.
We help protect your employees and their families with life, disability, and long-term care coverage from Oregon-licensed carriers.
Succession Planning
​
Facing retirement or declining health?
We'll help you plan for smooth business continuation with a well-funded buy-sell agreement
Is a Buy-Sell Agreement Right for You? Ask yourself:
-
Are there other owners of your business?
-
Do you have a succession plan in place in case of death or retirement? Is it funded?
-
Has a business continuation plan been discussed with family members and key employees?
-
If one of your business partners dies, do you want to continue to do business with the deceased partner’s heirs?
-
Will your business partners look after your family’s financial needs?
-
Will there be enough cash to settle your estate expenses?
-
Will your family receive a fair price for your share of the business?
Two Types of Buy-Sell Agreements:
A Buy-Sell Agreement Provides:
-
Cross purchase - Other stockholders purchase the stock of the departing member
- Stock redemption - The corporation purchases the stock of the departing member
​
-
An agreed upon price
-
A guaranteed buyer
-
Prompt settlement
-
Fixed estate tax value
-
Relief to family from burdens
Are you buying or selling a financial practice in Springfield or Eugene? Contact us to start the conversation.
How much is your business worth?
Sample of an automated business value estimate generated through BizEquity, our third-party platform partner accessed via Augustar Financial. Estimates are not certified appraisals.
What the estimate shows:​
-
Equity Value
-
Enterprise Value
-
Asset Sale Value
-
Liquidation Value
​
When the estimate fits:
The BizEquity estimate is a planning tool, not a certified appraisal. It is useful for the following kinds of conversations:
-
As a starting point before engaging a transaction advisor for a future sale or transition
-
To frame insurance coverage discussions with your insurance professional
-
To support strategic planning and goal-setting conversations
-
To begin succession planning thinking with your family or partners
​For estate or gift tax filings, divorce, shareholder disputes, ESOP valuations, or financial reporting, a certified appraisal from a qualified business appraiser is required. T. Mann Financial can refer you to one when needed.
What you will need:
-
Two most recent business income tax returns
Other relevant figures (goodwill, intellectual property, key intangibles)
Retirement Plans for Oregonians
Ask us about profit-sharing, pensions, and 401(k)s
Oregon Small Business Retirement Plan Options
(for information purposes only)
Oregon Saves
Features
Tax-free growth
Tax-free withdrawals (retirement)
​
Employer Contributions:
None
​
​
​
Employee Contributions:
Up to $7,500 (8,600 if over 50) in 2026
​
​
​
Employer's Role
Must register with OregonSaves
Submit employees' contributions
​
​
Key Exclusion Criteria
Employees must be 18 years old
​
​
​
Employee-centered
Portable, can easily move from company to company
​
​
​
Investment Options
Very limited
*This is for informational purposes only, please speak to a financial professional before making investment decisions.
OregonSaves.com
​
SEP IRA
Features
Invest pre-tax dollars
Tax-free growth
​
Employer Contributions:
1-25% of employees’ income**
Employers are not required to contribute annually. The 2026 max contribution is $72,000 (2025 max $70,000)
​
Employee Contributions:
None
​
​​
Employer's Role
Must certify exemption
Submit employees' contributions
​
​​
Key Exclusion Criteria
Employees must have worked 3 of last 5 years and earned at least $750 in 2023 - 2025; $650 in 2021 and 2022; $600 in compensation (in 2016 - 2020).
​
Owner/Employee-centered
Total traditional IRA and Roth IRA contributions cannot exceed $7,500 for 2026 (8,600 if over 50) and may be made in addition to SEP contributions.
​
Investment Options
Very diverse with TMFS
*This is for informational purposes only, please speak to a financial professional before making investment decisions. irs.gov
​
**Self-employment tax must be subtracted which results in a lower maximum contribution.
SIMPLE IRA
Features
Invest pre-tax dollars
Tax-free growth
​
Employer Contributions:
2% non-elective
or
3% elective
​
Employee Contributions:
$17,000 in 2026
+$4,000** catch up for age 50+
​
Employer's Role
Must certify exemption
Submit employees' contributions
​
​
Key Exclusion Criteria
Employees must have worked 2 straight years and earned $5,000 and are expected to do so again (2026).
​
Balanced
Employees only get company match if they participate
​
​
​
Investment Options
Very diverse with TMFS
*This is for informational purposes only, please speak to a financial professional before making investment decisions. irs.gov
**Under a change made in SECURE 2.0, a higher catch-up contribution limit applies for employees aged 60, 61, 62 and 63 who participate in SIMPLE plans. For 2026, this higher catch-up contribution limit is $5,250.
Is your business OregonSaves Compliant?
Oregon Saves
​
"Oregon employers are required to facilitate OregonSaves if they don’t offer an employer-sponsored retirement plan."
Penalties for Non-compliance: $100 for the first year per eligible employee, up to $5,000 annually. Source: Oregon Revised Statutes § 178.215 and Oregon BOLI penalty guidance.
Life Insurance in Oregon
We help you and your employees' families prepare for the unthinkable
Universal Life Insurance
Premiums
Flexible, with adjustable payment schedules
​
Duration*
Permanent (for life)
​
Cash Value:
Yes
Grows tax-deferred
Can be withdrawn tax-free as policy loans**
​
Death Benefit:
Tax-free***
*This assumes all premiums are paid on time and in full.
​
​**Under current tax law, policy loans are viewed as a return of principal and can be taken out tax-free, certain restrictions such as those imposed on modified endowment contracts may apply.
​
***Death benefits are generally received income tax-free under IRC §101(a). Certain situations, including employer-owned policies and transfer-for-value transactions, may affect this treatment. Consult a tax professional. Source: IRS Publication 525.
Whole Life Insurance
Premiums
Generally higher than term options, fixed for the policy life
​
Duration*
Permanent (for life)
​
Cash Value:
Yes
Grows tax-deferred
Can be withdrawn tax-free as policy loans**
​
Death Benefit:
Tax-free***
*This assumes all premiums are paid on time and in full.
​
​**Under current tax law, policy loans are viewed as a return of principal and can be taken out tax-free, certain restrictions such as those imposed on modified endowment contracts may apply.
***Death benefits are generally received income tax-free under IRC §101(a). Certain situations, including employer-owned policies and transfer-for-value transactions, may affect this treatment. Consult a tax professional. Source: IRS Publication 525.
Key Person Insurance
What is it?
Key Person Insurance provides a death benefit to the policy owner in the event of the death of an essential employee.
Who needs it?
If people are your business's greatest asset, you may need Key Person Insurance.
​
Who is a Key Person?
Someone whose contribution to your business is significant and whose death would place a financial burden on the business.
-
Executives
-
Top sales people
-
Highly visible employees
-
Financiers
-
Highly skilled or talented employees
​
What happens when a key person dies?
Your business may need to...
-
Hire and train a new employee
-
Rebuild company morale
-
Pay money to the deceased's family
-
Repair credit hurt by the loss
-
Replace lost earnings
​
How much is a key person worth?
Valuation Methods:
-
Multiple of salary
-
Contribution to earnings
-
Present value of projected loss in earnings
-
Replacement Cost
-
One year's profit
