BAS Financial

06/03/2026

Most successful business owners don’t have a “bad” financial setup, they usually just have an incomplete one. A retirement plan here, some tax planning there, maybe a buy-sell agreement sitting in a drawer, but very rarely is it all working together intentionally, and that’s where gaps quietly show up.

I put together a simple checklist to help business owners step back and evaluate things from a bigger picture perspective. It’s not a pitch, just a structured way to see what might be missing. If you want a copy, just message me “checklist” and I’ll send it over.

06/03/2026

The IRS just released the 2027 HSA contribution limits, and while the increases aren’t huge, they continue the steady trend upward, $4,500 for individuals and $9,000 for families, with the $1,000 catch-up remaining the same.

For most people, this might feel like a minor update, but HSAs are still one of the more unique tools available, offering tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses.

Where I think this becomes more interesting, especially for higher earners, is when you stop viewing it as a short-term spending account and start thinking about it as a long-term asset for future healthcare costs.

If you already have access to an HSA, it may be worth revisiting how you’re actually using it, not just how much you’re putting into it.

Here’s the full breakdown if you want to take a closer look:

IRS releases 2027 Health Savings Account contribution limits, raising individual cap to $4,500 and family limit to $9,000

06/02/2026

You have done everything right. Good school, long hours, a career that pays well above average. And yet, at the end of each month, your balance sheet tells a different story. If that feels familiar, you are not alone. Many...

Earning \$200K+ but not building wealth? Learn why San Diego HENRY professionals struggle with taxes, debt, and cash flow, and how to fix it with a coordinated strategy.

06/02/2026

Most people assume once the tax year ends, their options are pretty limited.

I’ve been having a lot of conversations lately with business owners who filed an extension for their 2025 taxes, and one thing keeps coming up… even though the tax year has technically ended, there may still be ways to create meaningful deductions without forcing a purchase that doesn’t really fit.

Instead of buying equipment, vehicles, or something they may not actually need just to create an expense, some are redirecting those dollars and generating six‑figure deductions, sometimes pushing into the $200K–$300K+ range depending on the situation.

It’s not a fit for everyone and the details matter quite a bit, but it’s a good reminder that tax planning doesn’t always have to mean spending just to write something off. Sometimes it’s just about being more intentional with where that money goes and how it ties into your long‑term goals.

If you filed an extension and haven’t explored everything yet, it might be worth taking a second look before things are finalized.

06/01/2026

Your credit score may impact what you pay for auto and home insurance.

Your credit score may influence how much you pay for auto and home insurance.

05/29/2026

Business owners tend to spend years building value, but far less time planning how they ultimately exit. I’ve been having more conversations lately where the business is doing well, but there’s still some uncertainty around what a future transition would actually look like.

Curious how others are thinking about it:
If you had to step away from your business in the next 3 to 5 years, what would feel like the biggest gap?
A. Understanding what the business is worth
B. Reducing taxes tied to a sale or transition
C. Replacing income after exiting
D. Aligning the business with personal financial goals

There’s no right or wrong answer here, just different starting points.

For anyone thinking about this, I put together a simple overview of how exit planning works and what tends to get overlooked.

You can take a look here: https://www.bas-financial.com/exit-planning-san-diego-business-owners

05/29/2026

Saving for college doesn’t have to be as complicated as college itself.

Here's a crash course on saving for college.

05/29/2026

California business owners, quick heads up…

If you have employees and don’t currently offer a retirement plan, the state now requires you to take action.

You have two options:
• Set up a qualified plan (like a 401k, SEP, or SIMPLE IRA)
• Or register with CalSavers, the state-run program

This isn’t optional anymore. As of 2026, the mandate applies to virtually all employers with at least one employee.

If no action is taken, the state can issue penalties:
• $250 per employee initially
• Increasing to $500 per employee annually if it continues

For some businesses, that adds up quickly and it’s avoidable.

More importantly, this is a good opportunity to step back and ask:
“Are we just checking the box, or are we putting something in place that actually benefits the business and the people in it?”

If you’re not sure where to start, or want to explore options beyond the state plan, happy to share what I’m seeing and what tends to work well.

If you haven’t addressed this yet and want to understand your options, I’m happy to have a conversation.

https://www.bas-financial.com/ask-a-question

05/28/2026

Living in San Diego is incredible, but it comes with a unique financial reality. Many professionals and business owners in our local tech, biotech, and business corridors find themselves in a position we call being a HENRY—High Earner, Not Rich Yet.

You’ve built a great career or a successful business, but between the elite cost of living and wealth being tied up in real estate or restricted accounts, it can feel like your wealth isn't fully "locked in" yet. We call this the San Diego Paradox.

I recently recorded a video based on our seminar, "Bridging the Gap: From High Income to Lasting Wealth," where I outline the four steps to bridge this liquidity gap:

👉 Build a "Bridge Account": Create a penalty-free path to liquidity so you can fund major life milestones without raiding your retirement accounts.
👉 Look Beyond the 401(k): Maximize local corporate benefits while incorporating advanced, tax-efficient strategies like the Mega Backdoor Roth.
👉 Protect Your Income Engine: Your ability to earn is your single greatest asset. Make sure it's shielded with coverage that actually reflects your lifestyle.
👉 Coordinate Business & Personal Wealth: For business owners, ensuring your personal financial health and your business valuation/succession plans are completely aligned.

If you're ready to move past a static financial binder and get a transparent, 360-degree view of your financial world, check out the full video below.

👇 Watch the full presentation here: https://youtu.be/EE0rODABNug

Are you earning an elite income but find that local living costs or...

05/27/2026

You may think preparing for a natural disaster includes packing a bag with food, water, and some of your possessions. But it should also include gathering financial documents, reviewing insurance policies, and getting cash. Check out these steps that

Incorporating financial preparedness into your disaster plans may help you handle the aftermath with more resilience