Monthly Archives: April 2020

Episode 6 — How can small business owners optimize SBA PPP loans? – with Curt Welker, CPA and Tax Partner of PKF San Diego



Congress has recently approved an additional $310 Billion in SBA PPP loans. This aims at supporting small businesses in running their operations and paying their workers. However, it is crucial that business owners gain an in-depth understanding of this program in order to optimize SBA PPP loans.

At Centura Wealth Advisory, we help small business owners by through tax planning and business strategies to maximize their wealth.

Today, Derek Myron joins tax expert Curt Welker, CPA tax partner with PKF San Diego to provide a breakdown of the SBA PPP. Together they offer many key facts about this program and answer your burning questions. 

In this episode, you’ll learn:

  • What should business owners do before and when they have gotten the PPP SBA loan
  • The hurdles business owners need to jump through before receiving complete loan forgiveness
  • Important strategies you can implement to optimize this program for your business
  • Can employers defer social security payroll taxes under the PPP 
  • How can business owners free up additional cash flow in these times
  • And more!

Tune in now to learn all about the SBA PPP program and how it can help keep your business afloat!

Resources:  Centura Wealth Advisory | PKF Accounting San Diego | Email Derek MyronEmail Curt Welker


SPECIAL UPDATE: COVID-19, PART 2



In this follow-up COVID-19 episode, we expand on actions business owners should be taking in response to the  COVID-19 economic shut down, and follow up on some previously shared information. As the circumstances are constantly changing, we want our clients and the community to be well informed.

Dan Yates, CEO of Endeavor Bank, returns for part 2 of our COVID-19 special update. Dan provides advice and an update for business owners regarding the Paycheck Protection Program loans, how to effectively utilize the loan, plus how to best optimize for loan forgiveness and more.

Listen in for these important updates regarding this rapidly developing situation and key advice for business owners. 

Resources: Centura Wealth Advisory | Jonathan Freeman LinkedIn | Endeavor Bank | Dan Yates LinkedIn


Episode 4 — Harnessing the General Power of Appointment for Tax Planning — With David Gebhardt, Esq.



Centura Wealth Advisory believes in sourcing and vetting new strategies that complement traditional money management, allowing the firm to bring only the best value-added solutions to clients. To do so, they often bring in amazing people who share their vision can help clients achieve the best results.

Today, Kyle Malmstrom returns with special guest David Gebhardt of Centara Legal Group. Together, they discuss how they help clients save estate taxes with some extraordinary strategies using the general power of appointment.

In this episode, you’ll learn:

  • What the general power of appointment is and why it was introduced
  • Ways Centura Wealth Advisory gives clients greater flexibility with their estate planning
  • How the power of appointment can impact your tax planning
  • When and why you would use a power of appointment
  • And more!

Tune in now to learn how to use the power of appointment to help you Liberate your wealth!

Resources: Centura Wealth Advisory | Centara Legal Group


SPECIAL UPDATE: COVID-19



In this special episode, we share updates on how we are responding to the COVID-19 situation, how we’re assisting our clients, and what actions we’re advising investors to take during this time of uncertainty. 

Derek Myron of Centura Wealth Advisory speaks with Dan Yates CEO of Endeavor Bank.  Dan shares updates on the ever-evolving processes for the distribution of the SBA’s Paycheck Protection Program funding, from the application process to the timely importance of requesting your loan forgiveness. 

Tune in now to learn how the banks and government are working together in this time of need to keep the small businesses of America afloat.

Resources: Centura Wealth Advisory | Endeavor Bank


Episode 3 — Amp Up Your Financial Planning with CLATs (Charitable Lead Annuity Trusts)



While many are unfamiliar with Charitable Lead Annuity Trusts (CLATs), those who have heard of this financial tool typically see it as a means to fulfill their philanthropic or estate planning needs. 

But Centura Wealth Advisory sees CLATs as a tool that can offer so much more.

Today, Derek Myron joins Centura’s director of planning Sean Clark to explore the world of CLATs and the unique ways they are used at Centura to help clients also solve their income tax planning and retirement planning issues.

In this episode, you’ll learn:

  • How CLATs are structured and how they work
  • The different kind of CLATs available and what they’re useful for
  • How Centura utilizes grantor CLATs
  • Examples of how CLATs have helped Centura clients realize their financial goals
  • And more!

Tune in now to learn all about CLATs and how they can help you liberate your wealth!

Resources:  Centura Wealth Advisory | Doing Good By Doing Well White Paper