Nerd's Eye View

OCTOBER 27, 2023

Also in industry news this week: A survey indicates that while financial advisors remain the most trusted source of financial advice, they might increasingly encounter client questions and ideas that originated from social media Following the transition of advisors and clients from TD Ameritrade and amid competition from competing RIA custodians, Charles (..)

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Financial Planner Financial Advice Financial Advisor Tax Planning 246

Nerd's Eye View

OCTOBER 14, 2022

While this will help seniors keep pace with rising prices, it also creates tax planning opportunities for advisors and raises the possibility that the Social Security Trust Fund could be depleted sooner than expected. for 2023, the largest COLA since 1981. Why accounting firms have become hot acquisition targets for RIAs.

Financial Planner 246

Financial Planner Tax Planning Clients Accounting 246

Nerd's Eye View

JULY 7, 2023

Also in industry news this week: A recent survey indicates that a strong majority of financial advisory clients have maintained their trust in their advisors despite the investment market setbacks experienced last year A report from the SEC shows that a majority RIAs have mandatory arbitration clauses in their client agreements, a practice that has (..)

Financial Planner 246

Financial Planner Tax Planning Clients Valuation 246

Nerd's Eye View

NOVEMBER 18, 2022

A potential compromise during the lame-duck Congressional session could see a boost to the child tax credit and extended tax breaks for businesses. From there, we have several articles on tax planning: How advisors can add value for their clients by managing their exposure to mutual fund capital gains distributions.

Financial Planner 245

Financial Planner Tax Planning CFP Taxes 245

Nerd's Eye View

SEPTEMBER 6, 2024

Also in industry news this week: A probe by the Government Accountability Office found that the conflict-of-interest disclosures offered by many firms offering financial advice are often inadequate or confusing, making it hard for consumers to understand whether and when a financial professional is operating in their best interest A recent study has (..)

Financial Planner 246

Financial Planner Tax Planning Compliance Financial Advice 246

Nerd's Eye View

JUNE 21, 2024

Also in industry news this week: A recent survey indicates that financial advisors continue to move towards ETFs and away from mutual funds when it comes to client portfolio recommendations, though a majority of advisors continue to see a role for active management in the investment management process A former employee has filed a lawsuit alleging (..)

Financial Planner 246

Financial Planner Financial Advisor Taxes Math 246

Nerd's Eye View

MAY 12, 2023

Also in industry news this week: Why industry groups representing investment advisers and others have blasted an SEC proposal that would significantly expand its Custody Rule A new study suggests that organic client growth and profit margins are the key factors driving RIA valuations, with the firm’s affiliation model having little to no impact (..)

Financial Planner 246

Financial Planner Clients Tax Planning Food 246

Nerd's Eye View

MAY 31, 2024

Also in industry news this week: Legislation that has passed through the U.S.

Financial Planner 236

Financial Planner Ethics Financial Advisor Taxes 236

Nerd's Eye View

JULY 12, 2024

Also in industry news this week: 2 House committees this week advanced legislation that would halt implementation of the Department of Labor's new Retirement Security Rule, which, combined with ongoing lawsuits, threaten to derail the regulation either before or soon after it becomes effective in late September A Federal judge has put the future of (..)

Financial Planner 189

Financial Planner Clients Tax Planning Accounting 189

Nerd's Eye View

JUNE 7, 2024

Also in industry news this week: Backers announced the new Texas Stock Exchange, which seeks to provide companies with a lower-cost alternative to the NYSE and Nasdaq, which, if successful, could create a more competitive landscape and potentially better execution and reduced trading costs for financial advisors and their clients The American College (..)

Financial Planner 189

Financial Planner Financial Advisor Certification Estate Planning 189

Harness Wealth

APRIL 28, 2025

This article explores the distinctions between K-1 and 1099 reporting, explaining their impact on tax planning, basis calculations, filing deadlines, and strategies to optimize your after-tax returns from alternative investments.

Tax Planning 52

Tax Planning Distribution Taxes Compliance 52

Darrow Wealth Management

NOVEMBER 7, 2024

Here’s an outline of key considerations; the rest of this article discusses these items in detail. Exercise strategy: Timing: Consider the tax implications of exercising vested options before or after the IPO, timing of sales, and tax planning opportunities. A lockup period can range from 90 to 180 days.

Taxes 98

Taxes Wealth Management Wealth Advisor Tax Planning 98

Harness Wealth

APRIL 30, 2025

When you understand various exit strategies and their tax implications early, you position yourself to make informed decisions that maximize after-tax value while ensuring a smooth transition. With proper planning, certain tax obligations can be legally deferred, reduced, or in some cases eliminated entirely.

Taxes 52

Taxes Planning Tax Planning Sales 52

Harness Wealth

FEBRUARY 26, 2023

Cost-saving tax planning can be much more difficult to implement after your company is well-established and has reached the stage where an IPO, merger, or acquisition becomes a likely event. ISOs can only be issued to employees, and the company issuing the ISO cannot take a tax deduction. More on this below.

Tax Planning 52

Tax Planning Startup Taxes Planning 52

Harness Wealth

FEBRUARY 27, 2023

Traditional IPO: Valuation, Lockup Period, and Employee Equity Founders have more options for reducing the tax consequences of an acquisition Founders are generally in the best position to engage in tax planning and limit the taxable consequences associated with an acquisition. Particularly relevant in 2020.)

Tax Planning 52

Tax Planning Startup Taxes Planning 52

Carson Wealth

MARCH 26, 2024

By Mike Valenti, CPA, CFP®, Director,Tax Planning LLCs can provide legal protections and a level of anonymity, either or both of which can be beneficial for business owners, investors, and others with valid intentions. From the business : Legal business name and all DBA names Physical address (not a P.O.

License 129

License Tax Planning CFP Taxes 129

Harness Wealth

APRIL 17, 2025

For ongoing education needs, the Lifetime Learning Credit allows for up to $2,000 per tax return to be claimed for qualified education expenses. Though non-refundable, this credit has no limit on the number of years it can be claimed, making it particularly valuable for graduate students or those pursuing professional development.

Taxes 52

Taxes Tax Planning Education Medical 52

James Hendries

AUGUST 10, 2022

Contributions to your HSA, and any interest or earnings, grow tax. Contributions and any earnings you withdraw will be tax-free if used to pay qualified medical Here are the key tax numbers for 2022 and 2023. High-deductible health plan: self-only coverage. This article was prepared by Broadridge.

Accounting 52

Accounting Numbers Taxes Tax Planning 52

Harness Wealth

MARCH 27, 2025

Although these transactions are less common than LP- or GP-led secondaries, they can offer buyers a number of advantages. State and local taxes Secondary funds and their investors may face various state and local taxes, including income tax, franchise tax, and property tax. FIRPTA planning using a U.S.

Taxes 52

Taxes Tax Planning Assets Compliance 52

Darrow Wealth Management

NOVEMBER 17, 2022

The ‘millionaires’ tax will also ensnare taxpayers who exceed the $1M limit after selling a home, business, stock options, or other types of one-time events. Article is a general communication only and should not be used as the basis for making any type of tax, financial, legal, or investment decision.

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Taxes Wealth Management Tax Planning Planning 111

Harness Wealth

MARCH 6, 2025

Determining the fair market value of stock options, for example, can be time-consuming, with a tax extension allowing individuals to make sure theyre maximizing the potential tax benefits of their equity compensation. This eliminates the need for a separate extension form and provides a confirmation number for your records.

Taxes 52

Taxes Tax Planning Consulting Electronics 52

Darrow Wealth Management

JULY 1, 2024

Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. This tax benefit is scheduled to sunset at the end of 2026.

Taxes 105

Taxes Tax Planning Planning Estate Planning 105

James Hendries

SEPTEMBER 20, 2022

Income shifting (also known as income splitting) may be defined as dividing income in a way that lowers overall taxes. Each child can receive limited partnership interests worth $16,000 (the current annual gift tax exclusion amount) from each parent as gifts, without federal gift tax consequences. an affiliate of LPL Financial.

Tax Planning 52

Tax Planning Taxes Planning Accounting 52

Integrity Financial Planning

FEBRUARY 26, 2023

Tax season is fast approaching, so you may find yourself with some important tax questions. This article will cover some of the pitfalls of this process to make sure that you get the most out of your taxes this year. Make sure your social security number is accurate on your forms. Don’t file too early!

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Taxes Numbers Financial Planning Planning 98

Darrow Wealth Management

MARCH 29, 2024

The credit reduces your tax liability to reflect prepaid tax. Here’s a summary of how exercising ISOs can trigger the alternative minimum tax – with examples. This is a general communication should not be used as the basis for making any type of tax, financial, legal, or investment decision.

Taxes 105

Taxes Tax Planning Planning Wealth Management 105

Darrow Wealth Management

APRIL 21, 2025

Converting a traditional IRA to a Roth doesnt make sense unless you have cash to pay taxes without dipping into your retirement savings. Depending on your taxable income, cash flow needs, and other factors, there may be certain years that are the best time for Roth conversions.

Retirement 56

Retirement Retirement Planning Taxes Accounting 56

Harness Wealth

APRIL 30, 2025

The people who undergo an audit have been selected due to a number of red flags that the IRSs computer-based system has detected. In this article, well examine the nature of IRS audits, the common audit red flags that result in IRS scrutiny, and how professional tax advisors can help reduce the risk of you being audited.

Compliance 52

Compliance Taxes Consulting Accounting 52

Harness Wealth

FEBRUARY 19, 2025

In this article, well examine BOI reporting requirements, who needs to file, and how the BOI filing process works. EIN/Tax ID: Enter the company’s EIN or other applicable tax identification number. This article should not be considered tax or legal advice and is provided for informational purposes only.

Taxes 52

Taxes Financial Advisor Consulting Certification 52

Harness Wealth

MAY 2, 2025

Unless Congress intervenes, the TCJAs sunset will usher in a swathe of tax increases in 2026, with analysts estimating that over $4 trillion worth of tax hikes could take effect. tax-paying arena. A number of TCJA provisions are set to revert to pre-TCJA levels or disappear entirely, impacting both individuals and businesses.

Taxes 52

Taxes Clients Insurance Distribution 52

Harness Wealth

MARCH 6, 2025

W-2 employees have taxes withheld from their paychecks, while freelancers receive a 1099 NEC (or 1099 MISC ) with no withholding, making them responsible for calculating and paying their own income tax, Social Security, and Medicare taxes. On the whole, its advisable to consult a tax adviso r to develop a dependable tax plan.

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Taxes Consulting Professional Services Advertising 52

Harness Wealth

JANUARY 29, 2025

As effective as tax-loss harvesting can be, there are a number of important details that investors need to be aware of in order to implement the strategy successfully while following regulations. What are the drawbacks of tax-loss harvesting? This article is a product of Harness Tax LLC.

Taxes 52

Taxes Assets Sales Portfolio 52

Darrow Wealth Management

MARCH 24, 2024

6 tax strategies for incentive stock options and AMT Triggering the alternative minimum tax isn’t the end of the world, but you don’t want to do it by accident. By the end of the year, you already know most of the tax inputs so your CPA and financial advisor can help in developing a tax projection.

Taxes 59

Taxes Tax Planning Planning Financial Advisor 59

Harness Wealth

MAY 12, 2025

tax industry is currently in a tight corner, grappling with a major talent shortage. The numbers paint a stark picture, with approximately 340,000 fewer accountants working today compared to just five years ago (Bloomberg). In 2022, the number of exam participants reached its lowest point since 2006.

Taxes 52

Taxes Compliance Accounting Numbers 52

Harness Wealth

DECEMBER 30, 2024

In an effort to help employees manage their tax liabilities more effectively, the Internal Revenue Code offers provisions like the 83(b) election , which allows employees to pay tax on the fair market value of restricted stock at the time of its granting as opposed to vesting. This article is a product of Harness Tax LLC.

Taxes 52

Taxes Compliance Compensation Planning Financial Advisor 52

Harness Wealth

MARCH 27, 2025

Allowing a pass-through entity to pay state income taxes directly, PTET effectively shifts the tax burden from individual owners to the business itself. In doing so, PTET effectively turns an entity’s state tax payments into a deductible business expense that can help reduce federal tax liabilities.

Taxes 52

Taxes Compliance Consulting Financial Planning 52

Darrow Wealth Management

MARCH 24, 2024

6 tax strategies for incentive stock options and AMT Triggering the alternative minimum tax isn’t the end of the world, but you don’t want to do it by accident. By the end of the year, you already know most of the tax inputs so your CPA and financial advisor can help in developing a tax projection.

Taxes 52

Taxes Tax Planning Planning Financial Advisor 52

Nerd's Eye View

DECEMBER 30, 2024

Each week in Weekend Reading For Financial Planners, we seek to bring you synopses and commentaries on 12 articles covering news for financial advisors including topics covering technical planning, practice management, advisor marketing, career development, and more.

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Financial Advisor Insurance Tax Planning Taxes 238