Harness Wealth

NOVEMBER 12, 2024

As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year. This is a product of Harness Tax LLC.

Tax Planning

Nerd's Eye View

MAY 16, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that Republicans in the House of Representatives this week released their long-awaited tax plan to address the impending sunset of many measures in the 2017 Tax Cuts and Jobs Act.

Financial Planner

Harness Wealth

APRIL 17, 2025

This represents a significant change from previous years’ higher percentages, making strategic timing of asset purchases increasingly important for tax planning purposes. Bonus Depreciation continues to evolve, with 2025 offering a 40% deduction rate for eligible new and used property.

Taxes

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

The Big Picture

JULY 16, 2025

So I would urge planners and individuals pursuing their own retirement plans to think about building in some of those lifetime, uh, giving, uh, aspirations. And also, you know, there are really nice tax planning mechanisms that people can use to help them achieve, achieve those things as well. Could you ask me again?

Retirement

Harness Wealth

APRIL 30, 2025

This article will explore how to navigate complex tax situations arising from multiple income sources, examining various income types, reporting requirements, self-employment obligations, and strategic approaches to record-keeping and tax planning that can help protect your financial interests.

Taxes

Cordant Wealth Partners

NOVEMBER 18, 2024

This article covers what a donor-advised fund is and why you should consider one. We also get you up to speed on the tax benefits of using a DAF. If you've heard of a DAF and are curious about incorporating it into your giving and tax planning strategy, this article is for you. What is a Donor Advised Fund?

Taxes

Harness Wealth

APRIL 17, 2025

The credit amount varies based on household income, family size, and the flexibility in how it is claimed, either as an advance credit that reduces monthly premiums or when filing taxes. Working with a qualified tax professional can help identify all applicable deductions and credits tailored to your unique financial circumstances.

Taxes

Harness Wealth

APRIL 17, 2025

Strategic tax planning with donor-advised funds One particularly powerful strategy involves “bunching” contributionsconsolidating multiple years of charitable giving into a single tax year. This article should not be considered tax or legal advice and is provided for informational purposes only.

Taxes

Tobias Financial

JUNE 16, 2025

These events may affect your investment approach, tax planning strategies, insurance needs, and estate planning documents. Without periodic evaluations, it’s possible for parts of your plan to become misaligned with your current circumstances.

Engineering

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 article should not be considered tax or legal advice and is provided for informational purposes only.

Taxes

Harness Wealth

MARCH 14, 2025

The hours spent managing administrative tasks , following up on missing paperwork, and ensuring compliance take away from time that could be spent on higher-value tax planning services. From a business perspective, automation enables tax firms to grow without adding more staff.

Taxes

Midstream Marketing

DECEMBER 6, 2024

Running focused social media campaigns that highlight their services and share their skills in areas like tax planning or retirement planning. Thought leadership articles : Share your personal views on market trends and ways to invest.

Marketing

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

Harness Wealth

JANUARY 29, 2025

A full list of tax provisions for states affected by natural disasters can be found here. In this article, well examine the most effective end-of-year tax strategies to help maximize your deductions and reduce your taxable income. This article is a product of Harness Tax LLC.

Taxes

WiserAdvisor

JULY 9, 2025

That is exactly what this article explores. Now, if you add tax planning, goal setting, retirement calculations, and estate planning to the mix, DIY investing can feel like a full-time job. For instance, if you need assistance with tax planning or retirement, you can hire a professional for only these causes.

Financial Advisor

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 Planning

Darrow Wealth Management

APRIL 23, 2025

The 83(b) election has the potential to significantly reduce the overall tax liability, especially for startup founders and employees who receive stock-based compensation. It’s usually a key part of pre-IPO tax planning and exit strategies.

Taxes

Carson Wealth

FEBRUARY 4, 2025

While most taxpayers dont need to worry about estate and gift taxes, having significant assets can make them a challenge. Also, like most UHNW individuals, you may have income from several sources like investments, real estate, and business interests that may require special tax planning.

Risk Management

Harness Wealth

APRIL 16, 2025

Tax planning serves as the cornerstone of the entire acquisition deal, extending far beyond a simple checkbox. Every element, from structure to price negotiations, hinges on understanding tax implications for all parties involved. To qualify for tax-free treatment under IRC Section 368 , attention to detail is essential.

Taxes

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

Harness Wealth

JANUARY 9, 2025

This article should not be considered tax or legal advice and is provided for informational purposes only. Please consult a tax and/or legal professional for advice specific to your individual circumstances. This article is a product of Harness Tax LLC.

Taxes

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.

Taxes

Harness Wealth

MARCH 6, 2025

A good rule of thumb is to set aside at least 30% of every payment you receive to cover your estimated tax obligationshowever, this percentage may need to be adjusted based on your individual tax bracket. On the whole, its advisable to consult a tax adviso r to develop a dependable tax plan.

Taxes

Harness Wealth

MARCH 27, 2025

State and local taxes Secondary funds and their investors may face various state and local taxes, including income tax, franchise tax, and property tax. These taxes can vary significantly depending on the location of the fund, its investors, and its investments. FIRPTA planning using a U.S.

Taxes

Harness Wealth

JULY 14, 2025

This article should not be considered tax or legal advice and is provided for informational purposes only. Please consult a tax and/or legal professional for advice specific to your individual circumstances. This article is a product of Harness Tax LLC.

Taxes

Harness Wealth

FEBRUARY 5, 2025

The rise of remote work and digital nomadism has made FEIE a common tax minimization strategy for Americans living abroad. Given FEIEs increased popularity, were going to explore the provision in this article, provide some understanding of how FEIE works in practice, and examine some of the other exemptions that U.S.

Taxes

Harness Wealth

APRIL 30, 2025

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. This article should not be considered tax or legal advice and is provided for informational purposes only.

Compliance

Harness Wealth

MAY 8, 2025

When considering the various business structures available, understanding the tax implications is crucial for making informed decisions. A Limited Partnership (LP) offers a unique blend of operational flexibility and liability protection, but its tax treatment can be complex. Table of Contents What Is a Limited Partnership (LP)?

Taxes

Yardley Wealth Management

FEBRUARY 18, 2025

In this article, we’ll break down the concept of waterfall wealth distribution, its benefits, and how it compares to traditional investment strategies. We’ll also explore the role of income tiers, provide real-world case studies, and highlight key considerations when implementing this strategy in your financial plan.

Wealth Management

Harness Wealth

JANUARY 10, 2025

Tax advice is a common topic on social media platforms like TikTok. Influencers promise easy ways to secure tax deductions, simplifying complex ideas into bite-sized claims that gloss over important details in the process. This article should not be considered tax or legal advice and is provided for informational purposes only.

Taxes

Wealth Management

JUNE 11, 2025

Whether clients support the policies with cash gifts or split-dollar, the discussion of options will necessarily involve a combination of insurance planning, tax planning, income and gift tax-oriented wealth transfer planning and investment planning.

Wealth Management

Darrow Wealth Management

NOVEMBER 11, 2024

Investors should consider whether the additional years of deferred growth are worth a tax rate that could be double down the road. State tax, inherited IRAs, RMDs State tax laws The focus of this article is on the federal income tax, but it’s important to remember some states have their own rules.

Taxes

Harness Wealth

JANUARY 29, 2025

This article should not be considered tax or legal advice and is provided for informational purposes only. Please consult a tax and/or legal professional for advice specific to your individual circumstances. This article is a product of Harness Tax LLC.

Taxes

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.

Financial Advisor

Harness Wealth

APRIL 16, 2025

Let us face ittech startups encounter a unique set of tax challenges that can make or break their financial future. The complex interplay between traditional tax regulations and the innovative nature of tech businesses demands smart planning from day one.

Startup

Darrow Wealth Management

JULY 24, 2025

The expanse and complexity of the new tax bill cannot be understated. Given the breadth and recency of the bill, tax, financial, and legal professionals will need time to assess the impact and consider various planning strategies. After all, it seems every few years Congress rewrites the tax code!

Taxes