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.

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Tax Planning Startup Taxes Planning 52

Harness Wealth

DECEMBER 8, 2022

Many states provide tax benefits for 529 contributions, and earnings from a 529 aren’t subject to federal tax when used to pay for eligible schooling-related costs. Related article: Tax Strategy: Gifting Assets. Donating appreciated stock directly to a charitable organization means you avoid paying the capital gains tax.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

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 (..)

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Financial Planner Tax Planning Clients Valuation 243

Nerd's Eye View

FEBRUARY 24, 2023

Also in industry news this week: Why the behavior of some TAMPs and investment advisers might have led the SEC to propose its new (and potentially burdensome) ‘outsourcing rule’ Why independent broker-dealers could become major players in RIA M&A in the coming year From there, we have several articles on advisor marketing: How to craft (..)

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Financial Planner Tax Planning Taxes Clients 235

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.

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Financial Planner Tax Planning Clients Accounting 223

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 (..)

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Financial Planner Tax Planning Clients Taxes 224

Nerd's Eye View

MARCH 15, 2024

Also in industry news this week: CFP Board this week announced changes to its Sanctions Guidelines and revisions to its Fitness Standards that clarify the factors that determine how potential sanctions are determined and revise the framework use to determine whether a candidate is eligible to become a CFP certificant The Financial Services Institute (..)

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Financial Planner CFP Taxes Tax Planning 130

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.

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Financial Planner Tax Planning CFP Taxes 204

Harness Wealth

JANUARY 24, 2023

So before you set off on your big move, consider the specific tax implications of doing so. Who knows, you might even find a more tax-friendly destination along the way.

Startup 52

Startup Tax Planning Taxes Planning 52

James Hendries

SEPTEMBER 20, 2022

The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal professional. This article was prepared by Broadridge. an affiliate of LPL Financial. LPL Tracking #1-05116964.

Tax Planning 52

Tax Planning Taxes Planning Accounting 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.

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Taxes Tax Planning Planning Financial Advisor 59

Harness Wealth

MARCH 7, 2022

In this article we’ll share answers to questions that come up constantly in these sessions (you’re not alone!). If there’s anything you’d like more clarity on, join us for 1:1 Equity Tax Planning Session. In this article we’ll cover: . What is the Alternative Minimum Tax (AMT)? . You can sign up here. .

Taxes 52

Taxes Tax Planning Planning Accounting 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.

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License Tax Planning CFP Taxes 129

Darrow Wealth Management

JANUARY 30, 2023

Here are some tax planning strategies to consider when you should start drawing from your IRA. Tax planning strategies for required minimum distributions Tax planning shouldn’t stop when you retire. Retirees in a low tax bracket for the year have several planning options to consider.

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Distribution Tax Planning Retirement Taxes 81

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.

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Taxes Tax Planning Planning Wealth Management 82

Darrow Wealth Management

JANUARY 29, 2024

This article is a high-level overview of the various estate planning techniques and considerations when using revocable living trusts from the perspective of a wealth advisor (e.g. Limiting access can provide estate tax planning benefits for some). Other living trust benefits State estate tax planning.

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Estate Planning Distribution Taxes Wealth Management 79

Calculated Risk

MAY 21, 2024

We are seeing scary articles about the debt again. 7) The Trump Tax Cuts: These tax cuts - mostly for the wealthy - were sold with several promises - all failed. See: The Failed Promises of the 2017 Tax Cuts and Jobs Act (TCJA).

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Taxes Budgeting Economy Economics 120

Integrity Financial Planning

AUGUST 28, 2023

In this article, we’ll talk about what happens when you make this conversion and give you some examples of different financial situations for when this could be the right move for you. Sources: [1] [link] This article is designed to provide general information on the subjects covered. Let’s say you’ve just changed jobs.

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Retirement Taxes Accounting Tax Planning 95

Integrity Financial Planning

SEPTEMBER 11, 2023

Source: [1] [link] This article is designed to provide general information on the subjects covered. Pursuant to IRS Circular 230, it is not intended to provide specific legal or tax advice and cannot be used to avoid penalties or to promote, market, or recommend any tax plan or arrangement.

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Retirement Taxes Distribution Tax Planning 98

Integrity Financial Planning

AUGUST 21, 2023

Sources: [1] [link] [2] [link] [3] [link] [4, 8] [link] [5] [link] [6] [link] [7] [link] This article is designed to provide general information on the subjects covered. The post Important Retirement Options for Small Business Owners appeared first on Integrity Financial Planning, Inc.

Retirement 95

Retirement Retirement Planning Taxes Accounting 95

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.

Taxes 95

Taxes Wealth Management Tax Planning Planning 95

Harness Wealth

NOVEMBER 27, 2023

Core components of CAS involve bookkeeping, payroll, tax planning & compliance services customized for each client. Tax Planning and Compliance With any of the above components, tax planning and compliance will be a major area of need, particularly for newer businesses.

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Accounting Clients Compliance Taxes 59

Tobias Financial

OCTOBER 13, 2022

Marianela also shared that “the time to do tax planning is before the year has come to a close, because it is going to be your last opportunity.”. Watch how investors can turn stock losses into tax savings here: [link] . Reach the full article on ways to trim your tax bill here: [link] .

Taxes 52

Taxes Tax Planning Budgeting Sales 52

Harness Wealth

MARCH 5, 2024

It’s important to note that tax advisors include three types of tax professionals : Certified Public Accountants (CPAs) Enrolled Agents (EAs) Tax Attorneys All three may offer different fee structures depending on the services offered and their firm’s unique expertise.

Taxes 52

Taxes Tax Planning Ethics Education 52

WiserAdvisor

MARCH 13, 2024

A financial advisor can help you understand the five pillars of retirement planning to ensure you stay a step ahead when planning for the later years of your life. This article will discuss the five pillars of retirement planning and why they are a critical component of your retirement plan.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

WiserAdvisor

AUGUST 31, 2023

This article goes over several benefits of hiring a financial advisor after you retire to help you decide if you need a financial advisor after retirement. A financial advisor can craft tax-efficient withdrawal strategies to minimize the tax burden on your retirement income. Tax planning is not solely about federal taxes.

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Financial Advisor Retirement Risk Tolerance Estate Planning 90

Harness Wealth

APRIL 17, 2023

In this article, we’ll discuss: Who Pays the Alternative Minimum Tax? If you live in one of these states, it’s essential to be familiar with the state-specific AMT rules, and other state-level tax implications to minimize your overall tax liability. Tax services provided through Harness Tax LLC.

Taxes 52

Taxes Tax Planning Planning Investing 52

Harness Wealth

FEBRUARY 20, 2024

Employed by law firms, corporate legal departments, or running their own practices, tax attorneys can be looked to for legal tax issues and disputes, along with comprehensive tax planning and preparation. This article should not be considered tax or legal advice and is provided for informational purposes only.

Taxes 52

Taxes License Education Tax Planning 52

Darrow Wealth Management

SEPTEMBER 7, 2023

So the choice ultimately has to be an educated guess in consideration with other key factors about your equity, post-IPO plans, and financial situation. Pros and cons of exercising stock options in a pre-IPO window If you are new to the tax implications and basics about exercising stock options, please read this article first.

Wealth Management 94

Wealth Management Taxes Tax Planning Valuation 94

Sara Grillo

MARCH 22, 2024

Aaron Parish [link] Level Wealth Stephan Shipe Home Scholar Advising Ohio Curtis Bailey quietwealth.net Flat Fee of $6,000 per year charged at $500 per month Brian Tegtmeyer Home Flat Fee financial planning, investment management, and tax planning for new retirees. I also provide one-time retirement plans for DIY investors.

Financial Planning 52

Financial Planning Fee Only Financial Planner Financial Advisor 52

James Hendries

AUGUST 10, 2022

The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal professional. This article was prepared by Broadridge. an affiliate of LPL Financial. LPL Tracking #1-05291480.

Accounting 52

Accounting Numbers Taxes Tax Planning 52

Darrow Wealth Management

JANUARY 9, 2023

Starting with the 2017 Tax Cuts and Jobs Act, then the 2019 Secure Act 1.0, it’s clear that investors need to be adaptive in tax planning. illustrates the importance of revisiting your retirement and tax planning strategy annually. ¹ At the very least, the Secure Act 2.0 The RMD age use to be pretty simple.

Accounting 59

Accounting Taxes Tax Planning Distribution 59

Indigo Marketing Agency

MARCH 24, 2023

Expertise in Tax Planning & Compliance: A CPA can help you identify tax-saving opportunities and help keep your clients in compliance with tax laws, reducing the risk of costly penalties and fees. Let your clients know you will keep their CPA information on file for proactive tax planning or tax-related questions.

Financial Advisor 52

Financial Advisor Tax Planning Taxes Clients 52

WiserAdvisor

JANUARY 5, 2024

This article will pinpoint six key distinctions that can underscore the difference in the investment strategies of these financial groups. High-net-worth individuals are adept at using legal mechanisms to optimize their tax planning. These not only serve philanthropic purposes but also come with potential tax benefits.

Investing 59

Investing Investments Wealth Accumulation Tax Planning 59

Tobias Financial

MARCH 20, 2024

In a recent MarketWatch article spotlighting tax filing options for married couples, our CEO, Marianela Collado, CPA/PFS, CFP®, CDS®, shared valuable insights on the choices between filing jointly or separately. While the tax code generally favors joint returns, there are instances where spouses may benefit from filing apart.

Taxes 52

Taxes CFP Education Planning 52

Tobias Financial

MARCH 20, 2024

In a recent MarketWatch article spotlighting tax filing options for married couples, our CEO, Marianela Collado, CPA/PFS, CFP®, CDS®, shared valuable insights on the choices between filing jointly or separately. While the tax code generally favors joint returns, there are instances where spouses may benefit from filing apart.

Taxes 52

Taxes CFP Education Planning 52

Darrow Wealth Management

FEBRUARY 20, 2023

There are lots of material legal issues at play which are entirely outside the scope of this article. This can also help with longer term tax planning optimization. Article was written by Darrow Wealth Management President Kristin McKenna and originally appeared on Forbes. Don’t let it pass you by!

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Startup Taxes Wealth Management Tax Planning 99