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A Guide to the 4 Types of Tax Preparers

Harness Wealth

In this guide, we explore the four main types of tax professionals and the benefits of working with a tax advisor to help navigate challenging tax scenarios. We’ll dive into what a tax advisor does, and help you make an informed decision about which type of tax professional is right for you.

Taxes 52
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Tax Planning for When Your Startup is Going Through an Acquisition

Harness Wealth

Founders, board members, and employees of startups that get acquired can experience tax consequences as a result of a liquidity event. It’s imperative to plan for the tax implications so you can be prepared to pay what you owe the IRS. When your shares are converted, this may be a taxable event.

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16 Ways to Invest $30,000 in 2023

Good Financial Cents

High-Yield Savings Accounts . Open a Health Savings Account (HSA) . High-Yield Savings Accounts. Open a Health Savings Account (HSA). Your investment into index funds is also entirely passive, meaning you can open a brokerage account, invest your $30,000, and leave it to grow and compound over time. Index Funds.

Investing 108
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Tax Planning for Startup Founders and Employees

Harness Wealth

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. The first three options are pass-through entities, so profits and losses are distributed to the owners who are taxed on them.

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31 Passive Income Ideas to Build Real Wealth (Updated for 2023)

Good Financial Cents

The first step is to build a small savings account that you can use later. After all, one of the goals of financial independence is to build wealth that doesn’t eat up your time, so you can enjoy life and do the things you choose to do. The truth is that building a passive income stream usually isn’t passive at first. But where do you start?