Harness Wealth

APRIL 30, 2025

For many business founders, the eventual exit from their company represents one of the most significant financial events of their lives. Without proper planning, taxes can unexpectedly take a large bite out of the proceeds, potentially reducing financial security and the legacy.

Taxes 52

Taxes Planning Tax Planning Sales 52

Harness Wealth

APRIL 17, 2025

Donor-advised funds (DAFs) have emerged as powerful tools that deliver this exact combination, providing immediate tax advantages while offering flexibility to recommend grants to qualified organizations over time. Table of Contents What Are Donor-Advised Funds, and How Do They Work?

Taxes 52

Taxes Tax Planning Distribution Assets 52

Harness Wealth

JULY 14, 2025

What are tax-efficient alternative investment structures? Tax strategies for high-income filers How Harness can help FAQs What are alternative investments? Alternative investments encompass a broad range of assets beyond traditional stocks, bonds, and cash.

Taxes 52

Taxes Investing Investments Assets 52

WiserAdvisor

JULY 9, 2025

These professionals may charge a fixed fee or a percentage of your assets under management (AUM). You could be lying in bed at night and suddenly thinking about changing your asset allocation. They work closely with asset management companies and brokerage firms, which gives them early access to new products or exclusive funds.

Financial Advisor 59

Financial Advisor Investing Investments Asset Allocation 59

Yardley Wealth Management

DECEMBER 17, 2024

This might seem conservative to some, but recent global events have demonstrated how quickly circumstances can change. Consider reviewing your asset allocation – not just the standard stocks versus bonds split, but also your exposure to different sectors, geographic regions, and alternative investments.

Financial Planning 52

Financial Planning Debt Management Retirement Planning Retirement 52

Darrow Wealth Management

APRIL 21, 2025

When there’s an opportunity to take advantage of current tax rates depending on your income level, conversions allow taxpayers to move money from before tax retirement accounts growing tax-deferred to after tax dollars growing tax free. Funds that have already been taxed wont be subject to double-taxation.

Retirement 54

Retirement Retirement Planning Taxes Accounting 54

Wealth Management

JULY 2, 2025

Related: Planning for Older Clients and Those with Disabilities Many GRATs include a so-called “swap” power in which the grantor is permitted to substitute assets of equivalent value with the GRAT. CCPA: Do not sell my personal info | Terms of Use | Code of conduct events | Privacy Policy | Cookie Policy 2d 369 (S.D.

Distribution 207

Distribution Estate Planning Wealth Management Planning 207

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. Get it right, and you will have set yourself up for a smooth transition and maximized returns.

Taxes 52

Taxes Tax Planning Startup Compliance 52

Harness Wealth

MARCH 27, 2025

Other reasons involve changes in investment strategy, portfolio rebalancing, or a simple desire to exit a specific asset class. Capital gains can result from the sale or exchange of capital assets, such as fund interests or portfolio company stock. What tax strategies optimize secondary investments? FIRPTA planning using a U.S.

Taxes 52

Taxes Tax Planning Assets Compliance 52

Harness Wealth

DECEMBER 30, 2024

The key differences between 83(i) and 83(b) elections While both the 83(b) and 83(i) elections are tools for managing tax liabilities on equity compensation, they serve different purposes and have distinct rules. In short, this can mean employees have to pay taxes on gains they never actually received.

Taxes 52

Taxes Compliance Compensation Planning Financial Advisor 52

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 165

Wealth Management Insurance Estate Planning Clients 165

Harness Wealth

APRIL 30, 2025

Foreign accounts Failure to report foreign bank accounts, financial assets, or income can result in severe penalties and trigger an audit. The IRS has intensified its efforts to combat offshore tax evasion, and unreported foreign holdings are a major red flag, especially with increased information sharing between countries.

Compliance 52

Compliance Taxes Accounting Assets 52

Zajac Group

NOVEMBER 7, 2024

Creating wealth that can provide financial security for generations to come is an incredible feat, and it requires careful planning, consideration, and communication among family members. For average earners or those with modest-sized estates, doing so will not create a federal estate tax event for their estate or inheritors.

Planning 52

Planning Estate Planning Taxes Assets 52

Carson Wealth

MARCH 21, 2025

But you might consider increasing your impact by setting up a structured , long-term philanthropic plan such as an endowment. An endowment is a portfolio of assets that is invested to provide support for a cause. Donations to endowment funds are tax-deductible, giving them a place in your overall financial management and tax plan.

Distribution 52

Distribution Nonprofit Government Taxes 52

Harness Wealth

APRIL 16, 2025

When unforeseen events created challengeslike significant market downturns, sudden financial hardships, or changes affecting the ability to pay tax liabilitiesrecharacterization offered a way out. Liquidity concerns often prompted investors to reverse conversions when they discovered insufficient funds to cover the resulting tax bill.

Taxes 52

Taxes Retirement Retirement Planning Distribution 52

Carson Wealth

JANUARY 28, 2025

When you have the resources to make an impact, this type of planning helps you pinpoint what you want to accomplish for your family, community, and society. Steps to Setting Up a Philanthropy Fund Taking the proper steps in the beginning can give your charitable giving plan a solid foundation. Reputational risk. Governance risk.

Risk Management 52

Risk Management Nonprofit Management Compliance 52

Darrow Wealth Management

MAY 7, 2025

What is a capital gains tax? When you sell an asset like a stock or a home, your gain could be taxable. The tax rate will depend on several factors, such as your holding period, type of asset, and your taxable income for the year. What is a capital gains tax? Single and married filing jointly are the most common.

Taxes 72

Taxes Accounting Assets Retirement 72

Harness Wealth

FEBRUARY 4, 2025

In this article, well explore all the details of alternative investments, the reasons behind their growth as an investment choice, and how their tax treatment differs from traditional assets. Well also go into some potential strategies to optimize tax efficiency. What Are the Tax Strategies for Alternative Investments?

Taxes 52

Taxes Investing Investments Startup 52

Harness Wealth

MARCH 20, 2025

Business equipment may also be subject to depreciation over time, allowing for the deduction of the asset’s declining value over its useful life. This includes meals during business meetings, networking events, or client consultations. They can also help with implementing a rental arrangement for business use of owned property.

License 52

License Taxes Insurance Consulting 52

Zajac Group

APRIL 23, 2025

For executives and entrepreneurs holding highly appreciated assets, the need for diversification becomes increasingly important. Selling stock outright, however, can incur a sizable tax billmaking it difficult to balance concentration risk with long-term portfolio preservation.

Distribution 52

Distribution Taxes Assets Tax Planning 52

Nationwide Financial

AUGUST 23, 2024

Eligibility Requirements: The distribution must be a lump-sum distribution following a triggering event such as separation from service, reaching age 59½, disability, or death. The distribution must include all assets from the retirement plan. What are the rules governing NUA?

Retirement 52

Retirement Retirement Planning Distribution Taxes 52

Wealth Management

JUNE 11, 2025

The MCC Trust agreement included terms about the distribution of trust assets: 3.2. The marital deduction doesn’t eliminate or reduce the tax on the transfer of marital assets out of the marital unit, but instead permits deferral until the death of the surviving spouse. Administration of Trust Estate for Beneficiary.

Taxes 165

Taxes Wealth Management Estate Planning Distribution 165

Harness Wealth

JULY 14, 2025

Importantly, tax software primarily focuses on current-year return preparation rather than comprehensive tax planning. This limitation means you may miss valuable year-round optimization strategies that could significantly reduce your overall tax burden.

Taxes 52

Taxes Tax Planning Education Electronics 52

Carson Wealth

JUNE 26, 2025

Retirement-related behavioral and financial changes raise many tax planning questions and opportunities. A trusted tax professional can help you implement these and other strategies to help you minimize taxes in retirement, helping your money last longer and you realize your goals.

Tax Planning 98

Tax Planning Retirement Taxes Planning 98

Wealth Management

JULY 17, 2025

Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B Related: Engaging the Rising Gen Many GRATs include a so-called “swap” power in which the grantor is permitted to substitute assets of equivalent value with the GRAT. Prior case law in the Southern District of New York ( Morales v. Quintiles Transnational Corp. ,

Taxes 147

Taxes Estate Planning Wealth Management Distribution 147

WiserAdvisor

JULY 1, 2025

Estate planning is not just for the wealthy; it is essential for anyone who wants to ensure their assets are managed and distributed according to their wishes. Whether you own an elaborate portfolio or a single family home, having a comprehensive plan in place can protect your legacy and provide peace of mind for your loved ones.

Estate Planning 59

Estate Planning Planning Distribution Taxes 59

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 111

Taxes Wealth Management Tax Planning Planning 111

Nerd's Eye View

OCTOBER 7, 2024

This month's edition kicks off with the news that digital estate planning platform Wealth.com has raised a whopping $30 million in Series A funding, following on the heels of Vanilla's follow-on $20M capital round just a few months ago – which on the one hand reflects the anticipated enthusiasm for solutions that can help advisors efficiently (..)

Clients 246

Clients B2B Estate Planning Planning 246

Abnormal Returns

SEPTEMBER 26, 2022

Podcasts Christine Benz and Jeff Ptak talk with Tim Steffen, director of tax planning for Baird. linkedin.com) Fintech Most people don't need asset management, they need paycheck management. morningstar.com) Michael Kitces and Carl Richards talk about repurposing lessons from clients for content. Budge looks to solve this.

Tax Planning 130

Tax Planning Startup Compliance Financial Planning 130

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.

Tax Planning 52

Tax Planning Startup Taxes Planning 52

Harness Wealth

FEBRUARY 27, 2023

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.

Tax Planning 52

Tax Planning Startup Taxes Planning 52

Harness Wealth

SEPTEMBER 18, 2024

These numbers show an opportunity for tax practices to build deeper, meaningful relationships with their clients, helping them to navigate some of life’s most challenging financial decisions. And you’ll see in our Q&A below, that tax advisors can bring estate planning into the conversation early on in a client relationship.

Taxes 52

Taxes Clients Planning Estate Planning 52

AdvicePay

JUNE 13, 2024

With the fee-for-service model, you can customize service offerings for clients seeking advice who don’t (yet) have traditional portfolio assets to transfer to your firm’s custodian for full-time management. This approach allows you to engage these clients by charging a fee that’s covered through their monthly cash flow.

Insurance Coverage 88

Insurance Coverage Financial Planning Estate Planning Tax Planning 88

Yardley Wealth Management

MARCH 1, 2022

Part 3: Tax-Wise Financial Planning In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. But tax planning isn’t just for your investments. But we can weave each event into the tax-planning fabric of your financial life.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Yardley Wealth Management

MARCH 1, 2022

In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. . But tax planning isn’t just for your investments. But we can weave each event into the tax-planning fabric of your financial life. . Life happens.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

WiserAdvisor

AUGUST 31, 2023

They can help you diversify your money across various asset classes and reduce your portfolio’s risk while aiming for consistent returns. 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.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

Darrow Wealth Management

SEPTEMBER 7, 2023

When a pre-IPO exercise is off the table At Darrow Wealth Management, we specialize in planning for a sudden liquidity event , typically from stock options following an IPO or acquisition. This is a way for the shares to fund the exercise without dipping into your diversified assets/cash reserves.

Wealth Management 85

Wealth Management Taxes Tax Planning Valuation 85