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How Long to Keep Important Financial Records

MazumaBusinessAccounting

Remember, the IRS recommends keeping tax-related documents for at least six years. Some documentation has no expiration date, such as birth certificates and social security cards. Keep vital personal documents, like birth certificates, passports, marriage certificates, etc., Why should you keep some items permanently?

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What is an 83(i) Election and How Do You You File One?

Harness Wealth

However, as appealing as these forms of compensation may be, they can result in sizable and unexpected tax bills. Along with the 83(b) election, there is a less well-known provisionthe 83(i) election that offers other tax advantages to certain types of employees. Table of Contents What is an 83(i) election?

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How Tax Practices Can Stand Out in the Harness Marketplace to Attract New Tax Clients

Harness Wealth

Key Takeaways: The Harness Marketplace allows your tax firm to be paired with high-value tax clients whose unique needs align with your expertise. The Harness Marketplace attracts employees, founders, and investors in tech, healthcare, management consulting, and other high-earning industries who need help managing complex tax needs.

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Tips to Build Wealth with Patience and Time

WiserAdvisor

Best 1,000-dollar investment instruments High-yield savings accounts or certificates of deposit (CDs) : High-yield savings accounts and CDs are excellent entry points for those who prioritize safety and stability. IRAs offer tax advantages and encourage consistent, long-term investing.

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Accelerate Your Career With the CFP® Fast Track Course

International College of Financial Planning

The CFP® Fast Track course offers a quick, efficient pathway to certification, allowing you to accelerate your career in the financial planning industry. Unlike the regular pathway that requires passing multiple exams over a year, the fast track allows eligible candidates to take just one exam and complete the certification in 3-4 months.

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18 Of The Best Online Part-Time Jobs From Home

Clever Girl Finance

Although you’d still crush it with certifications and experience on specific programs such as Microsoft or Oracle. Their duties also include managing payroll and working with an accountant or tax preparer to file the company’s tax return. Accountant Accountants balance a business’s books and file tax returns.

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How Financial Professionals can Help Clients Save for College: 529 Plans

Nationwide Financial

It’s important to remind your clients that beyond just paying for education, there are significant tax benefits to using 529 plans. These savings plans grow tax-deferred, and withdrawals are tax free when used for qualified educational expenses. How are Withdrawals from 529 Plans taxed? Tax Benefits of 529s.

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