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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. For example: How much do you need to budget for taxes? It’s imperative to plan for the tax implications so you can be prepared to pay what you owe the IRS. Particularly relevant in 2020.)

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How Much Does It Cost to Start an Accounting Firm in 2023?

Harness Wealth

Table of Contents Startup Costs Preparing for Growth Growing Your Accounting Firm with Harness Tax Startup Costs Having a sufficient financial runway is critically important when starting an accounting firm , and you should try to save between 3 and 6 months of living expenses before going off on your own.

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Sorted Weekly Tweets

Aleph

Jan 17, 2023 How Auto Lenders Can Help the Growing Ranks of Troubled Borrowers [link] The low end is experiencing greater credit stress Jan 17, 2023 Politics It’s Time to Put a Brake on the Debt-Ceiling Charade [link] Switzerland has an expenditure cap that requires balanced budgets over time. It would be a lot better than what we have now.

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Why Financial Literacy is Crucial for Business Owners

James Hendries

At the broadest level, financial literacy is understanding and implementing various financial skills, including budgeting, investing, and personal financial management. How Business Owners May Benefit from Financial Literacy You are operating blindly without financial literacy and a solid grasp of your business’s numbers.

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SECURE 2.0 Act Aims to Increase Retirement Savings for Americans

Carson Wealth

Act brings together multiple retirement planning bills that were proposed earlier in 2022 and combines them with the 2023 budget – bringing the total package to about $1.7 Previously, this credit was paid at 50% of startup costs. This number would drop even more by age 73 and even further by age 75.

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What is a Financial Plan, and How Do I Make One?

Harness Wealth

Without effective personal financial management, you risk losing money to poor budgeting, poor tax planning, or even just to inflation. If you have a positive number, you have positive cash flow. If you have a negative number, you have a good opportunity to learn and make improvements.

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Transcript: Joanne Bradford

The Big Picture

She has a number of investments as as really a entrepreneur and a venture investor. She’s also involved with wealth.com, and I could, I could give you a long list of all the things she’s, she’s done Kahoot, super telly, just all, all these really fascinating startups. And I went to a little startup that was a failure.

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