Nerd's Eye View

OCTOBER 2, 2023

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Holistiplan, after achieving success with its tax planning and analysis software, has announced an investment from Lead Edge Capital, signaling that it may be ready to expand into other financial planning areas beyond tax – (..)

Communication 242

Communication Portfolio Management Clients Tax Planning 242

MazumaBusinessAccounting

JULY 15, 2021

Plan for Current Business Needs. First, let’s talk about the importance of a business plan. How does an idea develop into a fully functioning business? It takes vision, work, and a good plan. For entrepreneurs, we call this map a business plan. Tax Planning.

Business Planning 105

Business Planning Taxes Planning Retirement 105

Nerd's Eye View

FEBRUARY 5, 2024

This month's edition kicks off with the news that financial planning software platform RightCapital has launched a workflow management tool called RightFlows to help advisors manage and assign steps in the financial planning process to team members and clients – which on the one hand capitalizes on advisor demand for workflow solutions tailored (..)

Estate Planning 233

Estate Planning Financial Planning Planning Wealth Management 233

Nerd's Eye View

JULY 31, 2023

Adding this number to the cost of compensating the new employee (including salary plus payroll tax and benefits), plus the firm's other overhead expenses, gives the firm's profitability wall and an estimate of the point in the firm's growth where it can make an initial hire.

Clients 241

Clients Planning Numbers Financial Advisor 241

MazumaBusinessAccounting

JUNE 18, 2021

” then you’re probably reaching a point where you’ve been claiming too many losses on your taxes. The Internal Revenue Service (IRS) only allows your business to be in the negative for a certain number of years before it declassifies it as a business. How many years can I take a loss on my business?

Taxes 105

Taxes Accounting Business Planning Planning 105

Nerd's Eye View

JULY 25, 2022

Yet despite this – and perhaps even because of it – advisory firms are putting an ever-greater focus on financial planning in 2022, as a way to both show value to clients in the midst of difficult market returns, and, more broadly, to help clients navigate the current environment. A gap our Kitces Courses aim to fill!

Education 208

Education Financial Planning Estate Planning CFP 208

Nerd's Eye View

DECEMBER 23, 2022

A review of financial planning actions, from tax-loss harvesting to charitable giving, that have a December 31 deadline.

Financial Planner 232

Financial Planner Retirement Planning Financial Planning Budgeting 232

Nerd's Eye View

AUGUST 21, 2023

For instance, niche firms have greater satisfaction with the number of leads received, the ‘fit’ of the prospects with the firm, and the effectiveness of their lead generation strategies when compared to non-niche firms. tax planning or working with blended families), as well as the type of clients they like working with the most.

Marketing 237

Marketing Marketing Financial Planner Clients 237

Abnormal Returns

MAY 27, 2023

theverge.com) Autos Why vehicles should be taxed by curb weight. wsj.com) Transport RIP, Virgin Orbit and its horrible business plan. vox.com) Sports Mount Everest is on track for a record number of fatalities. (axios.com) Autonomous vehicles Self-driving cars are being tested against the worst human behaviors.

Food 130

Food Financial Advising Transportation Medical 130

Nerd's Eye View

JULY 3, 2023

This month's edition kicks off with the news that Pershing X has announced the launch of its long-awaited (and newly renamed) “Wove” advisor technology platform – which despite purporting to be an open-architecture, multi-custodian solution allowing advisors to smoothly integrate all the technology they choose to bring onto it, in (..)

Estate Planning 243

Estate Planning Clients Media Wealth Management 243

Clever Girl Finance

AUGUST 2, 2023

Create a solid business plan for your side hustle If you’re in the process of starting a side hustle and do not have a business plan, you need to create one now. A business plan is essentially your roadmap for your side hustle to achieve your goals for a small business.

Business Planning 94

Business Planning Planning Food Budgeting 94

Clever Girl Finance

DECEMBER 11, 2022

Once you know when you’re going to plan, the next step is finding the right tools for your year planning. The number one tool in making a plan for the year is a calendar. Plan your taxes for the year. Most people hate dealing with and even thinking about taxes until the last possible minute.

Planning 59

Planning Taxes Business Planning Budgeting 59

Clever Girl Finance

MARCH 24, 2022

Plus, we have some fantastic side hustle business ideas for you too! Create a good business plan for your side hustle If you’re in the process of starting a side hustle and do not have a business plan, you need to create one now. You can’t achieve success without a plan! Where is your competition located?

Business Planning 52

Business Planning Planning Taxes Media 52

Carson Wealth

JUNE 16, 2023

How to Value Your Business There are many general ways to value your business, but to really get the most insight, you should work with someone who has established protocols. While these are all key factors, they can’t be the sole focus of the transfer, which is where a business planning advisor can come in.

Valuation 52

Valuation Business Planning Planning Consulting 52

Steve Sanduski

APRIL 8, 2023

What’s your retirement number? Back in 2008, ING ran a “Your Number” marketing campaign with print, web, and TV ads showing different people busy with their daily routines carrying a large orange six- or seven-figure number in dollars. Imagine that you arrived at your number. Pick a number in your head.

Retirement Planning 52

Retirement Planning Retirement Planning Certified Financial Planner 52

Nerd's Eye View

DECEMBER 28, 2022

includes a significant number of Roth-related changes (both involving Roth IRAs as well as Roth accounts in employer retirement plans), though notably, the legislation does not include any provisions that restrict or eliminate existing Roth strategies (e.g., In addition, SECURE 2.0 backdoor Roth conversions).

Tax Planning 246

Tax Planning Taxes Planning Retirement Planning 246

Nerd's Eye View

DECEMBER 28, 2022

includes a significant number of Roth-related changes (both involving Roth IRAs as well as Roth accounts in employer retirement plans), though notably, the legislation does not include any provisions that restrict or eliminate existing Roth strategies (e.g., In addition, SECURE 2.0 backdoor Roth conversions).

Tax Planning 246

Tax Planning Taxes Planning Retirement Planning 246

Steve Sanduski

JUNE 3, 2022

Either way, the 40% number works for both industries. You can apply the rule as a guide to making strategic decisions about structuring your business. Operating profit margin (total revenue minus all expenses including owner pay at “replacement cost” and excluding interest and taxes) averaged about 30% in 2020. annual growth).

Financial Advisor 52

Financial Advisor Numbers Sales Taxes 52

Brown Advisory

MARCH 1, 2019

Phase-gate planning. We craft a process that involves a finite number of concise meetings over the projected growth cycle of the founder’s business. We find increasingly that entrepreneurs should start planning for their exit even before they form the business entity. Build / Grow. Post-Liquidity.

Planning 52

Planning Estate Planning Startup Clients 52

Brown Advisory

MARCH 1, 2019

Phase-gate planning. We craft a process that involves a finite number of concise meetings over the projected growth cycle of the founder’s business. We find increasingly that entrepreneurs should start planning for their exit even before they form the business entity. Build / Grow. Post-Liquidity.

Planning 52

Planning Estate Planning Startup Clients 52

Clever Girl Finance

AUGUST 2, 2022

With Individual Retirement Arrangements (IRAs), you can invest your money in a tax-advantaged way. Using a traditional IRA to turn 10K into 100K means the money you deposit may be tax-deductible. If you use a Roth IRA, you pay taxes on contributions but not on qualified distributions when you retire. IRAs or Roth IRAs.

Education 59

Education Retirement Investing Investments 59

Clever Girl Finance

DECEMBER 5, 2022

I find 3 to be the magic number when offering package variations on your services. Remember to plan for taxes. Whatever you decide, you need to remember that you will need to deduct your own taxes from your income. Whatever you decide, you need to remember that you will need to deduct your own taxes from your income.

Media 83

Media Clients Management Taxes 83

The Big Picture

OCTOBER 19, 2022

RAMPULLA: I went to Drexel part time while I was at Vanguard, did that commute down to Philadelphia from the suburbs, you know, three times a week for a number of years. I was employee number one in London. And it was just really fun to build that business. They’ll do tax planning, right? RAMPULLA: Yeah.

Financial Advisor 274

Financial Advisor Clients Taxes Investing 274

Steve Feinberg

NOVEMBER 9, 2021

If you’ve been thinking about turning your hobby into a full-time job, or you have an idea for a product that people can’t live without, then New Hampshire is a business-friendly state in which to incorporate your new venture. Making a Business Plan. Start by conducting a brainstorming session about your overall business idea.

Taxes 52

Taxes Business Planning License Budgeting 52

Brown Advisory

FEBRUARY 13, 2017

Here, we offer a number of case studies and examples of situations where we worked with our family clients to enact a planning strategy that offered specific tangible benefits to both the parents and children. With a well-vetted business plan, she came to us for guidance on how to proceed.

Clients 52

Clients Portfolio Planning Education 52

Brown Advisory

FEBRUARY 13, 2017

Here, we offer a number of case studies and examples of situations where we worked with our family clients to enact a planning strategy that offered specific tangible benefits to both the parents and children. With a well-vetted business plan, she came to us for guidance on how to proceed.

Clients 52

Clients Portfolio Planning Education 52

Steve Feinberg

OCTOBER 31, 2022

This isn’t because these businesses don’t understand how important bookkeeping is, but proper record keeping for budgeting, job costing, and tax filing takes time that a busy owner simply might not have. Bookkeeping’s greatest attribute for running a landscaping business comes down to proper budgeting. Track everything.

Budgeting 52

Budgeting Accounting Taxes Business Planning 52

Nerd's Eye View

FEBRUARY 20, 2023

For instance, some firms spread these meetings out throughout the year while others bunch them into a limited number of months, or even weeks. tax letters in January and open enrollment period support in the Fall).

Clients 246

Clients Financial Planning Planning Financial Advisor 246

Clever Girl Finance

AUGUST 31, 2022

It’s a nice round number that puts a comfortable life within reach just about anywhere in the country (or world!). If you figure out how to make 10,000 a month, you’ll be pulling in over double that number! Most likely, it’s going to take years of planning and training before you get there. 10k a month pre-tax vs. post-tax.

Taxes 63

Taxes Medical Sales Planning 63

The Big Picture

JULY 18, 2023

When we go back and look at the team that we had assembled in the early 2000s in the Goldman Sachs distressed trading desk, an extraordinary number of those folks went on to become partners and founders of very successful multi-billion dollar asset management firms. WAGNER: You know there are a number of things that occurred.

Investing 130

Investing Investments Assets Insurance 130

Sara Grillo

MAY 23, 2022

What if financial planning wasn’t given away like a pawn just to “close the deal?” A growing number of financial planners are operating their practices from a position that, to a higher extent than ever before, puts the client at the center and not only pushes the products aside but eliminates them from the offering.

Financial Planner 52

Financial Planner CFP Financial Planning Education 52

Clever Girl Finance

JULY 13, 2022

It's a great business for women who are highly organized and can explain their organization processes easily to others. If you liked math in school and have a knack for numbers, you might make a great bookkeeper. Build a solid business plan and don't over-leverage yourself. Bookkeeping and accounting.

Food 119

Food Advertising Media Clients 119

Clever Girl Finance

JULY 6, 2023

But there are still plenty of great job ideas you can do even if you’re busy with your kids’ schedules and don’t have a lot of extra time. Bookkeeping and accounting If you liked math in school and have a knack for numbers, you might make a great bookkeeper. Most importantly, go into it with a strong mindset!

Clients 84

Clients Media License Advertising 84

The Big Picture

NOVEMBER 7, 2023

 The transcript from this week’s, MiB: Zeke Faux, Number Go Up , is below. Zeke Fox’s book number go up inside crypto’s Wild Rise and staggering. It is a deep dive, a no holds barred Look at crypto and the many, many scams that take take place across everything from NFTs to ICOs to hacks to to Bitcoin business models.

Numbers 152

Numbers Banking Accounting Taxes 152

Good Financial Cents

APRIL 19, 2023

You can earn passive income whether you’re an entrepreneur with a brilliant business plan, a talented artist, or just happen to have extra cash to invest. The term “turnkey” means the numbers have been crunched, the home may have been rehabbed, and may already include tenants! How can I make $1000 a month passively?

Accounting 105

Accounting Investing Investments Media 105

The Big Picture

MAY 16, 2023

And I’m like, dad, I found I need 25 grand to get going and my dad said send me a business plan. I went to business school RITHOLTZ: He just wanted you to go through the exercise. LINDZON: No, so obviously, I did the business plan, I’m kidding. Uh, Fred said to give me your number.”

Media 278

Media Investing Investments Valuation 278