Harness Wealth

NOVEMBER 27, 2023

Within the accounting profession, Client Accounting Services (CAS) has emerged as a pivotal offering for entrepreneurial CPAs wishing to help their clients with more than just annual tax filings. Table of Contents What are Client Accounting Services (CAS)? What are Client Accounting Services (CAS)?

Accounting 59

Accounting Clients Compliance Taxes 59

Harness Wealth

MARCH 29, 2023

CBM has worked with many clients throughout this turbulent time to identify tax saving opportunities. The post Tax Planning During Stock Market Volatility appeared first on Harness Wealth - Advice for Equity Owners. Stay safe and be sure to take advantage of all opportunities available to you.

Tax Planning 52

Tax Planning Taxes Planning Marketing 52

Harness Wealth

FEBRUARY 27, 2023

Traditional IPO: Valuation, Lockup Period, and Employee Equity Founders have more options for reducing the tax consequences of an acquisition Founders are generally in the best position to engage in tax planning and limit the taxable consequences associated with an acquisition.

Tax Planning 52

Tax Planning Startup Taxes Planning 52

Nerd's Eye View

OCTOBER 27, 2023

Also in industry news this week: A survey indicates that while financial advisors remain the most trusted source of financial advice, they might increasingly encounter client questions and ideas that originated from social media Following the transition of advisors and clients from TD Ameritrade and amid competition from competing RIA custodians, Charles (..)

Financial Planner 203

Financial Planner Financial Advice Financial Advisor Tax Planning 203

Nerd's Eye View

DECEMBER 22, 2023

Also in industry news this week: The SEC has been sending letters to advisory firms requesting details on their use of AI technology, raising questions about whether they may be considering revising their proposed AI rule that received significant pushback earlier this year for the wide breadth of the types of technology it covers DPL Financial has (..)

Financial Planner 218

Financial Planner Fee Only Tax Planning Retirement 218

Ballast Advisors

NOVEMBER 21, 2022

What are appropriate checklists for year-end tax planning? Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Certain tax benefits may be available if you can claim an individual as a dependent. Family tax planning. Employee matters.

Tax Planning 52

Tax Planning Taxes Planning Retirement Planning 52

Nerd's Eye View

JULY 7, 2023

Which suggests that advisor wellbeing could potentially be improved not only by automating or outsourcing administrative tasks, but also by adjusting their client rosters to better match their ideal client type.

Financial Planner 232

Financial Planner Tax Planning Clients Valuation 232

MainStreet Financial Planning

MAY 31, 2022

How : Zoom Meeting, Free to ongoing clients; $10 for guests. Tax Planning: Things to work on before year-end. Though it may seem that we’ve just put last tax season to rest, now is the time to work on adjustments to optimize your 2022 taxes! Tax smart charitable contributions. ? 30-45 minutes.

Tax Planning 40

Tax Planning Taxes Planning Financial Planner 40

Abnormal Returns

APRIL 10, 2023

(blog.xyplanningnetwork.com) Technology Highlights from the 2023 T3 Advisor Conference including the growing importance of tax planning software. kitces.com) Advisers Why selecting the right employees and clients is critical to success. thereformedbroker.com) How you handle fees for acquired clients is tricky.

Tax Planning 205

Tax Planning Clients Taxes Planning 205

Abnormal Returns

NOVEMBER 6, 2023

Podcasts Brendan Frazier on how your clients change will inevitably over time. papers.ssrn.com) Taxes A 2023 year-end tax planning guide. kitces.com) Advisers How the profession of financial planning has changed over time. investmentnews.com) M&A The RIA model continues to take share.

Wealth Management 237

Wealth Management Retirement Planning Tax Planning Financial Advisor 237

Nerd's Eye View

SEPTEMBER 6, 2022

Andy is the owner of Tenon Financial, a virtual independent RIA that oversees $70 million in assets under management for 43 retired client households.

Tax Planning 246

Tax Planning Financial Advisor Financial Planner Retirement 246

MainStreet Financial Planning

JUNE 27, 2022

How : Zoom Meeting, Free to ongoing clients; $10 for guests. Acts, what that means to you and your Tax Planning in Retirement. Lastly, Larry will take your questions on Tax Planning in Retirement so you can avoid unintended tax consequences in retirement. . ~30-45 minutes. Guest commentator: Larry Pon.

Tax Planning 52

Tax Planning Certified Financial Planner Retirement Taxes 52

Nerd's Eye View

NOVEMBER 1, 2023

There are many tax planning strategies that allow financial advisors to demonstrate the ongoing value they provide to clients in exchange for the fees they charge. The backdoor Roth strategy can be valuable for clients whose high income levels preclude them from making regular contributions to a Roth IRA. Read More.

Taxes 235

Taxes Accounting Clients Retirement Planning 235

Nerd's Eye View

FEBRUARY 24, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the SEC’s proposed “Safeguarding Rule” would significantly increase the number of investment advisers deemed to have custody of client assets and increase paperwork requirements for advisers (..)

Financial Planner 218

Financial Planner Tax Planning Taxes Clients 218

SEI

JANUARY 25, 2024

Advisors must connect with clients today to prepare for tomorrow.

Tax Planning 52

Tax Planning Financial Advisor Taxes Planning 52

Nerd's Eye View

MAY 12, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a recent study found that clients of advisors providing comprehensive planning services are significantly more satisfied than those receiving a lower tier of service.

Financial Planner 204

Financial Planner Tax Planning Clients Taxes 204

Nerd's Eye View

DECEMBER 25, 2023

We start with several articles on retirement planning: Data showing where American retirees currently stand, from their average net worth to how they spend each hour of the day How, according to a recent study, delaying Social Security benefits typically leads to greater lifetime wealth than claiming benefits early in order to reduce portfolio withdrawals (..)

Financial Advisor 204

Financial Advisor Financial Planner Insurance Clients 204

Advisor Perspectives

DECEMBER 26, 2023

Advisors are being asked to provide their clients with a full suite of solutions, ranging from estate and tax planning to portfolio management, and everything in between. Clients are increasingly eager to gain access to fully customizable solutions that meet their individual needs.

Asset Allocation 105

Asset Allocation Portfolio Management Tax Planning Financial Planning 105

Nerd's Eye View

MAY 8, 2023

Traditionally, financial advice and tax preparation have existed as 2 related, but separate, services. CPA, EA, or JD) to prepare tax returns and represent clients before the IRS, there has also been the impression that there is simply not enough time for one person to do both. Read More.

Taxes 227

Taxes Financial Planning Financial Advisor Clients 227

Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

Tax Planning 40

Tax Planning Taxes Planning Healthcare 40

Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade. Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

Tax Planning 40

Tax Planning Taxes Planning Healthcare 40

Nerd's Eye View

AUGUST 21, 2023

Many financial advisors start their own firm because of an entrepreneurial itch, a desire to work with a specific type of client, or perhaps because they want to have more control over their work life. Nonetheless, one group of advisors reported more marketing success than others: those serving client niches.

Marketing 209

Marketing Marketing Financial Planner Clients 209

Abnormal Returns

DECEMBER 12, 2022

standarddeviationspod.com) Brendan Frazier talks with Jeremy Keil, advisor at Keil Financial Partners, about guiding client conversations. investmentnews.com) Tax planning Why financial advisers need to be careful when offering tax advice. kitces.com) Tax planning is an ongoing process.

Tax Planning 130

Tax Planning Financial Advising Advertising Startup 130

Nerd's Eye View

SEPTEMBER 29, 2022

Many states either have income-based limitations on the tax benefits that higher-income retirees can realize, while others cap the total amount of retirement tax benefits that an individual can use (for example, by setting a maximum amount of combined Social Security and/or pension income that can be deducted from a taxpayer’s income).

Taxes 246

Taxes Retirement Retirement Planning Clients 246

Covisum

MAY 19, 2022

However, taxes are rarely straightforward, especially taxes on retirement income. Registered investment advisors can deliver significant value through different tax strategies. Help your clients keep more of their hard-earned retirement dollars by identifying tax traps and opportunities. That's where you come in.

Tax Planning 52

Tax Planning Taxes Retirement Planning 52

Nerd's Eye View

OCTOBER 2, 2023

Read the analysis about these announcements in this month's column, and a discussion of more trends in advisor technology, including: Brand design consultancy firm Intention.ly

Communication 221

Communication Portfolio Management Clients Tax Planning 221

Financial Symmetry

APRIL 8, 2024

After working with hundreds of our clients to prepare their tax returns, we’ve discovered some new tax surprises that if preparing beforehand, could be helpful when completing your tax return this year.

Taxes 64

Taxes Tax Planning Clients Planning 64

Nerd's Eye View

OCTOBER 14, 2022

While this will help seniors keep pace with rising prices, it also creates tax planning opportunities for advisors and raises the possibility that the Social Security Trust Fund could be depleted sooner than expected. How advisors can use the principles of ‘self-centered’ shopping to build a loyal client base.

Financial Planner 202

Financial Planner Tax Planning Clients Accounting 202

Covisum

MAY 17, 2022

Financial advisors want to make the right suggestions surrounding taxable Social Security benefits for their retired clients. In many cases, properly planning retirement account withdrawals alongside Social Security benefits can lower the total tax burden. Let’s look at how to help clients with taxable Social Security.

Retirement 52

Retirement Clients Tax Planning Distribution 52

Nerd's Eye View

APRIL 5, 2023

In recent years, the Internal Revenue Code (IRC) has endured some drastic changes resulting from legislative action that have altered the strategies estate planning professionals have recommended to clients. For instance, prior to the 2017 Tax Cuts and Jobs Act (TCJA), "A/B trusts" had become ubiquitous for spousal estate tax planning.

Estate Planning 219

Estate Planning Planning Taxes Clients 219

Nerd's Eye View

JANUARY 31, 2024

This shift has led financial advisors to explore new strategies for mitigating the resulting tax-planning challenges. Under the new law, non-spouse beneficiaries (with few exceptions) must now withdraw the entirety of an inherited IRA within 10 years of the account owner's passing rather than over their own lifetimes.

Financial Advisor 215

Financial Advisor Estate Planning Nonprofit Financial Planner 215

Nerd's Eye View

JULY 12, 2022

Kamila is the CEO and Founder of Collective Wealth Partners, an independent RIA based in Atlanta, Georgia, that oversees nearly $25 million in assets under management for almost 175 client households.

Financial Advisor 246

Financial Advisor CFP Clients Financial Planning 246

The Richer Geek

FEBRUARY 1, 2023

A few years ago I started investing in crypto and quickly realized that nobody understands how the taxes work. Since then I’ve spent the majority of my time helping clients navigate the Wild West of crypto taxes. My firm deals with businesses of all kinds, but we especially focus on online and other highly scalable businesses.

Tax Planning 52

Tax Planning Taxes Planning Clients 52

Nerd's Eye View

NOVEMBER 18, 2022

A potential compromise during the lame-duck Congressional session could see a boost to the child tax credit and extended tax breaks for businesses. From there, we have several articles on tax planning: How advisors can add value for their clients by managing their exposure to mutual fund capital gains distributions.

Financial Planner 183

Financial Planner Tax Planning CFP Taxes 183

Covisum

JUNE 3, 2022

There may be a significant tax opportunity for your clients who have company stock in their 401(k) plans that have highly appreciated over time. Net Unrealized Appreciation (NUA) allows clients to roll dollars in company stock into a brokerage account.

Taxes 52

Taxes Tax Planning Planning Retirement 52

Harness Wealth

JANUARY 24, 2023

Who knows, you might even find a more tax-friendly destination along the way. Content in this blog regarding financial planning, investment, tax, or legal topics should not be relied upon, standing alone or without the guidance of a capable professional, to support personalized decision-making by or affecting individual clients.

Startup 52

Startup Tax Planning Taxes Planning 52

Abnormal Returns

SEPTEMBER 26, 2022

Podcasts Christine Benz and Jeff Ptak talk with Tim Steffen, director of tax planning for Baird. morningstar.com) Michael Kitces and Carl Richards talk about repurposing lessons from clients for content. thinkadvisor.com) Morgan Stanley ($MS) sold computers with unencrypted client data on them.

Compliance 130

Compliance Tax Planning Startup Financial Planning 130