The Big Picture

JANUARY 24, 2024

At the Money: How to Pay Less Capital Gains Taxes (January 24, 2024) We’re coming up on tax season, after a banner year for stocks. Successful investors could be looking at a big tax bill from the US government. On this episode of At the Money, we look at direct indexing as a way to manage capital gains taxes.

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Taxes Portfolio Wealth Management Management 239

Abnormal Returns

FEBRUARY 13, 2023

(kitces.com) Matt Reiner talks client expectations with Daniel Crosby who is the Chief Behavioral Officer at Orion Advisor Solutions. citywire.com) Taxes Five tax mistakes to avoid when it comes to stock options, RSUs, etc. etf.com) Things to keep in mind when direct indexing a client's portfolio.

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Clients Retirement Financial Services Taxes 206

Nerd's Eye View

NOVEMBER 15, 2023

One of these was the Employee Retention Credit (ERC), a tax credit that eligible small businesses could take against their employment taxes. To stave off a wave of business closures and a subsequent surge in unemployment, the U.S.

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Clients Taxes Government Startup 226

Nerd's Eye View

AUGUST 2, 2023

Which means that financial advisors can play an important role in adoption planning – helping clients strategically plan for the costs involved in the process, including accessing tax credits that can significantly defray these expenses. At the same time, adoption can be expensive, with costs that can add up to $70,000 or more.

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Taxes Planning Financial Advisor Strategic Planning 212

Nerd's Eye View

MAY 17, 2023

that incentivizes saving for these goals for American citizens – namely with tax-advantaged accounts such as 401(k) plans, IRAs, 529 college savings plans, and Health Savings Accounts (HSAs) – can impose hurdles on foreign nationals who rely on them for their own savings needs. However, the system in the U.S. Read More.

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Taxes Investing Investments Accounting 229

Nerd's Eye View

MAY 31, 2023

The 2017 Tax Cuts & Jobs Act introduced a $10,000 limit on the State And Local Tax (SALT) deduction that was previously available for taxpayers who itemized their deductions. Another set of considerations involves owners of businesses that operate in multiple states, which can compound the complexity of electing a PTET.

Taxes 214

Taxes Planning Tax Planning Numbers 214

Nerd's Eye View

FEBRUARY 15, 2023

Health Savings Accounts (HSAs) feature useful tax advantages that make them a popular savings vehicle. One possible outcome of ‘superfunding’ an HSA, however, is that the account owner may not actually use up all of their HSA funds over their lifetime, which can have significant tax consequences. Read More.

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Distribution Taxes Medical Accounting 218

Advisor Perspectives

APRIL 30, 2024

Tax-management strategies are crucial for clients, and they need today’s most sophisticated tools to relieve the tax burden for their clients. We’ll also discuss why it’s important to deliver tax-loss harvesting with a purpose as well as some other hot topics affecting the advisory profession.

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Taxes Clients Management Investing 52

Nerd's Eye View

OCTOBER 5, 2023

For many financial advisors, financial planning advice traditionally focuses on optimization: tax-efficient, continually rebalanced portfolios are often designed to maximize a client's wealth throughout retirement. taking a sabbatical, using a reverse mortgage to fund a dream goal, transitioning their work/life balance).

Clients 211

Clients Financial Planning Financial Advisor Communication 211

Nerd's Eye View

NOVEMBER 9, 2022

Health Savings Accounts (HSAs) are one of the most popular savings vehicles because of their triple-tax advantage: account owners can take an above-the-line tax deduction for eligible contributions, growth in the account is tax-deferred, and withdrawals are tax-free if they are used for qualified healthcare expenses.

Accounting 233

Accounting Taxes Healthcare Medical 233

Nerd's Eye View

JULY 13, 2022

During market downturns, tax-loss harvesting is often considered a ‘silver lining’ to an otherwise undesirable situation. If the investor is taxed on future gains at a lower rate than losses harvested today, the resulting ‘tax bracket arbitrage’ can create a net tax benefit.

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Taxes Marketing Marketing Clients 179

Wealth Management

MARCH 29, 2023

For clients earning substantial incomes, saving and investing may not be enough. Income-tax diversification should play an important role in their retirement accumulation and income strategy planning.

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Taxes Clients Retirement Planning 83

Nationwide Financial

APRIL 20, 2023

Tax season is here! For many of us, that means a tax refund. Some general, popular advice you may have heard before, is that if you receive a tax refund, a bonus, or an unexpected financial windfall, you should invest or save it for the long-term, rather than spending it now. Immediate gratification can be hard to resist.

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Taxes Clients Investing Investments 59

Advisor Perspectives

MAY 19, 2023

Advisors are looking ahead to the policy and tax changes impacting their high-net-worth clients. Those include changes stemming from the passage of Secure 2.0

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Taxes Clients 72

Advisor Perspectives

MARCH 3, 2024

Some are taxed at a higher rate than others. The Form 1099-DIV can help you analyze the Investment Tax Health of your clients. By looking at how much the investor received in different investment returns, you can calculate how much federal tax they will need to pay. Not all investment returns are the same.

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Taxes Clients Portfolio Investing 52

Harness Wealth

AUGUST 17, 2023

Whether you’re a senior manager, partner, or at an earlier stage in your accounting career, understanding the intricacies of transitioning existing clients, as well as recruiting and retaining new clients, is paramount to your long-term success. Can You Take Clients With You When Leaving a Tax Firm?

Taxes 52

Taxes Clients Ethics Accounting 52

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

Carson Wealth

MARCH 19, 2024

I’m talking about taxes. For many folks planning for taxes is a lot like asking for their first date. Most people look at me a little funny when I say that I try to run tax projections for their plan. I’ve said before, that I want clients to have a diversified tax strategy.

Tax Planning 52

Tax Planning Taxes Planning Wealth Advisor 52

Nerd's Eye View

SEPTEMBER 6, 2023

Financial advisory clients are routinely concerned about lurking threats to their hard-earned wealth in the form of a large unforeseen judgment on a liability claim. While asset protection is a popular planning topic for High-Net-Worth (HNW) and ultra-high-net-worth clients, those who are not HNW are susceptible to the same threats to wealth.

Education 229

Education Assets Clients Estate Planning 229

MainStreet Financial Planning

OCTOBER 3, 2023

“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 10-17-23 at 7:30pm Eastern; 4:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting Free for current clients, $10 for guests Register Here! It seems like everyone is getting into real estate investing these days!

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Taxes Investing Investments CFP 98

Million Dollar Round Table (MDRT)

MAY 16, 2023

Kifer, CFP, LUTCF It’s often challenging for prospects and clients to understand the value we as financial advisors can offer them. Clients get overwhelmed and confused by charts, numbers and myriad financial choices. This is one of my favorite ideas for simply explaining to clients how I can help them.

Clients 88

Clients CFP Taxes Financial Advisor 88

Harness Wealth

MARCH 5, 2024

Tax advisors, and other tax professionals , offer services from preparing and filing annual tax returns to comprehensive tax strategies that help minimize taxes and preserve wealth over time. In this guide, we’ll explore the average fees of tax advisors in the US for 2024.

Taxes 52

Taxes Tax Planning Ethics Education 52

Wealthfront

MARCH 6, 2023

However, if you were a Wealthfront client in 2022, all of that volatility had a significant silver lining in the form of Tax-Loss Harvesting. Billion in Losses To Lower Clients’ Taxes In 2022 appeared first on Wealthfront Blog. Last year […] The post Wealthfront Harvested $1.5

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Taxes Clients Accounting Financial Market 64

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.

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Taxes Accounting Clients Retirement Planning 234

Tobias Financial

MARCH 14, 2024

At Tobias Financial Advisors, we understand the importance of staying up to date with tax regulations and deadlines. That is why we strive to keep our clients informed and prepared when it comes to their tax obligations. Lonnie and Maria are always here to guide you through the complexities of the tax world.

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Taxes Financial Advisor Clients Tax Planning 52

Tobias Financial

MARCH 14, 2024

At Tobias Financial Advisors, we understand the importance of staying up to date with tax regulations and deadlines. That is why we strive to keep our clients informed and prepared when it comes to their tax obligations. Lonnie and Maria are always here to guide you through the complexities of the tax world.

Taxes 52

Taxes Financial Advisor Clients Tax Planning 52

Covisum

FEBRUARY 21, 2023

As a financial advisor, you know that taxes in retirement are one of your clients’ top stressors.

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Taxes Retirement Financial Advisor Clients 97

Nationwide Financial

JUNE 9, 2023

Key Takeaways: The last two years have been marked by the highest inflation rates in decades; your clients saving for retirement can use this to their advantage through short-term investments, tax deferral, and insurance products offering better benefits. Your clients can mitigate interest rate risk simply by holding them to maturity.

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Retirement Clients Certification Taxes 98

eMoney Advisor

APRIL 11, 2023

Financial planning and tax planning go hand in hand. Including tax planning as part of your service provides clients a comprehensive view of their finances and helps them achieve their financial goals. Start with Document Sharing The first step is to ask your clients to share their tax documents with you.

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Tax Planning Financial Advisor Taxes Planning 77

Harness Wealth

FEBRUARY 20, 2024

In this guide, we explore the four main types of tax professionals and the benefits of working with a tax advisor to help navigate challenging tax scenarios. We’ll dive into what a tax advisor does, and help you make an informed decision about which type of tax professional is right for you.

Taxes 52

Taxes License Education Tax Planning 52

FMG

FEBRUARY 20, 2024

They want clients and prospects to see their posts and interact with them, whether it’s through comments, reactions, or sharing. For advisors, there’s one season out of the year that creates a buzz and is the perfect time to boost engagement: tax season. 5 Tips to Engage Prospects During Tax Season 1.

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Taxes Media Clients Engineering 52

Wealth Management

FEBRUARY 22, 2024

Clients and advisors alike can benefit from a focus on mitigating taxes.

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Taxes Management Clients 100

Nerd's Eye View

JANUARY 12, 2023

As comprehensive financial planning has become more widely adopted, many financial advisors have felt pressure to find new ways to differentiate themselves by demonstrating their unique value to clients. Others use frequent emails to stay in regular contact, sending reminders or helpful information relevant to their clients.

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Clients Communication Financial Advisor Fee Only 172

NAIFA Advisor Today

AUGUST 16, 2023

Brought to you exclusively by NAIFA and the Society of FSP, this essential webinar delves deep into the time-sensitive implications of provisions in the Tax Cuts and Jobs Act (TCJA) of 2017 that are scheduled to sunset by 2025.

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Taxes Estate Planning Clients Planning 52

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)?

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Accounting Clients Compliance Taxes 59

Covisum

DECEMBER 7, 2022

Your job is to provide financial advice to clients. Your work is important and helpful but showing clients the value of your advice is a critical differentiator between you and the rest of the financial service providers. Using Tax Clarity ® and Income InSight ® in your annual client meetings can give you the edge you need.

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Taxes Clients Financial Advice Financial Services 52

Million Dollar Round Table (MDRT)

JUNE 27, 2023

We want our clients, our prospects and those who refer us to understand what we’re great at and that we’re specialists in that field, much like cardiologists are specialists in their field. Our clients have specific problems and fit a specific profile. Of course, it boosts the amount of money clients are saving for retirement.

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Clients Retirement Planning Taxes Retirement 77