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Adviser links: true wisdom

Abnormal Returns

standarddeviationspod.com) Frazer Rice talks with David Barnard, CEO and Founder of Luminary, about technology and estate planning. fa-mag.com) The latest in financial advisortech including the launch of compliance archiving startup Archive Intel. kitces.com) What compensation levers do RIAs have to pull?

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The Latest In Financial #AdvisorTech (August 2023)

Nerd's Eye View

This month's edition kicks off with the news that estate planning platform Wealth.com has launched Ester, an AI-driven 'legal assistant' that uses machine learning to help advisors quickly review and extract the key information from clients' estate planning documents, as it joins FP Alpha in the competition to become 'Holistiplan for estate planning (..)

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10 High-Income Tax Planning Strategies to Complete Before 2025: A Year-end Checklist

Harness Wealth

Frontloading 529 Contributions Contributions to 529 plans can also be frontloaded or “superfunded”, allowing you to make up to five years’ worth of contributions in a single year without incurring gift taxes. Review Your Estate Planning The end of the year can also be a practical time to take stock of your long-term estate planning.

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Tax Advisor Q&A: How to Build Better Tax Client Relationships Through Life Event Planning

Harness Wealth

Only 26% of Americans have an estate plan. If you’re thinking, “But my clients are high-net-worth…many more have an estate plan.” And you’ll see in our Q&A below, that tax advisors can bring estate planning into the conversation early on in a client relationship. What do these numbers tell us?

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All the Tax Benefits You Need for Your Small Business

Harness Wealth

Understanding these limitations and planning accordingly can help maximize QBI benefits while maintaining compliance with IRS regulations. Whether you’re a high earner, a startup employee, or a private investor, simplify your taxes today. Unlock your financial potential with our ultimate tax solution.

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Satisfying an Advisor’s Quest for Independence as an Employee

Diamond Consultants

They want to have a sense of ownership over how they run their practice—including the ability to hire and fire team members, distinguish themselves from their colleagues by marketing their business creatively, and be allowed to run their practice without as much interference from compliance. To him, all employee firms were the same.

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A Guide to the 4 Types of Tax Preparers

Harness Wealth

Tax preparation and filing: Advisors prepare and file taxes on behalf of taxpayers, helping clients avoid penalties, remain in compliance, and optimize tax deductions and credits. Business taxes: Some tax advisors may specialize in areas of business tax such as corporate restructuring, small business, or startups.

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