This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As a result, financial advisors should start honing the services Gen X members will likely benefit from the most, including retirement planning, estate and taxplanning and mortgage refinancing. I heard anecdotally from a lot of the firms that the focus on millennials is kind of more of a marketing idea than an execution idea.
RIA Edge Podcast: Schwab’s Jalina Kerr on How Resilient RIAs Can Turn Market Volatility Into Growth RIA Edge Podcast: Schwab’s Jalina Kerr on How Resilient RIAs Can Turn Market Volatility Into Growth Jalina Kerr of Charles Schwab shares how the most adaptive firms are expanding beyond portfolio management, into areas like estate and taxplanning.
As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end taxplanning can lead to significant savings and set you up for financial success in the new year. What is the Lifetime Gift Tax Exemption? million ($27.22
Key Highlights Learn why having a clear marketing strategy is important for RIAs, especially in hard markets. Understand the key rules and best practices to keep your marketing activities aligned with industry standards. Find answers to common questions about RIA marketing to help you succeed.
Innovative CPA Group, which has been doing accounting and tax work since 2017, this month launched Innovative Asset Advisors Group, an RIA focused on investment management, financial administration, taxplanning and preparation, and estate and trust strategies. Number 8860726.
Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all Resonant Capital Advisors CEO and President Benjamin Dickey RIA $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B
In an effort to help employees manage their tax liabilities more effectively, the Internal Revenue Code offers provisions like the 83(b) election , which allows employees to pay tax on the fair market value of restricted stock at the time of its granting as opposed to vesting. Broad-based equity plan: At least 80% of U.S.-based
This article will explore how to navigate complex tax situations arising from multiple income sources, examining various income types, reporting requirements, self-employment obligations, and strategic approaches to record-keeping and taxplanning that can help protect your financial interests.
With proper planning, certain tax obligations can be legally deferred, reduced, or in some cases eliminated entirely. To maximize the value you ultimately receive from your exit, incorporating comprehensive taxplanning into your strategy is highly advantageous.
The strike price is typically set at fair market value on the grant date, with options contracts specifying key terms like share quantity and expiration. For taxpayers facing complex situations with multiple potential deductions and credits, professional tax guidance can prove invaluable.
Key Highlights Content marketing helps financial advisors stand out and earn trust from potential clients. A strong content marketing strategy involves setting clear goals, knowing your target audience, creating various types of content, and using social media and SEO effectively. This group will appreciate your knowledge and skills.
This (they believe) is increasingly dysfunctional today, as powerful new tech capabilities (some of them made possible by AI) are coming to market faster than ever before. They have told me that one of the major dysfunctions in the advisor community is that tech adoption tends to be slow and cautious.
Secondaries are typically traded before the fund or business is sold in a traditional wayessentially, being the resale market for private investments. As dynamic as the secondary market may be, secondaries come with complex tax implications that can significantly impact returns if not properly managed.
Taxplanning serves as the cornerstone of the entire acquisition deal, extending far beyond a simple checkbox. Every element, from structure to price negotiations, hinges on understanding tax implications for all parties involved. Get it right, and you will have set yourself up for a smooth transition and maximized returns.
The inherent volatility of the crypto market can lead to frequent trading, potentially generating numerous taxable events throughout the year. What’s more, individual miners may also be subject to self-employment taxes on this income, adding to their overall tax burden.
Whether clients support the policies with cash gifts or split-dollar, the discussion of options will necessarily involve a combination of insurance planning, taxplanning, income and gift tax-oriented wealth transfer planning and investment planning. Number 8860726.
Children under 18 can typically be paid without payroll tax implications, while older children may be classified as W-2 employees or 1099 contractors, each with distinct tax obligations. In all cases, businesses must comply with federal and state labor laws regarding young workers, pay fair market wages, and maintain accurate records.
Let us face ittech startups encounter a unique set of tax challenges that can make or break their financial future. The complex interplay between traditional tax regulations and the innovative nature of tech businesses demands smart planning from day one.
Unused losses can also be carried forward to offset gains in future years, allowing for long-term tax optimization. Tax-loss harvesting is especially useful during volatile market conditions, as price fluctuations can create opportunities to realize losses without significantly disrupting an investor’s overall portfolio strategy.
Lothes focuses on estate planning for high net worth individuals including estate, gift and generation-skipping transfer taxplanning, will and trust preparation, estate and trust administration, and charitable giving. Number 8860726. Lothes is a partner at Gilmore, Rees & Carlson, P.C., located in Wellesley, Massachusetts.
Instead of billing for time spent, fees are aligned with the tangible benefits clients receive—whether it’s strategic taxplanning that reduces their liabilities, expert consulting that guides key decisions, or proactive advice that helps clients deal with complex financial landscapes.
The strike price is typically set at fair market value on grant date, with options contracts specifying key terms like share quantity, and expiration. These instruments must be granted at fair market value and carry specific timing requirements, including a 10-year maximum exercise window.
This flexibility provided valuable protection against unexpected market movements, or changes in personal circumstances. When unforeseen events created challengeslike significant market downturns, sudden financial hardships, or changes affecting the ability to pay tax liabilitiesrecharacterization offered a way out.
Ensure BOI reporting compliance and remain updated with the latest BOI regulations with a tax advisor from Harness. Get started Harness makes it easy to find tax and financial advisors best suited to your needs. Get started Harness makes it easy to find tax and financial advisors best suited to your needs.
This structure allows real estate investors to pay themselves a “reasonable salary” (subject to payroll taxes) and take remaining profits as non-self-employment-taxed distributions, potentially reducing the overall tax burden. However, the asset class still bears a considerable amount of market risk.
By leveraging sophisticated deduction-finding tools and personalized suggestions based on an individual’s financial profile, these programs actively help identify and claim all eligible tax breaks, often discovering opportunities that might otherwise be missed.
In this role, he advises clients on all aspects of estate & gift taxplanning, asset titling, family governance, philanthropy and business succession strategies. Number 8860726. Registered in England & Wales with number 01835199, registered office 5 Howick Place, London, SW1P 1WG.
Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all Resonant Capital Advisors CEO and President Benjamin Dickey RIA $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious (..)
Podcasts Christine Benz and Jeff Ptak talk with Tim Steffen, director of taxplanning for Baird. riabiz.com) Compliance Many clients want to text with their adviser. kitces.com) How one firm plans to use client testimonials. kitces.com) Daniel Crosby talks with Tom Morgan about personal myth making.
Identify and Mitigate Risk Every business face risks, whether financial, operational or market-related. Identifying these risks early and having a plan to mitigate them can save your business from significant setbacks. Get Help with TaxPlanningTaxplanning is a critical component of financial management.
Core components of CAS involve bookkeeping, payroll, taxplanning & compliance services customized for each client. Client Accounting Services are a comprehensive set of offerings provided by accounting firms to assist both individual and business clients in both compliance matters and day-to-day financial management.
There are customers and employees, marketing and keeping an eye on industry trends, cash flow and compliance. 8 MIN READ There are a million things to keep track of when running a business. With these come a number of different dates to keep track of, which as a small business owner or a solopreneur can get overwhelming, fast.
From quarterly estimated taxplanning to equity compensation and crypto taxplanning, diversifying your service offerings can not only set you apart from the competition, it can also help you significantly grow your revenue and retain clients.
Whether you are starting a new business or evaluating your current structure, gaining a clear understanding of C Corp taxation will help you make informed decisions and optimize your tax strategy. This means the corporation files its own tax return and pays taxes on its profits at the corporate tax rate.
By exploring these nuances, you can better appreciate the tax advantages and responsibilities that come with running a Co-op. Understanding Co-op Taxes Key Tax Deductions and Credits Taxplanning tips for a Co-op Final Thoughts on Understanding Co-op Taxes Partner with Harness for Expert Tax Support What Is a Cooperative (Co-op)?
They can provide ongoing support so you can continue investing after retirement, monitor market fluctuations, and make necessary adjustments to your retirement portfolio. A financial advisor can craft tax-efficient withdrawal strategies to minimize the tax burden on your retirement income. But their support does not end there.
Perception of the profession The tax profession also suffers from an image problem in the eyes of younger generations. Stereotypes of long hours spent on tedious compliance work tend to overshadow the intellectual challenges, problem-solving opportunities, and the potential for strategic advisory roles within the field.
Expertise in TaxPlanning & Compliance: A CPA can help you identify tax-saving opportunities and help keep your clients in compliance with tax laws, reducing the risk of costly penalties and fees. Explain that you work with their client and want to provide the necessary tax documents or projections.
Several of the wealth managers had specialists in-house such as: Chief Philanthropic Advisor, Head of TaxPlanning, Family Legal Counselor, Trust Officer If you can’t hire these specialists, work out an arrangement with a close third-party with this expertise. BOOM – there you go, today’s marketing tip for ya!
I am an irreverent and fun marketing consultant for financial advisors. For marketing tips in the transparency age…. Also, nothing in this podcast or blog can be interpreted as legal or compliance advice. For advise on such matters, contact a legal or compliance advisor. So please subscribe!
The notion of taking on the task of managing compliance, technology, HR, and finance is often what stops advisors from going independent. Plus, these platforms don’t just provide support at launch; they also offer ongoing operational, compliance, marketing, and practice management support to optimize the business for growth.
Key Highlights Content marketing helps financial advisors stand out. A good marketing strategy starts with setting clear goals. This helps them make a bigger impact and achieve their marketing goals. Financial advisor marketing through content marketing is a great way to attract potential clients.
We organize all of the trending information in your field so you don't have to. Join 36,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content