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Holistiplan Launches Estate Plan Document Extraction Tool (And More Of The Latest In Financial #AdvisorTech – November 2024)

Nerd's Eye View

This month's edition kicks off with the news that Holistiplan has announced the rollout of a new estate plan document extraction tool to stand alongside its highly popular tax return scanning tool – which highlights how advances in AI technology have allowed tools like Holistiplan to go beyond tax returns and scan nearly any kind of document (..)

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The Hidden Costs of Manual Tax Document Collection—And How to Fix It

Harness Wealth

For many small tax firms, the process of collecting client tax documents can be a time-consuming and a prolonged process. The good news is that technology solutions, like Harness, can streamline document collection and transform the way tax professionals work.

Taxes 52
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Wealth.com Raises $30M To Provide Estate Documents To Advisors’ Clients (And More Of The Latest In Financial #AdvisorTech – October 2024)

Nerd's Eye View

This month's edition kicks off with the news that digital estate planning platform Wealth.com has raised a whopping $30 million in Series A funding, following on the heels of Vanilla's follow-on $20M capital round just a few months ago – which on the one hand reflects the anticipated enthusiasm for solutions that can help advisors efficiently (..)

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Eight Critical Steps When Considering Art Donations

Wealth Management

Essential steps for high-net-worth individuals to donate art for tax deductions. Learn about institution selection, documentation and appraisal requirements.

Taxes 264
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[cdata[ Tax Document Retention: The Smart Audit Shield l Why Forever Matters ]]

oXYGen Financial

[CDATA[ Hopefully, you've completed your tax return and didn't need to file for an extension. Now, you might be wondering what to do with all the legal documents, receipts, and business papers used in your return. Which Tax Documents Should You Keep and for How Long? What should you keep, and what can you discard?

Taxes 98
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Tax Deductions vs. Tax Credits: What’s the Difference?

Harness Wealth

Tax season can be overwhelming, but understanding how to leverage deductions and credits can significantly impact your bottom line. While both mechanisms help reduce what you owe, they operate in fundamentally different ways that affect your final tax bill. And tax law is not static. of your AGI. of your AGI.

Taxes 52
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All the Tax Benefits You Need for Your Small Business

Harness Wealth

Tax deductions can save you thousands annually by reducing your taxable income through legitimate business expenses. Understanding these deductions is more critical than ever as tax laws evolve, presenting new opportunities for savings. Understanding this distinction is crucial for maximizing your tax benefits effectively.

Taxes 52