Harness Wealth

APRIL 17, 2025

Professional services require documentation that shows a direct benefit to your business, supported by contracts or engagement letters. Floor plans, regular updates to your documentation, and a clear boundary between personal and business space help establish the legitimacy of your home office deduction.

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Taxes Tax Planning Professional Services Planning 52

BlueMind

FEBRUARY 11, 2022

As is the case with all professional service providers, one of the most daunting and demanding tasks for financial advisors is staying on top of the paperwork when initiating a relationship with their new clients. The following is a list of only some of the documentation required when onboarding new clients.

Compliance 52

Compliance Financial Advisor Clients Electronics 52

Harness Wealth

MAY 17, 2025

It is also helpful to have your Social Security number, Delaware drivers license or ID, and bank account information ready for direct deposit of refunds. Both are valuable tools in tax planning. Professional tax preparers and software programs also offer support, especially for more complex tax situations.

Taxes 52

Taxes Electronics Tax Planning Compliance 52

Harness Wealth

APRIL 29, 2025

This protection extends to both business debts and potential claims arising from professional services, offering significant protection for tax practitioners. This can limit flexibility for firms planning significant expansion or considering complex ownership structures.

Taxes 52

Taxes Compliance Distribution License 52