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

Carson Wealth

JANUARY 25, 2023

Mike Valenti, CPA, CFP ® , Director of Tax Planning Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner It’s January, so it’s officially tax season! One of the most common client questions heard by tax preparers is, “So, what do you need from me?” This can result in additional tax owed, plus penalties and interest.

Taxes 98

Taxes Medical Distribution Accounting 98

Carson Wealth

SEPTEMBER 14, 2023

Understanding the intricate web of tax implications and identifying tax-efficient strategies is crucial for preserving your fiscal well-being. As you aim to optimize your tax position, here are six common mistakes business owners make when it comes to succession planning tax considerations and how to navigate them.

Taxes 52

Taxes Financial Advisor Planning Sales 52

Nerd's Eye View

OCTOBER 2, 2023

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Holistiplan, after achieving success with its tax planning and analysis software, has announced an investment from Lead Edge Capital, signaling that it may be ready to expand into other financial planning areas beyond tax – (..)

Communication 221

Communication Portfolio Management Clients Tax Planning 221

Darrow Wealth Management

AUGUST 28, 2023

The sale of a business marks a major life event. With many sellers relying on the sale to fund their retirement and lifelong financial goals, getting it right from the start is critical. It’s emotional, stressful, and exciting all at the same time. And unfortunately, it’s often a lot of work. This is both good and bad news.

Sales 77

Sales Wealth Advisor Estate Planning Taxes 77

Harness Wealth

MARCH 31, 2023

The Igloo Company Pudgy Penguin #7625 – source: sothebys.com As non-fungible tokens (NFTs) have gained mainstream popularity, it’s essential to understand the tax implications associated with these crypto assets. Table of contents Introduction to NFTs How are NFTs taxed Taxes when buying NFTs Can NFTs be taxed as collectibles?

Taxes 52

Taxes Assets Sales Retirement 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. Core components of CAS involve bookkeeping, payroll, tax planning & compliance services customized for each client.

Accounting 59

Accounting Clients Compliance Taxes 59

Harness Wealth

APRIL 28, 2023

If you earn income from various sources throughout the year, such as equity windfalls, venture capital fund distributions, crypto investments, and sales, or small business income, you will need to pay estimated quarterly taxes. Table of Contents What Are Estimated Quarterly Taxes?

Taxes 52

Taxes Distribution Startup Assets 52

Darrow Wealth Management

MAY 3, 2024

Whether the windfall was expected, perhaps from the sale of a business, or unexpected, you’ll want to make a plan for the future. And ultimately, how to invest a windfall will depend on a number of factors, including your risk tolerance, time horizon, and spending plans.

Wealth Management 52

Wealth Management Wealth Advisor Financial Planning Financial Advisor 52

Zajac Group

JUNE 15, 2022

Who doesn’t love a great tax break? Why not make best use of your tax-planning powers when you do? At a glance, it would seem qualified dispositions are the way to go: Qualified dispositions: Proceeds are taxed at (usually lower) long-term capital gains rates. Fewer taxes are better, right? True enough.

Taxes 52

Taxes Tax Planning Sales Planning 52

Harness Wealth

APRIL 17, 2023

In this guide, we’ll explore the ins and outs of tender offers, discuss their associated tax implications, and give you the information you need to plan ahead for any tender offers in your future. Do You Owe Taxes In A Tender Offer? Do You Owe Taxes In A Tender Offer? Table of Contents: What Is A Tender Offer?

Startup 52

Startup Taxes Risk Tolerance Consulting 52

Harness Wealth

MARCH 9, 2023

In the course of its IPO planning in 2021, Reddit reported having roughly 344,000 Premium users, equating to around $24 million per year in non-advertising revenue. Exercising options means that you are buying shares at your strike price, a number set at the time the options were granted. What should Reddit shareholders do?

Planning 52

Planning Taxes Advertising Tax Planning 52

Bell Investment Advisors

DECEMBER 13, 2022

These programs come in several flavors, each with its own attributes, constraints, and tax implications. Step one, then, is to determine which plan or plans you have, and understand the unique features of each. These plans permit employees to purchase a specified number of shares at pre-set prices on predetermined dates.

Planning 52

Planning Taxes Risk Tolerance Sales 52

Zajac Group

MARCH 3, 2023

And PSAs may require you to meet or exceed specific business targets, such as Total Shareholder Return, EBITDA, EPS, sales, revenue, explicit industry or peer benchmarks, etc. Also, as we’ll cover further down, delivery isn’t always when you might assume, which can impact your tax planning if you’re caught unaware.

Taxes 52

Taxes Tax Planning Planning Executive Compensation 52

Zajac Group

FEBRUARY 10, 2022

Tax implications , financial planning, what to do post vest, and managing any proceeds from a sale should all be approached with careful consideration to ensure you get the most out of your restricted stock units. Restricted Stock Units are Taxed When they are Vested and Delivered. Total Tax Due: $37,063.

Financial Planning 52

Financial Planning Planning Taxes Financial Planner 52

Fortune Financial

APRIL 11, 2024

Search for Unclaimed Funds and Gather Documentation: Start by locating any previous plan statements you may have, as they will provide your account number and the plan administrator’s contact information. Additionally, upon retirement, strategically withdrawing from retirement accounts can further optimize tax efficiency.

Retirement 59

Retirement Retirement Planning Financial Advisor Education 59

Carson Wealth

JULY 26, 2023

Whether you’re hoping to pass your family-owned business to the next generation, a thriving solo practitioner aiming to cultivate internal talent, or you’re considering a third-party sale, developing a comprehensive succession plan is essential. Contact us to start exploring your options today.

Planning 52

Planning Taxes Retirement Financial Advisor 52

Inside Information

JULY 28, 2023

Not all of the outcomes were exactly like this, but what they had in common was new management that turned its attention to the numbers rather than to the products, the customers or the talent on staff. The advisory firm is acquired, and the new owners turn their immediate and focused attention on the numbers. For a while. What to do?

Clients 40

Clients Budgeting Engineering Numbers 40

Darrow Wealth Management

MARCH 24, 2024

6 tax strategies for incentive stock options and AMT Triggering the alternative minimum tax isn’t the end of the world, but you don’t want to do it by accident. Exercise ISOs early in the year to manage or avoid AMT To get long-term capital gains tax treatment, you need to hold ISOs through the end of the year of exercise.

Taxes 59

Taxes Tax Planning Planning Financial Advisor 59

WiserAdvisor

DECEMBER 29, 2022

However, there are a number of minute details that you must pay attention to within these three broad steps. A 401k account is a tax-advantaged account that will help you save tax and, at the same time, build wealth for the future. A lot of people do not precisely know their net income after paying taxes.

Financial Advisor 52

Financial Advisor Taxes Financial Planning Education 52

Darrow Wealth Management

MARCH 29, 2024

If you have incentive stock options, you’ve probably heard of the alternative minimum tax (AMT). Essentially, the alternative minimum tax is a prepayment of taxes. The credit reduces your tax liability to reflect prepaid tax. Early sales of ISOs are taxed in the regular tax system.

Taxes 82

Taxes Tax Planning Planning Wealth Management 82

Sara Grillo

MAY 8, 2023

Indexed universal life (IUL) is often sold using smoke-and-mirrors sales shams, but in this podcast we’ll expose the truth! Policy lapse results in phantom income tax on the entire amount of the capital gain in the policy, plus there is the disappointment of having an asset you counted on (maybe to retire) go to zero.

Insurance 59

Insurance Clients Financial Advisor Accounting 59

Carson Wealth

MAY 4, 2023

The intent of stock option compensation is to align the interests of the employees with that of the company: The employee’s compensation increases as the stock price increases. Stock options can be either qualified or non-qualified, and the primary difference is how they are taxed.

Taxes 52

Taxes Sales Planning Tax Planning 52

Harness Wealth

MARCH 3, 2023

How do taxes work in a tender offer? Since then, in the midst of a sleepy IPO market and macroeconomic headwinds, Stripe’s plans have evolved. First with the announcement in early 2023 that it would carry out an liquidity event within one year, either in the form of an initial public offering or a secondary sale (i.e.

Taxes 52

Taxes Valuation Startup Sales 52

The Big Picture

OCTOBER 19, 2022

RAMPULLA: I went to Drexel part time while I was at Vanguard, did that commute down to Philadelphia from the suburbs, you know, three times a week for a number of years. I was employee number one in London. So there’s the, “Hey, I’ll work with you and we’ll develop goals and a plan how to get there.”

Financial Advisor 280

Financial Advisor Clients Taxes Investing 280

Zajac Group

JUNE 1, 2022

There are two reasons typically cited for promptly selling vested company stock shares that originate from vested RSUs: The tax damage is already done: When restricted stock units vest, their value is taxable as ordinary income in the year they vest. From a tax perspective, vested RSUs look and feel very similar to a cash bonus.

Taxes 52

Taxes Sales Investing Investments 52

Harness Wealth

APRIL 19, 2022

Tax efficient selling strategies. Gifting and tax-efficient trusts. Be tax efficient when you sell: Identify the most tax efficient order for selling options/shares. If you hold equity from more than one grant, ensure that you have evaluated the most tax efficient sale plan. Exercising options.

Management 52

Management Marketing Marketing Taxes 52

Zajac Group

FEBRUARY 7, 2023

Such plans also provide an affirmative defense to allegations of insider trading. These plans allow for an executive or employee to enter into a pre-determined plan for the future sale of company stock during times when they may otherwise be prohibited, such as during blackout periods or while in possession of material non-public information.

Planning 52

Planning Certification Sales Taxes 52

Sara Grillo

APRIL 11, 2022

These services often include recommendations on investments, financial planning, retirement, Social Security, Medicare, tax planning, and other wealth-related topics. It’s all your number… How much are you managing it? An hourly financial advisor is someone who provides financial advisor for a set hourly rate.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52

Inside Information

SEPTEMBER 26, 2022

I think we all know about the long, slow transition from sales, to service, to expertise and advice, and how the early promoters of the trend were rewarded with a first-mover advantage. (Our conference ‘niche’ or ‘target market’ is advisors who accept the responsibility to be leaders in the profession.). What are some examples?

Clients 40

Clients Sales Management Taxes 40

Brown Advisory

APRIL 1, 2020

We believe that the current environment offers a number of strategic planning opportunities to improve your financial plan, enhance wealth transfers to heirs or charities, minimize the impact of income taxes and broadly help you advance your progress toward long-term goals. tax code that are not permanent.

Strategic Planning 52

Strategic Planning Planning Marketing Marketing 52

Brown Advisory

APRIL 1, 2020

We believe that the current environment offers a number of strategic planning opportunities to improve your financial plan, enhance wealth transfers to heirs or charities, minimize the impact of income taxes and broadly help you advance your progress toward long-term goals. tax code that are not permanent.

Strategic Planning 52

Strategic Planning Planning Marketing Marketing 52

The Big Picture

OCTOBER 3, 2023

We dive deep into all sorts of things about running businesses, managing risk, and then when we began talking about his public sector service, we went deep into the Tax Cuts and Job Act of 2017. One of the big sales offices was out in Long Island in Garden City. Really a fascinating career, a really, really interesting person.

Taxes 274

Taxes Banking Clients Management 274