Carson Wealth

FEBRUARY 29, 2024

But when does gifting become a tax issue? Let’s take a closer look at estate and gift taxes and how you can approach them with a financial planning mindset. Taxes on Giving??? Why do you have to pay taxes on money you’re giving away? This continued until the federal government wised up and imposed a federal gift tax.

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Taxes Financial Planning Planning Estate Planning 85

Wealth Management

NOVEMBER 30, 2022

Data reflects effects of the COVID-19 pandemic and recent tax law changes.

Taxes 101

Taxes Numbers 101

Abnormal Returns

OCTOBER 3, 2022

financialducksinarow.com) A look at state-level tax regimes for retirees. (investmentnews.com) Annuities can help take some risks off the table for retirees. morningstar.com) What happens when some one receiving disability benefits reaches full retirement age? kitces.com) Investing More RIAs are outsourcing investment management.

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Numbers Wealth Management Financial Advising Retirement 130

Integrity Financial Planning

NOVEMBER 14, 2023

We’re coming up on the end of the year, and while it’s a time to take a break and enjoy the holiday season, it’s also a good time to consider tax strategies that may benefit you. Gift Tax Exemptions Each year, you can give up to $17,000 to any number of people tax-free.

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Taxes Retirement Estate Planning Planning 96

MazumaBusinessAccounting

JULY 29, 2021

It’s also easy to ignore financial reports when we don’t know how to translate the numbers on the report into key insights about the health and value of our business. But what do we do with those sales numbers after we see the reports? That’s why the next numbers are important to evaluate as well. Net Profit.

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Numbers Taxes Sales Accounting 98

Abnormal Returns

APRIL 10, 2024

bestinterest.blog) Taxes How retirees can (legally) reduce their tax bills. humbledollar.com) Don't take tax advice from TikTok. etf.com) We spend money for any number of reasons including 'To honor earlier generations.' (cntraveller.com) How Social Security fits within your retirement plan.

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Estate Planning Retirement Planning Retirement Taxes 199

Integrity Financial Planning

FEBRUARY 3, 2023

With the new year in full swing, tax season is just around the corner. Filing federal income taxes can be a long and complicated process, and mistakes are bound to happen here and there. As many of us know, these small mistakes can cost you big in tax returns and penalties. Is the Standard Deduction Right for You?

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Taxes Math Accounting Numbers 82

MazumaBusinessAccounting

MARCH 9, 2023

It’s also easy to ignore financial reports when we don’t know how to translate the numbers on the report into key insights about the health and value of our business. But what do we do with those sales numbers after we see the reports? That’s why the next numbers are important to evaluate as well.

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Numbers Taxes Sales Accounting 52

Ballast Advisors

AUGUST 16, 2023

An HSA is a tax-advantaged account that enables you to save money to cover health-care and medical costs that your insurance doesn’t pay. The funds contributed are made with pre-tax dollars if you contribute via payroll deduction or are tax deductible if you make them yourself using after-tax dollars.

Accounting 52

Accounting Numbers Medical Taxes 52

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.

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Taxes License Education Tax Planning 52

Harness Wealth

MARCH 5, 2024

Tax advisors, and other tax professionals , offer services from preparing and filing annual tax returns to comprehensive tax strategies that help minimize taxes and preserve wealth over time. In this guide, we’ll explore the average fees of tax advisors in the US for 2024.

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Taxes Tax Planning Ethics Education 52

FMG

FEBRUARY 20, 2024

For advisors, there’s one season out of the year that creates a buzz and is the perfect time to boost engagement: tax season. Why Tax Season is Great for Engagement Tax season is a hectic time for people because they want to ensure their taxes are done right. 5 Tips to Engage Prospects During Tax Season 1.

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Taxes Media Clients Engineering 52

Nerd's Eye View

JANUARY 31, 2024

This shift has led financial advisors to explore new strategies for mitigating the resulting tax-planning challenges. This allows the account to grow on a tax-deferred basis, with income to beneficiaries being taxed when distributions are made. Second is that the CRUT is testamentary (i.e.,

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Financial Advisor Estate Planning Nonprofit Financial Planner 221

Wealth Management

APRIL 17, 2024

While the number and types of direct indexing solutions continue to grow, it is worth reviewing some of the potential benefits of its use.

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Taxes Numbers 64

Integrity Financial Planning

MAY 24, 2023

Are you prone to making these major mistakes when it comes to taxes and overpaying? You have to be looking at your income and looking at your deductions and strategize in order to avoid major tax mistakes. One of the keys to cutting taxes is timing. 0:12) Pay attention to what you’re going to pay in taxes. (4:28)

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Taxes Medical Financial Planning Planning 52

Abnormal Returns

FEBRUARY 7, 2024

open.spotify.com) Taxes What happens if you don't file and/or pay your taxes. financialducksinarow.com) Who pays taxes on Social Security benefits? nytimes.com) A record number of Americans are going to turn 65 over the next few years. (standarddeviationspod.com) Peter Lazaroff on investing at all-time stock market highs.

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Retirement Transportation Taxes Distribution 259

Abnormal Returns

FEBRUARY 21, 2024

morningstar.com) People work in retirement for any number of reasons. awealthofcommonsense.com) Taxes Do you know how to pay taxes on your Series I savings bonds? wsj.com) An increasing number of retirees feel 'trapped' in their Medicare Advantage plans. Rowe Price about non-financial considerations in retirement.

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Retirement Retirement Planning Portfolio Management Financial Advisor 222

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.

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Taxes Medical Distribution Accounting 98

Trade Brains

JANUARY 2, 2024

Maximum number of investors per scheme is limited to 1,000, with a cap of 49 in the case of angel funds. What are some Tax Benefits of AIFs? In simple terms, capital gains tax applies to profits or losses made from the fund. Minimum investment limit is Rs. 1 crore for investors and Rs.

Taxes 64

Taxes Investing Investments Retail 64

Nerd's Eye View

DECEMBER 22, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Envestnet has published research highlighting a number of key trends that they believe will shape the growth of the advisory industry in 2024 and beyond, which reflect at a high level advisors' ongoing shift towards providing (..)

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Financial Planner Fee Only Tax Planning Retirement 224

Carson Wealth

DECEMBER 28, 2022

While everyone has different financial goals and objectives, one smart strategy can be to reap the benefits of tax-advantaged accounts to help mitigate your tax burden, whether for today or down the road. What Are Tax-Advantaged Accounts? . There are two types of tax-advantaged accounts: . Tax-Deferred Accounts .

Accounting 98

Accounting Taxes Retirement Planning 98

Darrow Wealth Management

NOVEMBER 17, 2022

In November 2022, proponents of the Massachusetts ‘millionaires’ tax (question 1) won their bid to nearly double the income tax rate on individuals with taxable income over $1M a year. As proposed, the new legislation would increase these tax rates to 9% and perhaps even 16% , respectively, starting in 2023.

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Taxes Wealth Management Tax Planning Compensation Planning 95

XY Planning Network

FEBRUARY 6, 2023

MIN READ Admit it: Do you have a shoebox full of “important” papers that you *think* might be needed for your taxes? Preparing” for tax preparation can be daunting. The sheer volume of documents (with weird combinations of letters and numbers) is enough to make anyone stress! Do you know what’s in there? The kitchen counter?

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Taxes Tax Planning Clients Accounting 78

James Hendries

JULY 13, 2023

The Family Business Survey 2023 highlights the most pressing concerns of these enterprises, with high personal tax levels emerging as a top worry for America’s largest private employers. High Persona Tax Levels: A Barrier To Growth Family-owned businesses are crucial to the American economy.

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Taxes Economy Planning Investing 52

James Hendries

AUGUST 10, 2022

An HSA is a tax-advantaged account that’s paired with an HDHP. An HSA offers several valuable tax benefits: You may be able to make pre-tax contributions via payroll deduction through your employer, reducing your current income tax. Contributions to your HSA, and any interest or earnings, grow tax.

Accounting 52

Accounting Numbers Taxes Tax Planning 52

XY Planning Network

JANUARY 23, 2023

3 MIN READ Are taxes too taxing? No one likes taxes. Even though I do taxes for a living, I’ll be the first to admit it’s not always easy or simple. Taxes are a hassle at least and a complete nightmare at worst. While not everyone avoids taxes, there are a significant number of people who do.

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Taxes Clients Numbers Fee Only 65

Nerd's Eye View

FEBRUARY 24, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the SEC’s proposed “Safeguarding Rule” would significantly increase the number of investment advisers deemed to have custody of client assets and increase paperwork requirements for advisers (..)

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Financial Planner Tax Planning Taxes Numbers 224

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.

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Taxes Financial Advisor Planning Sales 52

XY Planning Network

FEBRUARY 20, 2023

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. Surprisingly (ahem), tax filings tend … not to be top of mind for most business owners. the tax code can be absolute - except when it’s not. to address! to address!

Taxes 68

Taxes Financial Advisor Compliance Numbers 68

Abnormal Returns

OCTOBER 18, 2023

humbledollar.com) Tony Isola, "Withdrawal rates are more than numbers on a spreadsheet." wsj.com) Taxes 14 common tax myths including 'You can write off lifestyle expenses if you are an influencer.' thomaskopelman.com) The IRS is going to launch free tax filing next year in 13 state.

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Math Insurance Retirement Taxes 248

Abnormal Returns

MAY 8, 2023

thinkadvisor.com) The latest in advisortech news from April including the SEC's scrutiny of tax-loss harvesting systems. sciencedaily.com) How tax-adjusting a portfolio works in practice. thinkadvisor.com) A number of tax provisions will sunset in 2026 including the lifetime exclusion amount. investmentnews.com)

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Wealth Management Estate Planning Taxes Valuation 220

James Hendries

JANUARY 22, 2023

Regardless of whether you prepare your taxes yourself or use a professional’s services, it’s a good idea to gather the information and documentation you need well in advance of your actual tax filing date. Below, we’ve listed some key information you need when preparing this year’s taxes.

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Taxes Medical Retirement Education 52

Integrity Financial Planning

MARCH 1, 2023

There are a number of common questions that come up around owning a home. You may be surprised to learn how important your tax strategy is when it comes to real estate investments. Finally, Brian answers a question from the mailbag about who to turn to when it comes to advice regarding investments, taxes, and legal documents.

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Taxes Financial Planner Financial Planning Assets 52

James Hendries

JANUARY 29, 2023

But another common type of identity theft involves the use of someone’s Social Security number to unlawfully intercept their income tax refund. Unfortunately, this fraud often isn’t discovered until the victim tries to file their taxes.

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Taxes Electronics Numbers Accounting 52

Abnormal Returns

APRIL 23, 2023

abnormalreturns.com) Just in time for tax day, a custom indexing linkfest! tonyisola.com) Ten years of live numbers on a tax-loss harvesting program. Also on the site Ramit Sethi teaches you how to spend money. abnormalreturns.com) Top clicks this week Why Warren Buffett is looking overseas for investments.

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Taxes Numbers Assets Investing 231

MazumaBusinessAccounting

DECEMBER 3, 2019

As we approach tax season, it is important to understand different types of tax forms, and why we need them. If you’re hiring a new employee, or trying to report your income tax returns, you have come to the right place! Tax forms are essential for all small businesses and must be filled out properly.

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Taxes Numbers Accounting Retail 69

Harness Wealth

SEPTEMBER 18, 2023

As the tax industry continues to evolve , the prospect of becoming a solo CPA, or establishing a small tax firm, can be increasingly appealing. In addition, large tax firms have a hierarchical structure that leads to incredible competition, especially as you work towards the partner tier.

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Taxes Accounting Clients Management 59