Abnormal Returns

DECEMBER 12, 2022

investmentnews.com) Tax planning Why financial advisers need to be careful when offering tax advice. kitces.com) Tax planning is an ongoing process. riaintel.com) Older Americans are planning to stay in the homes. kitces.com) When is 'superfunding' a 529 plan the right move?

Tax Planning 130

Tax Planning Financial Advising Advertising Startup 130

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 246

Communication Portfolio Management Clients Startup 246

Abnormal Returns

SEPTEMBER 26, 2022

Podcasts Christine Benz and Jeff Ptak talk with Tim Steffen, director of tax planning for Baird. riabiz.com) This startup wants to make it easier to borrow against whole life insurance policies. morningstar.com) Michael Kitces and Carl Richards talk about repurposing lessons from clients for content. Budge looks to solve this.

Startup 130

Startup Tax Planning Compliance Financial Planning 130

Darrow Wealth Management

JULY 30, 2024

For founders, employees, and executives with stock-based compensation, an 83(b) election can be a powerful tax planning tool. When you make an 83(b) election, you’re opting to pay tax on unvested shares now, instead of when the stock vests. It can also preclude some tax planning strategies down the road.

Taxes 104

Taxes Tax Planning Startup Valuation 104

Darrow Wealth Management

APRIL 23, 2025

The 83(b) election has the potential to significantly reduce the overall tax liability, especially for startup founders and employees who receive stock-based compensation. It’s usually a key part of pre-IPO tax planning and exit strategies. This is only relevant for property subject to vesting requirements.

Taxes 63

Taxes Startup Compensation Planning Sales 63

Harness Wealth

FEBRUARY 7, 2023

If you’re a startup employee, chances are you earn stock options or grants as part of your compensation package. Startups typically follow a three to four year vesting schedule, with shares gradually being distributed monthly after one full year on the job (that one-year mark is known as the cliff).

Startup 52

Startup Taxes Tax Planning Commission 52

Cordant Wealth Partners

NOVEMBER 18, 2024

We also get you up to speed on the tax benefits of using a DAF. If you've heard of a DAF and are curious about incorporating it into your giving and tax planning strategy, this article is for you. Key Takeaways: Contributions to a donor-advised fund reduce your tax bill in the year your contribution is made.

Taxes 52

Taxes Tax Planning Nonprofit Accounting 52

Harness Wealth

APRIL 17, 2025

This represents a significant change from previous years’ higher percentages, making strategic timing of asset purchases increasingly important for tax planning purposes. Unlock your financial potential with our ultimate tax solution. Navigate equity compensation, business ownership, and cryptocurrency with ease.

Taxes 52

Taxes Tax Planning Professional Services Planning 52

Harness Wealth

APRIL 17, 2023

Equity compensation is a popular strategy used by startups to attract and retain top talent, and it can sometimes result in significant financial rewards for founders and employees alike. However, realizing the value of equity can be rare, particularly when the company has no immediate plans to go public. How Do Tender Offers Work?

Startup 52

Startup Taxes Risk Tolerance Sales 52

Harness Wealth

APRIL 17, 2025

Donor-advised funds (DAFs) have emerged as powerful tools that deliver this exact combination, providing immediate tax advantages while offering flexibility to recommend grants to qualified organizations over time. Table of Contents What Are Donor-Advised Funds, and How Do They Work?

Taxes 52

Taxes Tax Planning Distribution Assets 52

Brown Advisory

OCTOBER 12, 2021

The QSBS Tax Exemption: A Valuable Benefit for Startup Founders and Builders ajackson Tue, 10/12/2021 - 08:00 The Qualified Small Business Stock (QSBS) tax exemption may allow you to avoid 100% of the capital gains taxes incurred when you sell a stake in a startup or small business. Large Public Co.

Startup 52

Startup Taxes Clients Planning 52

Brown Advisory

OCTOBER 12, 2021

The QSBS Tax Exemption: A Valuable Benefit for Startup Founders and Builders. The Qualified Small Business Stock (QSBS) tax exemption may allow you to avoid 100% of the capital gains taxes incurred when you sell a stake in a startup or small business. Tue, 10/12/2021 - 08:00. you are a non-corporate taxpayer.

Startup 52

Startup Taxes Clients Planning 52

Darrow Wealth Management

NOVEMBER 17, 2022

The surtax will increase the Massachusetts tax liability by $68,000 on the sale of their home. A tech employee at a startup has stock options. Further, both examples ignore other sources of income, such as wages, pre-tax retirement account distributions, dividends, etc., that could increase the tax due from the surtax.

Taxes 111

Taxes Wealth Management Tax Planning Planning 111

Harness Wealth

APRIL 17, 2025

The credit amount varies based on household income, family size, and the flexibility in how it is claimed, either as an advance credit that reduces monthly premiums or when filing taxes. Working with a qualified tax professional can help identify all applicable deductions and credits tailored to your unique financial circumstances.

Taxes 52

Taxes Tax Planning Education Medical 52

Harness Wealth

MARCH 27, 2025

Buyers and sellers in the secondary market often use specialized platforms to trade private company shares, whether in pre-IPO startups or private equity fund interests. These platforms centralize financial and legal details to facilitate transactions, but tax considerations remain a key factor regardless of where the sale occurs.

Taxes 52

Taxes Tax Planning Assets Compliance 52

Harness Wealth

MARCH 11, 2024

As a company founder, early startup employee, or small business owner, you may find yourself in a higher tax bracket as your business grows or you realize gains from equity compensation. But that doesn’t mean you simply have to accept a higher tax bill.

Startup 59

Startup Taxes Medical Retirement 59

Harness Wealth

OCTOBER 5, 2024

What to Consider Before Selling in a Secondary Sale How to Sell Private Company Stock The Pros and Cons of a Secondary Sale If you work for a private company, especially a startup or tech firm, you may own stock or stock options as part of your compensation.

Startup 52

Startup Sales Taxes Consulting 52

Harness Wealth

MARCH 6, 2025

Equity Compensation: Extensions offer valuable time to optimize tax strategies for startup employees and executives dealing with equity compensation such as RSUs, ISOs, and QSBS. That said, tax filing can be a complicated process in which even relatively simple tasks can get muddled, mismanaged, or forgotten.

Taxes 52

Taxes Tax Planning Consulting Electronics 52

Harness Wealth

MAY 31, 2022

Whether you’re making $50,000 or $5,000,000 of W-2 income, there are only so many actions you can take to dramatically change your tax burden. With company equity, the tax treatment of those profits can be radically different. We built Equity Tax Insights to help startup employees better navigate these big choices.

Taxes 52

Taxes Tax Planning Startup Planning 52

Darrow Wealth Management

JULY 30, 2024

For founders, employees, and executives with stock-based compensation, an 83(b) election can be a powerful tax planning tool. When you make an 83(b) election, you’re opting to pay tax on unvested shares now, instead of when the stock vests. It can also preclude some tax planning strategies down the road.

Taxes 52

Taxes Tax Planning Startup Valuation 52

Darrow Wealth Management

JANUARY 23, 2025

The timing of when you exercise your stock options is important as certain situations can be far more advantageous from a tax and financial standpoint than others. But before purchasing shares, startup employees need to be aware of the potential tax implications. Buy shares with cash.

Taxes 93

Taxes Startup Wealth Management Planning 93

Harness Wealth

SEPTEMBER 18, 2024

These numbers show an opportunity for tax practices to build deeper, meaningful relationships with their clients, helping them to navigate some of life’s most challenging financial decisions. And you’ll see in our Q&A below, that tax advisors can bring estate planning into the conversation early on in a client relationship.

Taxes 52

Taxes Clients Planning Estate Planning 52

Harness Wealth

OCTOBER 5, 2023

From quarterly estimated tax planning to equity compensation and crypto tax planning, 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.

Taxes 59

Taxes Tax Planning Accounting Clients 59

Harness Wealth

MARCH 10, 2023

Under this structure, fund managers can defer paying taxes on their carried interest for up to three years after the profits are realized. For instance, suppose a fund manager invests in a startup that generates $1 million in profits in 2023. K-1 forms are reported on an individual’s tax return.

Taxes 52

Taxes Tax Planning Startup Portfolio 52

Harness Wealth

DECEMBER 14, 2022

In particular, I believe Harness’ unique insight around the complexity and importance of tax planning is very differentiated and powerful. One of the key unlocks for startup employees is thoughtful tax planning for their equity and crypto investments, and Harness has managed to bring tax to the forefront of their experience.

Certified Financial Planner 52

Certified Financial Planner Tax Planning Taxes B2B 52

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. The cash crunch is quick to rain on a potential tax planning parade. How Incentive Stock Options are Taxed 3.

Taxes 59

Taxes Tax Planning Planning Financial Advisor 59

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. The cash crunch is quick to rain on a potential tax planning parade. How Incentive Stock Options are Taxed 3.

Taxes 52

Taxes Tax Planning Planning Financial Advisor 52

Harness Wealth

NOVEMBER 27, 2023

Core components of CAS involve bookkeeping, payroll, tax planning & compliance services customized for each client. For example, a startup founder who has recently expanded their business may find it challenging to manage growing payroll needs.

Accounting 59

Accounting Clients Compliance Taxes 59

Harness Wealth

OCTOBER 8, 2024

The Harness Marketplace attracts employees, founders, and investors in tech, healthcare, management consulting, and other high-earning industries who need help managing complex tax needs. Be specific to attract your ideal tax client: When it comes to what sets your firm apart, be very clear.

Taxes 52

Taxes Clients Tax Planning Healthcare 52

Harness Wealth

MARCH 18, 2022

In this article on evaluating startup offers, we discuss: What’s typically shared about equity? How much will I be able to net after taxes? If early exercised, might the shares be eligible for Qualified Small Business tax treatment? This could make your gains tax free. . How does company equity work?

Valuation 52

Valuation Taxes Tax Planning Startup 52

Harness Wealth

MARCH 5, 2024

It’s important to note that tax advisors include three types of tax professionals : Certified Public Accountants (CPAs) Enrolled Agents (EAs) Tax Attorneys All three may offer different fee structures depending on the services offered and their firm’s unique expertise.

Taxes 52

Taxes Tax Planning Ethics Education 52

Harness Wealth

MAY 2, 2025

Understanding LLC Taxes Key Tax Deductions and Credits Common Tax Deductions for an LLC Tax Planning Tips for an LLC Final Thoughts on Understanding LLC Taxes Partner with Harness for Expert Tax Support What Is a Limited Liability Company (LLC)? Who is the LLC for?

Taxes 52

Taxes Tax Planning Compliance Strategic Planning 52

Harness Wealth

MAY 2, 2025

Understanding LLC Taxes Key Tax Deductions and Credits Common Tax Deductions for an LLC Tax Planning Tips for an LLC Final Thoughts on Understanding LLC Taxes Partner with Harness for Expert Tax Support What Is a Limited Liability Company (LLC)? Who is the LLC for?

Taxes 52

Taxes Tax Planning Compliance Strategic Planning 52

Harness Wealth

MARCH 23, 2023

Related reading: What are quarterly tax payments? The best approach for each decision may differ based on certain unique considerations (business model, industry, growth plans, personal financial situation, etc.)

Taxes 52

Taxes Startup Tax Planning Valuation 52

Harness Wealth

JUNE 9, 2023

While it may seem like a luxury that is only available to the wealthy, anyone is capable of building an effective financial plan and putting it into action. Without effective personal financial management, you risk losing money to poor budgeting, poor tax planning, or even just to inflation.

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

Harness Wealth

FEBRUARY 20, 2024

Employed by law firms, corporate legal departments, or running their own practices, tax attorneys can be looked to for legal tax issues and disputes, along with comprehensive tax planning and preparation. They may also help clients who were granted stock options or RSUs by their employer.

Taxes 52

Taxes License Education Tax Planning 52

Harness Wealth

MARCH 3, 2023

As previously mentioned, there are a growing number of secondary share marketplaces popping up where startup employees can find buyers for shares, cashing out when they choose and on their terms. If you’re one of the many Stripe employees with RSUs, now is the time to start planning ahead for a tender offer.

Taxes 52

Taxes Valuation Startup Sales 52