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.

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Taxes Tax Planning Accounting Clients 59

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

Harness Wealth

MAY 31, 2022

Using Equity Tax Insights from Harness Wealth. 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. Making a plan. Minimizing Regular Taxes.

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Taxes Tax Planning Startup Planning 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.

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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.

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Startup Taxes Clients 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?

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Startup Taxes Risk Tolerance Consulting 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 10, 2023

Whether you’re in venture capital, private equity, or angel investing, it’s important to understand the tax implications of your investment income. One of the unique characteristics of carried interest is that it is taxed as a capital gain rather than ordinary income. K-1 forms are reported on an individual’s tax return.

Taxes 52

Taxes Tax Planning Startup Portfolio 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 – (..)

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Communication Portfolio Management Clients Tax Planning 222

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.

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Compliance Tax Planning Startup Financial Planning 130

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?

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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.

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Accounting Clients Compliance Taxes 59

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.

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Certified Financial Planner Tax Planning B2B Taxes 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.

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Startup Taxes Medical Retirement 59

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.

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Financial Planning Planning Financial Planner Wealth Management 52

Harness Wealth

MARCH 24, 2023

In this article, we’ll define some of the most common forms of equity compensation issued by startups and established companies alike, including RSUs, ISOs, NSOs, and more. Additionally, because the shares are not your property until the vesting date, no taxes are owed until the vesting date. How are RSUs taxed?

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Taxes Startup Wealth Advisor Financial Advisor 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? For tax purposes, those initial shares have a very low value (typically a fraction of a cent). How much will I be able to net after taxes? This could make your gains tax free.

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Valuation Taxes Tax Planning Startup 52

Harness Wealth

MARCH 9, 2023

Each type of equity has its own tax implications, which we’ll explain below: ISOs and NSOs If you have ISOs or NSOs, exercising your options before the IPO date can provide many tax benefits. Another consideration is that exercising your options will come with capital gains taxes.

Planning 52

Planning Taxes Advertising Tax Planning 52

Harness Wealth

MARCH 23, 2023

If you receive restricted stock or have the ability to exercise your stock options prior to vesting (early exercise), an 83(b) tax election enables your equity to be taxed when it is issued rather than when it vests. If your equity goes up in value, the benefit of an 83(b) election is that you pay less taxes on your equity.

Taxes 52

Taxes Startup Planning Management 52

Bell Investment Advisors

JUNE 16, 2022

Tax Matters. Once your needs are covered, you’re ready to create your plan. Start by getting clear on gift and estate tax laws. In 2022, anyone can give any recipient up to $16,000 in assets per year without owing federal gift taxes. Transfers over that amount are subject to a tax rate of up to 40%.

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Taxes Assets Financial Planner Education 52

WiserAdvisor

SEPTEMBER 8, 2023

It is important to have a clear understanding of your budget post-retirement, factoring in housing costs, property taxes, and maintenance expenses. Different states have different rules when it comes to income taxes. Engaging in careful tax planning is essential to navigate this potential tax challenge.

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Retirement Retirement Planning Financial Advisor Budgeting 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. 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

Harness Wealth

MAY 25, 2023

The right advisor can help manage your wealth, plan for retirement, navigate tax implications, and more. The per-hour fee structure is often used by financial advisors offering advice on estate planning; debt management; tax strategies; and Social Security claiming strategies.

Financial Advisor 52

Financial Advisor Certified Financial Planner Ethics CFP 52

Harness Wealth

MARCH 3, 2023

How do taxes work in a tender offer? Stripe is facing a hefty tax bill associated with the equity compensation of its many employees. If a Stripe IPO were to happen before then, employees would sell their shares and use some of the proceeds to cover their own personal taxes. How do taxes work in a tender offer?

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Taxes Valuation Startup Sales 52

The Big Picture

OCTOBER 19, 2022

It was a startup. It felt like a startup. I mean, it wasn’t quite a startup. So it was really, really fun startup, very collaborative, felt like a family. So there’s the, “Hey, I’ll work with you and we’ll develop goals and a plan how to get there.” They’ll do tax planning, right?

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Financial Advisor Clients Taxes Investing 277

Harness Wealth

MARCH 23, 2023

In this article, we explain Restricted Stock Units (RSUs), their popularity as a form of equity compensation, and how to best minimize tax liability on any RSUs you may have now or in the future. How are restricted stock units taxed? The first is upon vesting when your RSUs are subject to the ordinary income tax.

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Taxes Startup Tax Planning Valuation 52