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Tax Planning for When Your Startup is Going Through an Acquisition

Harness Wealth

Founders, board members, and employees of startups that get acquired can experience tax consequences as a result of a liquidity event. It’s imperative to plan for the tax implications so you can be prepared to pay what you owe the IRS. For example: How much do you need to budget for taxes?

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How Much Does It Cost to Start an Accounting Firm in 2023?

Harness Wealth

From incorporation fees to purchasing tax and accounting software to optimizing your human capital (time), we’ll explore the many costs associated with starting an accounting firm and the operational expenses you should anticipate as you grow your new business. At Harness Tax , there’s no need to manage lots of subscriptions.

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SECURE 2.0 Act Aims to Increase Retirement Savings for Americans

Carson Wealth

Act brings together multiple retirement planning bills that were proposed earlier in 2022 and combines them with the 2023 budget – bringing the total package to about $1.7 Starting in 2027, the Saver’s Match tax credit will be enhanced to provide a match into a retirement account for those with lower income who choose to save.

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Client Accounting Services: A Guide for CPAs

Harness Wealth

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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What is a Financial Plan, and How Do I Make One?

Harness Wealth

Without effective personal financial management, you risk losing money to poor budgeting, poor tax planning, or even just to inflation. Taxes and Inflation: The Silent Killers of Returns Annual returns on investments are affected by both inflation and taxes, and they can drastically reduce the actual returns of your investments.

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Sorted Weekly Tweets

Aleph

Jan 17, 2023 How Auto Lenders Can Help the Growing Ranks of Troubled Borrowers [link] The low end is experiencing greater credit stress Jan 17, 2023 Politics It’s Time to Put a Brake on the Debt-Ceiling Charade [link] Switzerland has an expenditure cap that requires balanced budgets over time. It would be a lot better than what we have now.

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Transcript: Joanne Bradford

The Big Picture

She has a number of investments as as really a entrepreneur and a venture investor. She’s also involved with wealth.com, and I could, I could give you a long list of all the things she’s, she’s done Kahoot, super telly, just all, all these really fascinating startups. And I went to a little startup that was a failure.

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