Harness Wealth

OCTOBER 8, 2024

Key Takeaways: The Harness Marketplace allows your tax firm to be paired with high-value tax clients whose unique needs align with your expertise. 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.

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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 Planning 96

Your Richest Life

APRIL 15, 2024

Do you have a plan in place for your retirement? For many people, the extent of their retirement planning includes signing up for the plan at work – which is often more of a starting point than a comprehensive retirement plan. There are traditional and Roth 401(k)s, both differentiated by their tax benefits.

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Zoe Financial

FEBRUARY 14, 2023

Zoe’s Tell-All: 2023 Tax Season Published February 14th, 2023 Reading Time: 5 minutes Written by: The Zoe Team If you’re a golfer, you know a lot goes into the brilliant game. Similarly, filing taxes includes many steps and details everyone needs to know about. Tax planning can be overwhelming , but it doesn’t have to be.

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Taxes Tax Planning Financial Advisor Planning 52

Cordant Wealth Partners

AUGUST 16, 2024

Most recently, Intel announced layoffs impacting 15% of the workforce with a plan to cut $10 billion in total costs. So, if you separate from the company near the end of the year, earning a full year of salary plus severance payouts, you could be pushed into a higher tax bracket. Tax planning for a transition out of Intel is critical.

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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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NAIFA Advisor Today

AUGUST 5, 2022

Nonqualified benefits, like deferred compensation plans, may be a good solution to appeal to executives looking for pre-tax opportunities beyond IRAs and 401(k) plans to accumulate greater wealth for retirement.

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Compensation Planning Retirement Planning Taxes 52

Zajac Group

JANUARY 24, 2023

If your employer has granted you incentive stock options (ISOs) , you’ve likely spent time researching the tax treatment. If so, you’ve probably read about the alternative minimum tax (AMT), and qualifying and disqualifying dispositions. Perhaps the complication has left you wondering: What does this mean to me as a taxpayer?

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Taxes Sales Tax Planning Planning 52

Cordant Wealth Partners

SEPTEMBER 8, 2022

This article will discuss the key features of the Microsoft 401(k) plan, and after reading it, you should leave with a clear game plan of how to: Maximize the match (free money! ) The key benefits of any 401(k) plan (including Microsoft’s) include: Free Money : A company match on your contributions.

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Retirement Planning Retirement Planning Taxes 52

Cordant Wealth Partners

OCTOBER 25, 2021

What’s the risk of the Intel SERPLUS plan? Second, what’s the magnitude of the tax benefit from deferring income? Intel SERPLUS Contribution Scenario and Tax Calculator (excel download). Intel’s SERPLUS (Deferred Compensation) program is available to employees at grade level 10 or higher. FREE RESOURCES.

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Compensation Planning Distribution Taxes Planning 52

Cordant Wealth Partners

JANUARY 28, 2021

Employees of what was formerly Mentor Graphics, now Siemens, may find that they are eligible for Siemens’ Deferred Compensation Plan (DCP) and wonder if they should defer their salary and/or bonus into the plan. The Benefits of Deferred Compensation. The Risks of Deferred Compensation Plans. Tax Benefits.

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Compensation Planning Taxes Planning Distribution 52

Cordant Wealth Partners

NOVEMBER 20, 2020

409(a) Nonqualified Deferred Compensation Plans present one of these opportunities. You willingly forgo income today with the faith that your company will survive many years into the future to make good on this liability to you—all for a tax benefit that tips the odds in your favor. The Benefits of Deferred Compensation Plans.

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Compensation Planning Taxes Distribution Retirement 52

Cordant Wealth Partners

DECEMBER 2, 2022

Most recently, Intel announced layoffs impacting 11% of the workforce in the fall of 2022 with a plan to cut $3 billion in costs over the next year. It’s important to note, severance payouts are taxed, and taxed as ordinary income in the year of payout. Tax planning for a transition out of Intel is critical.

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Planning Retirement Taxes Accounting 52

Walkner Condon Financial Advisors

JUNE 27, 2023

As it turned out, financial planning is where I felt I could have the most impact. I wanted to help others with financial planning and advice. Severance pay is taxable and will be included on your W-2 for tax purposes. Expect federal and state taxes to be withheld. This is uncommon. Unemployment insurance.

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Insurance Insurance Coverage Compensation Planning Financial Advisor 52

Walkner Condon Financial Advisors

JUNE 27, 2023

As it turned out, financial planning is where I felt I could have the most impact. I wanted to help others with financial planning and advice. Severance pay is taxable and will be included on your W-2 for tax purposes. Expect federal and state taxes to be withheld. This is uncommon. Unemployment insurance.

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Insurance Insurance Coverage Compensation Planning Financial Advisor 52

Cordant Wealth Partners

SEPTEMBER 7, 2022

The Microsoft Mega Backdoor Roth 401(k) is a feature within the 401(k) plan that allows you to: Save additional money each year on an after-tax basis into your 401(k) and Convert those dollars into a tax-free Roth subaccount. Like a Roth IRA, the Roth 401(k) is tax-free money. Let’s look at how this is done.

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Taxes Accounting Compensation Planning Retirement 52

Zajac Group

MARCH 20, 2023

One strategy to consider particularly for those with significant wealth or instant wealth could be a 10b5-1 plan. Reason #5 – Tax Tradeoffs: So much of equity compensation and the decision to sell (or not sell) is tied to income tax. You might seek to defer income tax, simply, by not exercising options or selling shares.

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Risk Tolerance Taxes Portfolio Planning 98

Cordant Wealth Partners

SEPTEMBER 9, 2022

Like any major corporation, Microsoft’s compensation package includes various programs and benefits for its employees. For example, base salary makes up around 70% of total compensation for the typical Level 59 Software Engineer versus less than 50% for a Level 67 Principle SDE. See the chart below. Fund your ESPP account.

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Engineering Taxes Insurance Accounting 52

Carson Wealth

MAY 4, 2023

Stock options can be either qualified or non-qualified, and the primary difference is how they are taxed. In practice, ISOs create complex tax compliance and planning issues for both employers and employees. Depending on the plan agreement, there are several ways to “pay” for the stock at the strike price.

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Cordant Wealth Partners

SEPTEMBER 27, 2021

And while these benefits can be quite valuable, in most cases, they do require a fair amount of time, planning, and intentionality to take advantage of them and incorporate them into your overall financial strategy. Stock compensation at Microsoft is offered via RSUs. Restricted Stock Units vest over time and are taxed as income.

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Engineering Taxes Insurance Compensation Planning 52

Zajac Group

JANUARY 10, 2023

After all, there is plenty to think about if you’ve been granted equity compensation. You might become mired in taxing technicalities, including AMT calculations. Can’t decide how to decide what to do with your equity compensation? One way around this, particularly for executives, may be to establish a 10b5-1 plan.

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Taxes Planning Financial Planning Investing 52

Zoe Financial

MARCH 22, 2023

Considering your retirement lifestyle plans and associated costs, it’s important to consider inflation. Not all income is created equal – and different income sources also carry other consequences , especially regarding taxes. The starting point is understanding your retirement needs and how you’ll pay for them.

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Retirement CFP Taxes Accounting 52

Diamond Consultants

JUNE 28, 2023

Jake landed on a “middle ground” option, choosing to go to RBC to monetize his life’s work and recoup some of his deferred compensation. Overall, RBC had a more entrepreneurial culture, offering an extra support team member and a simplified and consistent compensation plan that no longer emphasized banking.

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Compliance Recruitment Clients Compensation Planning 52

Sara Grillo

AUGUST 14, 2023

The Institute exists to preserve, protect and defend fiduciary principles in investment advice, wealth management and financial planning. He has presented papers at conferences on topics such as investment fraud, risk management, and retirement planning. Lee holds a Ph.D.

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Prosperity Coaching

MAY 20, 2022

Financial Advisors Selling to Corporate Executives: Financial services are a diverse field because clients can range from blue-collar workers to high-income earners, all with vastly different needs. Read here: This is my 4th post in The Financial Advisor Ideal Client Blog Post Series: How to attract your ideal clients. Since […].

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Financial Advisor Financial Services Clients Compensation Planning 52

Brown Advisory

OCTOBER 6, 2020

Further, its bonds are backed by all property taxes within the district, which means that disadvantaged neighborhoods should receive priority attention from the District, while the costs of those projects are borne by the District’s strong and diverse overall economy.

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Executive Compensation Education Clients Compensation Planning 52

Brown Advisory

OCTOBER 6, 2020

Further, its bonds are backed by all property taxes within the district, which means that disadvantaged neighborhoods should receive priority attention from the District, while the costs of those projects are borne by the District’s strong and diverse overall economy. And Part of the Problem.

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Executive Compensation Education Clients Compensation Planning 52