Carson Wealth

MAY 30, 2023

By Mike Valenti, CPA, CFP ® , Director, Tax Planning Corporate executives often receive the brunt of the U.S. tax system. Typically, most or all of their income is W-2 income and subject to the higher ordinary tax rates as well as FICA taxes.

Executive Compensation 52

Executive Compensation Tax Planning Taxes Planning 52

Harness Wealth

DECEMBER 8, 2022

The maximum net capital loss you could deduct is $3,000 per tax year, anything above that would be deducted in the following year. Did you have a liquidity event in 2022? If you did, there are more aggressive tax loss generating investments a financial adviser can introduce, such as customizable tax-loss portfolios.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Carson Wealth

JULY 3, 2024

In the event of an audit, it can add layers of complexity not in your favor. Set up separate plans and goals for your business and your personal finances. While the event itself can be a surprise and unknown, you should always have cash ready to meet these costs head on and keep your business operating.

Financial Planning 139

Financial Planning Planning Retirement Planning Tax Planning 139

Harness Wealth

JANUARY 24, 2023

QSBS is a federal tax benefit program that offers 100% exclusion of federal capital gains for a five-year period, up to $10 million for eligible stocks, such as Founders Stock. However, not all states conform to QSBS, and this can have a significant impact on taxes in the event of a liquidity event.

Startup 52

Startup Tax Planning Taxes Planning 52

Nerd's Eye View

OCTOBER 7, 2024

This month's edition kicks off with the news that digital estate planning platform Wealth.com has raised a whopping $30 million in Series A funding, following on the heels of Vanilla's follow-on $20M capital round just a few months ago – which on the one hand reflects the anticipated enthusiasm for solutions that can help advisors efficiently (..)

Clients 230

Clients B2B Estate Planning Planning 230

Carson Wealth

AUGUST 1, 2024

Making the right decisions around claiming Social Security — based on your spending needs, longevity and tax planning — could mean the difference between meeting your retirement goals or not. Instead, of falling into this RMD tax trap, take advantage of Roth IRA conversions during early retirement years or pre-retirement.

Retirement 138

Retirement Taxes Distribution Tax Planning 138

Abnormal Returns

SEPTEMBER 26, 2022

Podcasts Christine Benz and Jeff Ptak talk with Tim Steffen, director of tax planning for Baird. standarddeviationspod.com) Future Proof Lisa Shidler, "Future Proof 2022's festival-style event was a hit and will return next year to the same Huntington Beach coastal location."

Tax Planning 130

Tax Planning Compliance Startup 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 79

Taxes Tax Planning Startup Valuation 79

Yardley Wealth Management

MARCH 1, 2022

Part 3: Tax-Wise Financial Planning In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. But tax planning isn’t just for your investments. But we can weave each event into the tax-planning fabric of your financial life.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Yardley Wealth Management

MARCH 1, 2022

In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. . But tax planning isn’t just for your investments. But we can weave each event into the tax-planning fabric of your financial life. . Life happens.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

AdvicePay

JUNE 13, 2024

Here are some examples of one-time and ongoing services you can offer clients under the fee-for-service model: One-Time Services Ongoing Services Comprehensive Financial Plan Ongoing Financial Planning Second Opinion Engagement Advising on Held-Away Accounts Student Loan Analysis Tax Planning Portfolio Tax Efficiency Review Estate Planning Housing (..)

Insurance Coverage 85

Insurance Coverage Financial Planning Estate Planning Tax Planning 85

XY Planning Network

FEBRUARY 6, 2023

This helps your tax professional get your taxes filed correctly, prepares you in the event there are any questions on your return, and allows for efficient tax planning. We can help you and your clients understand what to keep (and perhaps more importantly, why), and for how long.

Taxes 88

Taxes Tax Planning Clients Accounting 88

Darrow Wealth Management

NOVEMBER 7, 2024

Exercise strategy: Timing: Consider the tax implications of exercising vested options before or after the IPO, timing of sales, and tax planning opportunities. Cash flow: Depending on the type of equity you have, exercising can be challenging given tax implications and having cash to buy the stock.

Taxes 83

Taxes Wealth Management Wealth Advisor Tax Planning 83

Harness Wealth

OCTOBER 16, 2024

As a Harness Marketplace member, Klingman & Associates works with tax firms on the Harness platform to refer and serve clients dealing with equity compensation, liquidity events, and other high-net-worth planning needs. Q: How can tax advisors align with the work of wealth advisors? It’s often event-driven.

Wealth Management 52

Wealth Management Taxes Clients Management 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

Nerd's Eye View

JANUARY 12, 2023

Some advisors implement client service calendars that dedicate certain times of the year to tax planning, insurance reviews, or quarterly meetings, and fill the gaps with newsletters, client appreciation events, and regular firm updates.

Clients 196

Clients Communication Fee Only Financial Advisor 196

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

FEBRUARY 13, 2023

Whether you’re planning for an upcoming liquidity event , such as an IPO, or you’re interested in bringing more sophistication to your overall tax strategy, Harness Tax offers a range of services to meet your needs. Talk through your equity concerns, goals, and next steps before an equity event occurs.

Taxes 52

Taxes Tax Planning Planning Accounting 52

Harness Wealth

MAY 31, 2022

If I exercise, will that trigger AMT (Alternative Minimum Tax)? Does it matter where I live when the exit event occurs? Using Equity Tax Insights, Oscar can compare decision options and flex scenarios like future stock price, income, and locations. Will buying and holding save me money? Understanding your options.

Taxes 52

Taxes Tax Planning Startup Planning 52

Darrow Wealth Management

NOVEMBER 5, 2024

Unfortunately, the Commonwealth also passed a ‘millionaire tax’, which adds a 4% surtax to taxable income over $1M , even for one-time sudden wealth events. To expand the tax benefits past the 10x/$10M limits, consider planning strategies such as gifting stock to family members. Form 8949 and Schedule D).

Taxes 65

Taxes Wealth Management Tax Planning Assets 65

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

Carson Wealth

APRIL 25, 2024

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being.

Financial Planning 93

Financial Planning Planning Retirement Insurance Coverage 93

Darrow Wealth Management

SEPTEMBER 11, 2024

Tax treatment of an inherited IRA or retirement account Most retirement accounts are funded with pre-tax dollars so distributions are fully taxable to you, the beneficiary, as regular income. As a result, tax planning is critical, particularly if you’ve inherited a large 401(k) or IRA.

Accounting 82

Accounting Retirement Distribution Taxes 82

Tobias Financial

OCTOBER 13, 2022

The sense of no control over such events can be rather frustrating. Another financial pain point that significantly impacts our budget is taxes. Whether you typically get a refund or owe a tax bill, there are several moves to consider to increase your chances of tax savings. .

Taxes 52

Taxes Tax Planning Budgeting Sales 52

FMG

FEBRUARY 22, 2023

As a refresher, some of the most popular forms of marketing include: Events Webinars Social Media Email Marketing SEO/Website Traffic Podcasts Video/YouTube PPC Read on to see real-life examples of financial advisors using some of these marketing tactics and how they worked for them. Looking to start planning events for your firm?

Marketing 52

Marketing Marketing Financial Advisor Media 52

Trade Brains

OCTOBER 16, 2024

Their funds include Active funds, Absolute Funds, Liquid Funds, Overnight Funds, Gilt Funds, Tax Plans, Large Cap, Dynamic Asset Allocation Funds, and others. 26,644 crore, Quant ELSS Tax Saver Fund’s AUM of around Rs. 9,500 crore, Quant Tax Plan AUM is around Rs. 3,936 crore. It’s Sales fell by 14.75

Manufacturing 52

Manufacturing Tax Planning Sales Distribution 52

International College of Financial Planning

OCTOBER 17, 2023

Tax Planning in Real Time Gone are the days when tax planning was an annual event. With financial planning tools available in real-time, CFP s can assist clients with efficient tax planning strategies throughout the year.

Certified Financial Planner 52

Certified Financial Planner Financial Planner Risk Tolerance Financial Planning 52

Harness Wealth

NOVEMBER 27, 2023

Core components of CAS involve bookkeeping, payroll, tax planning & compliance services customized for each client. Tax Planning and Compliance With any of the above components, tax planning and compliance will be a major area of need, particularly for newer businesses.

Accounting 59

Accounting Clients Compliance Taxes 59

Darrow Wealth Management

OCTOBER 1, 2024

This makes managing your financial affairs much easier in the event of death, incapacitation, or even a long trip overseas. Limiting access can provide estate tax planning benefits for some). In the trust document, a spouse or other family member can be a co-trustee, and you can also name a successor trustee.

Assets 93

Assets Estate Planning Distribution Fiduciary Duty 93

Darrow Wealth Management

SEPTEMBER 7, 2023

When a pre-IPO exercise is off the table At Darrow Wealth Management, we specialize in planning for a sudden liquidity event , typically from stock options following an IPO or acquisition. For individuals expecting a sudden wealth event, sometimes the potential for tax savings causes employees to lose sight of the bigger picture.

Wealth Management 95

Wealth Management Taxes Tax Planning Valuation 95

Darrow Wealth Management

MARCH 29, 2024

Taxpayers pay whichever number is higher: their tax due under AMT or the regular system. Under the regular tax system, when you exercise ISOs, it’s not a taxable event. Tax and financial planning with stock options Not every individual with incentive stock options will have tax planning options to consider.

Taxes 82

Taxes Tax Planning Planning Wealth Management 82

Harness Wealth

OCTOBER 2, 2024

And if you have questions, it can be helpful to talk to a tax professional. Know the Two Key Tax Events of RSUs Reporting RSUs on Your Tax Return Tax Forms You Need to File for an RSU Sell-to-Cover See our complete guide: Restricted Stock Units (RSUs): Everything You Need to Know What Are Restricted Stock Units (RSUs)?

Taxes 52

Taxes Sales Consulting Planning 52

Harness Wealth

OCTOBER 8, 2024

Liquidity Event: The second “trigger” is a change in corporate control event, such as an Initial Public Offering (IPO), a tender offer, or a company acquisition.

Taxes 52

Taxes Startup Consulting Planning 52

Harness Wealth

MARCH 23, 2023

Typically those conditions are timed based on a vesting schedule of three to four years, and may have an event-based condition as well (e.g. A double-trigger RSU means that two events need to occur for you to own your shares. How are restricted stock units taxed? There are two taxable events for restricted stock units.

Taxes 52

Taxes Startup Tax Planning Valuation 52

WiserAdvisor

AUGUST 31, 2023

A financial advisor can help with maximizing your retirement income through tax planning After retirement, your income sources may become limited to pensions, Social Security benefits, and investment income. A financial advisor can craft tax-efficient withdrawal strategies to minimize the tax burden on your retirement income.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

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?” The short answer to that question is often, “Everything.”

Taxes 98

Taxes Medical Distribution Accounting 98

Darrow Wealth Management

JANUARY 29, 2024

Limiting access can provide estate tax planning benefits for some). A trust can also help safeguard assets for minor children, provide for individuals with special needs, include terms if the survivor remarries, and also identify a successor trustee in the event of your disability, among other things.

Estate Planning 79

Estate Planning Distribution Taxes Wealth Management 79