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.

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Startup Taxes Risk Tolerance Consulting 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 96

Taxes Wealth Management Tax Planning Planning 96

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

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. By December, your CPA and financial advisor can help in developing a tax projection for the year. How Incentive Stock Options are Taxed 3.

Taxes 59

Taxes Tax Planning Planning Financial Advisor 59

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

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. By December, your CPA and financial advisor can help in developing a tax projection for the year. How Incentive Stock Options are Taxed 3.

Taxes 52

Taxes Tax Planning Planning Financial Advisor 52

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

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

MARCH 5, 2024

In this guide, we’ll explore the average fees of tax advisors in the US for 2024. A CPA may charge $1,250 for a household’s tax return with two W2s, startup equity income, and investment transactions. A CPA may charge a business $8,000 per month for outsourced accounting and tax preparation services.

Taxes 52

Taxes Tax Planning Ethics Education 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. However, the 83(b) election carries risks and should be carefully considered with the help of a financial advisor.

Taxes 52

Taxes Startup Wealth Advisor Financial Advisor 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

Darrow Wealth Management

NOVEMBER 5, 2024

If you invested in a startup or small business (founders, employee exercise of stock options, business owner), you need to know about qualified small business stock. If eligible, you may be able to exclude up to 100% of the gain from federal taxes when you sell your shares through the capital gains tax exclusion.

Taxes 53

Taxes Wealth Management Tax Planning Assets 53

WiserAdvisor

SEPTEMBER 8, 2023

Hasty decisions made before retirement can lead to unexpected financial troubles and compromises. You may consult with a financial advisor to understand how to prepare for retirement and the importance of adopting a prudent approach to retirement planning. Need a financial advisor?

Retirement 45

Retirement Retirement Planning Financial Advisor Budgeting 45

Harness Wealth

MARCH 9, 2023

Work with a Harness Wealth Advisor If you hold pre-IPO equity in Reddit or any other companies, Harness Wealth can match you with an experienced tax and financial advisor whose goal is to help you make the most of your equity compensation. Before you rush to any decisions, book an Equity Tax Planning Session today.

Planning 52

Planning Taxes Advertising Tax Planning 52

Darrow Wealth Management

NOVEMBER 14, 2024

For employees, federal tax withholding at exercise is typically required. When you sell the stock, there’s no required tax withholding, but you’ll still want to seek tax advice. Again, coordinate your plans with your financial advisor and CPA prior to exercising or selling stock options.

Taxes 52

Taxes Sales Wealth Management Planning 52

The Big Picture

OCTOBER 19, 2022

The transcript from this week’s, MiB: Tom Rampulla, Vanguard’s Financial Advisor Services Director , is below. He is the managing director of Vanguard’s Financial Advisor Services Division, where he began back in 2002. THOMAS RAMPULLA, MANAGING DIRECTOR, FINANCIAL ADVISOR SERVICES DIVISION, VANGUARD: Thanks, Barry.

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Financial Advisor Clients Taxes Investing 286