Harness Wealth

JANUARY 29, 2025

Bunching strategies Bunching strategies are tax planning techniques used to maximize deductions by combining multiple years’ worth of deductible expenses into a single tax year. The Residential Clean Energy Credit offers up to 30% back on installation costs, helping reduce both your tax liability and energy expenses.

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Taxes Medical Distribution Tax Planning 52

Harness Wealth

MARCH 6, 2025

Determining the fair market value of stock options, for example, can be time-consuming, with a tax extension allowing individuals to make sure theyre maximizing the potential tax benefits of their equity compensation. Tax related products and services provided through Harness Tax LLC.

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Taxes Tax Planning Consulting Electronics 52

James Hendries

JANUARY 8, 2023

Financial wellness refers to having a happy, healthy, and relatively stress-free relationship with your finances. The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal advisor.

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Consulting Accounting Tax Planning Medical 98

Truemind Capital

JULY 8, 2024

Well, usually it starts in the last quarter of the financial year (Jan-Mar) when many employees scurry to provide investment proof to save tax outgo. Sadly, many of our last-minute decisions prove to be poor investments thereafter and hence it’s a good idea to start the tax planning exercise early on.

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Taxes Asset Allocation Tax Planning Financial Planning 64

Harness Wealth

OCTOBER 2, 2024

To attract new clients and foster long-term relationships, tax advisors could consider adopting digital marketing strategies. For example, “comprehensive tax planning” or “long-term tax strategies for small businesses” can, over time, help you attract the right visitors.

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Taxes Tax Planning Marketing Marketing 52

Harness Wealth

MARCH 27, 2025

The entity pays the state income tax, and you receive a credit. Refer to your state’s tax authority for specific deadlines. If I elect PTET for the current taxable year, will that election carry over to future tax years beginning after that year? Tax related products and services provided through Harness Tax LLC.

Taxes 52

Taxes Compliance Consulting Financial Planning 52

Indigo Marketing Agency

MARCH 24, 2023

Expertise in Tax Planning & Compliance: A CPA can help you identify tax-saving opportunities and help keep your clients in compliance with tax laws, reducing the risk of costly penalties and fees. This makes you more referable, both from a client standpoint and a professional network standpoint.

Financial Advisor 52

Financial Advisor Tax Planning Taxes Clients 52

Harness Wealth

MARCH 6, 2025

A good rule of thumb is to set aside at least 30% of every payment you receive to cover your estimated tax obligationshowever, this percentage may need to be adjusted based on your individual tax bracket. On the whole, its advisable to consult a tax adviso r to develop a dependable tax plan.

Taxes 52

Taxes Consulting Professional Services Tax Planning 52

eMoney Advisor

JANUARY 17, 2023

Do you offer tax planning as a service but manage client tax data in Microsoft Excel? If you are researching new tech and asking the vendors for references, you are barking up the wrong tree. No one ever gives out unhappy references. You catch my drift.

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Consulting Education Clients Financial Advisor 84

Darrow Wealth Management

SEPTEMBER 7, 2023

That difference might be taxed all at the same rate (regular income or capital gains) or some mix between the two and AMT depending on the situation. That said, tax planning moves done in advance can also easily be negated by a sales plan that’s too bullish. Make no mistake – this gap can equal a lot of money.

Wealth Management 82

Wealth Management Taxes Tax Planning Valuation 82

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

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.

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Wealth Management Taxes Clients Management 52

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. We’ll provide a shortlist of tax experts who specialize in your profile and needs. How does it work?

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Taxes Tax Planning Planning Accounting 52

Harness Wealth

SEPTEMBER 18, 2024

These numbers show an opportunity for tax practices to build deeper, meaningful relationships with their clients, helping them to navigate some of life’s most challenging financial decisions. And you’ll see in our Q&A below, that tax advisors can bring estate planning into the conversation early on in a client relationship.

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Taxes Clients Planning Estate Planning 52

Integrity Financial Planning

JUNE 12, 2023

Click HERE to sign up for a complimentary review of your financial strategy with us at Integrity Financial Planning to get started today.

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Retirement Taxes Consulting Financial Planning 92

Darrow Wealth Management

OCTOBER 24, 2022

Usually, to benefit from charitable giving, taxpayers need to itemize their tax deductions. Like any tax planning strategy involving charitable giving, you must be charitably inclined for it to make sense. To simplify, RMD age is often referred to as beginning the year you turn 72. Yes, you can reinvest your RMD.

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Distribution Taxes Retirement Accounting 74

Harness Wealth

APRIL 17, 2023

In this article, we’ll discuss: Who Pays the Alternative Minimum Tax? If you live in one of these states, it’s essential to be familiar with the state-specific AMT rules, and other state-level tax implications to minimize your overall tax liability. Tax services provided through Harness Tax LLC.

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Taxes Tax Planning Planning Investing 52

Steve Sanduski

SEPTEMBER 17, 2024

But what I found was that my passion is spending time with the clients and the problem solving that comes with complex estate and tax planning.” ” Megan Gorman on cultivating and growing her client base: “I think the quality of the work is what gets people to refer us.

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Financial Planning Clients Taxes Planning 52

Harness Wealth

MARCH 10, 2023

It’s crucial to accurately calculate the cost basis in order to report capital gains taxes correctly. Harness Wealth can help investors with cost-basis tracking and tax planning for portfolio companies. Tax services provided through Harness Tax LLC.

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Taxes Tax Planning Startup Portfolio 52

Harness Wealth

FEBRUARY 5, 2025

The Internal Revenue Service (IRS) adjusts FEIE exclusion amounts annually based on inflation, with the exclusion amounts for the past 5 years being as follows: Tax Year FEIE Amount 2025 $130,000 2024 $126,500 2023 $120,000 2022 $112,000 That said, the FEIE only applies to foreign earned income, with foreign passive income ineligible for exclusion.

Taxes 52

Taxes Compliance Accounting Government 52

International College of Financial Planning

SEPTEMBER 7, 2024

At its core, the CFP® Fast Track equips you with the expertise to offer sound financial advice, specializing in areas such as retirement planning, risk management, tax planning, and wealth management. By pursuing this course, you become proficient in helping individuals and companies achieve their financial goals.

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CFP Certification Certified Financial Planner Financial Planning 52

Harness Wealth

MARCH 5, 2024

It’s important to note that tax advisors include three types of tax professionals : Certified Public Accountants (CPAs) Enrolled Agents (EAs) Tax Attorneys All three may offer different fee structures depending on the services offered and their firm’s unique expertise. Tax related services provided through Harness Tax LLC.

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Taxes Tax Planning Education Ethics 52

Harness Wealth

FEBRUARY 20, 2024

Employed by law firms, corporate legal departments, or running their own practices, tax attorneys can be looked to for legal tax issues and disputes, along with comprehensive tax planning and preparation. From comprehensive planning to tax preparation, we provide expert help at every step of the way.

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Taxes License Education Tax Planning 52

Harness Wealth

SEPTEMBER 23, 2024

The Challenge: Tax Firms and CPAs Struggle to Expand Client Relationships Today, there is a significant opportunity for tax practices and CPAs to expand and deepen their tax-client relationships by offering more valuable, long-term services, including comprehensive tax planning.

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Taxes Clients Compliance Tax Planning 52

eMoney Advisor

DECEMBER 27, 2022

Accumulating wealth refers to growing investments, paying down debt, and saving for retirement. Legacy covers estate and tax planning, and business succession planning if applicable, connecting with self-actualization in Maslow’s pyramid.

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Financial Planning Planning Clients Wealth Management 78

Harness Wealth

JANUARY 29, 2025

Improper implementation may negate tax benefits or result in penalties. Tax related products and services provided through Harness Tax LLC. Registration does not imply a certain level of skill or training.

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Taxes Assets Sales Portfolio 52

Harness Wealth

JANUARY 10, 2025

Tax related products and services provided through Harness Tax LLC. Harness Tax LLC is affiliated with Harness Wealth Advisers LLC, collectively referred to as “Harness Wealth” or Harness. Make sure you keep detailed records for compliance purposes.

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Taxes Assets Media Education 52

Harness Wealth

JANUARY 9, 2025

Consulting with your plan administrator and a qualified tax advisor can help you navigate these challenges and determine whether a Mega Backdoor strategy fits into your broader financial goals. Tax related products and services provided through Harness Tax LLC.

Taxes 52

Taxes Planning Retirement Retirement Planning 52

Indigo Marketing Agency

JULY 1, 2024

Here are some innovative financial planning marketing ideas: Host workshops and webinars: These are effective ways to educate your audience on topics such as retirement planning, investing strategies, and tax planning.

Financial Planning 52

Financial Planning Planning Marketing Marketing 52

Carson Wealth

JUNE 28, 2023

Not Being Proactive with Income Tax Planning Most taxpayers learn their tax bill or refund only after completing their annual tax return. Some are more proactive and make an effort to reduce their overall tax liability by increasing charitable giving, harvesting capital losses or other methods.

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Retirement Planning Retirement Planning Distribution 52

Harness Wealth

FEBRUARY 7, 2023

If you have startup equity and need professional advice on how to best manage it, consider booking a 1-on-1 Equity Tax Planning Session with an equity-experienced Harness Tax Advisor today. Tax services provided through Harness Tax LLC.

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Startup Taxes Tax Planning Commission 52

Zoe Financial

FEBRUARY 14, 2023

Similarly, filing taxes includes many steps and details everyone needs to know about. However, once you get into the best practices, you can plan ahead and maximize your tools in preparation for every tax season. Tax planning can be overwhelming , but it doesn’t have to be. January 23 – Tax season began.

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Taxes Financial Advisor Tax Planning Planning 52

Harness Wealth

DECEMBER 30, 2024

GET STARTED Tax related products and services provided through Harness Tax LLC. Harness Tax LLC is affiliated with Harness Wealth Advisers LLC, collectively referred to as “Harness Wealth” Harness Wealth Advisers LLC is a paid promoter, internet registered investment adviser. Starting at $1,500 per year.

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Taxes Compliance Compensation Planning Financial Advisor 52

Harness Wealth

FEBRUARY 19, 2025

Tax related products and services provided through Harness Tax LLC. Harness Tax LLC is affiliated with Harness Wealth Advisers LLC, collectively referred to as “Harness Wealth” Harness Wealth Advisers LLC is a paid promoter, internet registered investment adviser. Many businesses are exempt.

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Taxes Financial Advisor Consulting Certification 52

Zajac Group

MARCH 3, 2023

Interchangeably referred to as performance awards, performance shares, or performance units, similarities among performance stock awards (PSAs) can vary greatly from there. [1] Also, as we’ll cover further down, delivery isn’t always when you might assume, which can impact your tax planning if you’re caught unaware.

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Taxes Tax Planning Planning Financial Planning 52

WiserAdvisor

JANUARY 27, 2023

Rebalancing refers to the process of realigning the portfolio’s asset allocation to reflect your current financial goals, risk appetite, and needs. Compounding essentially refers to reinvesting your profits to generate even more earnings. High-net-worth individuals fall in the highest tax brackets, which can be concerning.

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Wealth Management Taxes Financial Planner Assets 52

Harness Wealth

JUNE 5, 2024

Preferably someone holding stock options (ISOs or NSOs) with limited understanding of the tax implications of their holdings,” Kelley explains. Onboarding tax clients with ease “Client onboarding is pretty quick with Harness. Tax related services provided through Harness Tax LLC.

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Taxes Clients Planning Tax Planning 64