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

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

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

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.

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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 Consulting 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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Taxes Retirement Consulting Financial Planning 92

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.

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Wealth Management Taxes Tax Planning Valuation 73

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 Ethics Education 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.

Taxes 52

Taxes License Education Tax Planning 52

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.

Financial Planning 52

Financial Planning Taxes Clients 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.

Taxes 52

Taxes Tax Planning Startup Portfolio 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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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 64

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.

Taxes 52

Taxes Clients Compliance Tax Planning 52

Harness Wealth

JULY 29, 2024

In addition to freezing estate tax values, this ability to exchange assets between grantor and trust is a valuable income tax planning tool as it allows a grantor to remove low-basis assets from the trust in exchange for an equivalent value of high-basis assets contributed by the grantor.

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Estate Planning Taxes Planning Tax Planning 59

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 Wealth Management Clients 78

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.

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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

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.

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Taxes Wealth Management Tax Planning Assets 53

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 Executive Compensation 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

WiserAdvisor

NOVEMBER 7, 2022

The IRS adjusts the tax brackets according to inflation. Since inflation has been at a record high this year, taxpayers will see a tax cut in 2023. The new tax brackets will be applied to the 2023 tax year. This refers to the tax return that taxpayers will file in April 2024. Estate tax exemption.

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Taxes Financial Advisor Medical Government 52

WiserAdvisor

OCTOBER 11, 2022

While these can be avoided, there is another cash outflow that can considerably lower your savings and returns and is also hard to avoid – tax. Tax planning is essential. Tax is charged on every penny you earn. Use tax-advantaged accounts. For instance, a 401k account is a tax-advantaged account.

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Financial Planning Accounting Taxes Planning 80

Darrow Wealth Management

MAY 3, 2024

In addition to asking the right questions during planning sessions, getting support from a financial advisor specializing in windfalls is key. Here are some examples of ways a wealth advisor may be able to help you manage a large windfall: Tax planning (more on that below) What’s possible after the financial windfall?

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Wealth Management Wealth Advisor Financial Planning Financial Advisor 52

Darrow Wealth Management

MAY 3, 2024

In addition to asking the right questions during planning sessions, getting support from a financial advisor specializing in windfalls is key. Here are some examples of ways a wealth advisor may be able to help you manage a large windfall: Tax planning (more on that below) What’s possible after the financial windfall?

Wealth Management 52

Wealth Management Wealth Advisor Financial Planning Financial Advisor 52

Carson Wealth

MAY 4, 2023

The intent of stock option compensation is to align the interests of the employees with that of the company: The employee’s compensation increases as the stock price increases. Stock options can be either qualified or non-qualified, and the primary difference is how they are taxed.

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Taxes Sales Planning Tax Planning 52

Harness Wealth

MARCH 11, 2024

Additionally, if the donation consists of appreciated securities or assets, the donor can avoid capital gains taxes that would otherwise arise from selling those assets. Qualified small business stock (QSBS) Qualified Small Business Stock (QSBS) refers to shares in a corporation that meets certain criteria set by the Internal Revenue Code.

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Startup Taxes Medical Retirement 59

FMG

OCTOBER 6, 2022

Whenever CRM is mentioned, it’s usually in reference to a tool that can manage customer relationships across an entire lifecycle. Many advisors approach accounting and tax planning by reviewing the past, but effective financial planning requires looking toward the future and using the data from a CRM system for accurate projections.

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Financial Advisor Clients Communication Financial Planning 83

Harness Wealth

OCTOBER 23, 2023

If you’re a CPA who works with clients on more than just annual tax returns, you’re likely already providing accounting advisory services. This emerging discipline offers a wealth of opportunities for both clients and accounting firms, and focuses on providing strategic guidance and future-focused tax planning throughout the year.

Accounting 52

Accounting Taxes Strategic Planning Estate Planning 52

Harness Wealth

OCTOBER 8, 2024

This is the earliest date you can file your federal income tax return, though you may be able to start preparing ahead of time when working with a tax advisor or tax filing software. Summary of 2025 Tax Filing Deadlines Here’s a quick reference table to help you stay on track during the 2025 tax filing season.

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Taxes Electronics Insurance Startup 52