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Beyond Freelancing: Building a Business from Your Freelance Skills

The Motley Fool

For example, if you own a home repair company with a partner, you may want the liability protection of an LLC, while a solo graphic designer might choose a sole proprietorship. Finally, an LLC, or limited liability company, creates a separate legal entity for your business. How much will you invest in marketing?

Legal 130
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Financial Advisor Income Statement and Balance Sheet: Template Download

Sara Grillo

For those of you who are new to my blog/podcast, hi! I am an irreverent and fun marketing consultant for financial advisors. Financial Advisor Balance Sheet Again, here I tried to map out what the typical assets and liabilities of a financial advisor practice are. My name is Sara. So please subscribe!

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3 Tax Optimization Strategies to Remember for Retirement

Integrity Financial Planning

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. 1] Many states offer tax breaks for retirement income or have no income tax, which can help you reduce your tax liabilities in retirement.

Taxes 92
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How Advisors Deal With High Net Worth Clients

BlueMind

Consequently, HNW clients usually have more than one wealth management advisor handling all of their financial concerns, be it handling their investment goals, personal liability insurance, estate taxes, or managing overseas assets. This article " How Advisors Deal With High Net Worth Clients " was first published on BlueMind Blog.

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Navigating Finances Together: A Guide for Newlyweds and Engaged Couples

Walkner Condon Financial Advisors

This is especially important in states like Wisconsin, where all assets and liabilities are split 50/50 with your partner once you get married. For more on high-yield savings accounts, check out this blog post from last year by my colleague Alicia Vande Ven. This material is intended for educational purposes only.

Finance 103
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Tax Season Is Over… For Last Year

Walkner Condon Financial Advisors

One consideration of executing this strategy is how to cover the tax liability on this conversion. Drawbacks: It is recommended that the tax liability generated by the conversion be paid with funds outside of the converted amount. This will make the converted amount taxable in the year that you transfer the assets into a Roth IRA.

Taxes 105
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7 Things You Can Do to Trim Your 2023 Tax Bill

Ballast Advisors

Reducing your tax liability can literally save you thousands of dollars Tax season can be a stressful time for many people, especially if you’re not fully prepared. Plan Your Capital Gains & Losses If you have investments, you can minimize your tax liability by planning your capital gains and losses strategically.

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