The Motley Fool

MARCH 16, 2024

The good news, though, is that as a parent, you may be entitled to certain credits when you file your taxes. And that's a very good thing, because unlike tax deductions, which simply exempt some of your income from taxes, credits reduce your tax burden on a dollar-for-dollar basis.

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Taxes Consultants Consulting Liabilities 130

The Motley Fool

OCTOBER 31, 2024

LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation. The main benefits of creating an LLC include: Liability protection: An LLC protects your personal assets by separating your business and personal assets.

Legal 246

Legal Liabilities Taxes Startups 246

Integrity Financial Planning

JUNE 12, 2023

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement, based on information from sources published between 2022 and 2023.

Taxes 92

Taxes Liabilities Consultants Consulting 92

Walkner Condon Financial Advisors

MAY 31, 2024

Breathe Easier Next Tax Season with These Planning Strategies Every year, most of us smile when we see April 15th in the rearview mirror. The completion of our tax returns being filed marks the beginning of a nine month period where we don’t need to think about funny acronyms and form numbers.

Taxes 105

Taxes Liabilities Mutual Funds Capital 105

The Motley Fool

NOVEMBER 3, 2024

Cashing out is generally not a great idea as you'll pay taxes and penalties -- and decimate your retirement savings!) Pay attention to the fees Those small fees for administration, investment, consulting, and other expenses can add up faster than you might expect. Before you make the move, there are several things you should know.

Taxes 130

Taxes Liabilities Education Consultants 130

Zajac Group

OCTOBER 17, 2024

For most people, tax time can be a headache—though for earners with traditional compensation packages, it can at least be fairly predictable (W-2 wages, withheld taxes, 401(k) contribution deductions, etc.). Each taxpayer receives a copy of their K-1, which they then use to complete their own tax return.

Taxes 52

Taxes Liabilities Shareholders Accredited Investors 52

The Motley Fool

DECEMBER 22, 2023

Not only do the holidays inspire goodwill and cheer, but many people are interested in writing off their donations as we close out the tax year. But there's also a lot of confusion about charitable donations and when you can write them off for tax purposes. To write off a charitable deduction, you'll need to itemize your tax return.

Taxes 246

Taxes Exchange-Traded Funds Mutual Funds Consultants 246

The Motley Fool

JANUARY 22, 2024

But along with forming an LLC, filing annual reports for a corporation, or filing business tax returns, now there's a new one called "BOI." In most states, with just some simple paperwork and a small fee, you can set up a small business that has its own separate identity for banking , taxes, and liability purposes.

Legal 246

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The Motley Fool

MARCH 16, 2024

Image source: Upsplash/The Motley Fool At this point, many people are deep in the throes of doing their taxes. To that end, it pays to claim any tax credits you're entitled to, as they'll reduce your IRS liability on a dollar-for-dollar basis. And your goal may be to try to eke out the most savings on your return as you can.

Taxes 147

Taxes Consultants Consulting Liabilities 147

Fortune Financial

JULY 28, 2022

When you transfer most assets to a taxable account, there will be income tax, but with company stock, you can take advantage of net unrealized appreciation (NUA). . However, the tax deferral benefit comes at a cost tradeoff. Almost every dollar distributed from a pretax retirement account will be taxed at ordinary income tax rates.

Taxes 98

Taxes Accounting Capital Assets 98

Walkner Condon Financial Advisors

MARCH 16, 2023

As we are now within 30 days of the April 18 tax filing deadline (April 15 falls on a weekend and April 17 is a federal holiday), it is important to begin organizing your documents and creating a plan to file your taxes, if you have not done so already. Filing Late One of the most common mistakes is filing your tax return late.

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Taxes Education Consultants Consulting 52

The Motley Fool

JULY 24, 2023

You get tax-free distributions in retirement, which is a pretty sweet perk, even though you don't get to deduct your contributions on your taxes. You'll also avoid taxes and penalties if you withdraw your contributions (but not the investment earnings) at any time. Which option yields the better tax savings?

Taxes 245

Taxes Consultants Consulting Liabilities 245

Ballast Advisors

MARCH 17, 2023

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. However, with some advance planning and preparation, you can take steps to reduce your tax bill for the upcoming year.

Taxes 40

Taxes Consultants Consulting Liabilities 40

The Motley Fool

JULY 24, 2024

We had strong performance in software and infrastructure above our model as investment in innovation is yielding organic growth, while consulting remained below model. As we stated last quarter, factors such as interest rates and inflation impacted timing of decision making and discretionary spend in consulting.

Consultants 243

Consultants Consulting Leveraging Taxes 243

The Motley Fool

SEPTEMBER 14, 2024

The legal issues and potential liability are the same, so no, we don't like this option much either. In addition, know that with a partnership, one partner can take on a debt or liability, or sign a contract in the name of the business, and both partners are liable for it. LLC stands for Limited Liability Company.

Legal 130

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Ballast Advisors

MARCH 17, 2023

The concept of your domicile is very different from that of your residency Domicile is an important concept in determining one’s residency status for tax purposes. Taxes Matter For tax purposes, an individual’s domicile is often considered to be their state of residency for tax purposes. Residing in Florida?

Taxes 40

Taxes Liabilities Consultants Consulting 40

Hedgestone

JULY 11, 2023

As a business owner, you may be wondering if you can sell your business if you owe taxes. The answer is yes, but it is essential to understand the implications of selling a business that owes taxes. Taxes can be a significant factor in determining the value of your business, and they can also complicate the sales process.

Taxes 40

Taxes Liabilities Amortization Depreciation 40

The Motley Fool

JULY 20, 2023

Plan for the tax bill Whether you take the $516.8 million lump sum or you annuitize the $1 billion, expect to pay a lot in taxes. Lottery agencies are required to withhold 24% of prizes above $5,000 for federal taxes. Again, consult with your financial professionals about tax strategies.

Taxes 246

Taxes Consultants Consulting Liabilities 246

The Motley Fool

NOVEMBER 2, 2024

But over time, they can quickly turn from an asset to a liability. You may also want to consult an attorney, which can have its own costs. Any successful settlement could be taxed as income. Image source: Getty Images Credit cards can seem like the simplest, fastest solutions for dealing with unexpected expenses. In fact, 9.1%

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Debt Consultants Consulting Liabilities 130

The Motley Fool

MAY 8, 2024

Whether it's a graphic design consulting business, a small online craft store, a cupcake bakery, or a home-based meal prep service, a side hustle can be a great way to earn extra cash. It can offer some extra tax advantages. Image source: The Motley Fool/Upsplash So you've started a side hustle.

Legal 244

Legal Consultants Consulting Liabilities 244

The Motley Fool

JULY 10, 2024

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

Legal Liabilities Consultants Consulting 130

The Motley Fool

JANUARY 24, 2024

We entered the year intent on enhancing our Software portfolio and strengthening our Consulting position. Consulting has delivered durable revenue growth through the year despite an uneven macro environment. Consulting has delivered durable revenue growth through the year despite an uneven macro environment. We have done both.

Consultants 130

Consultants Consulting Taxes Leveraging 130

The Motley Fool

APRIL 24, 2024

We had good performance in software, at the high end of our model; continued strength in infrastructure, above our model; while consulting was below model. On a relative basis, consulting outperformed the market. Similar to last quarter, this remains weighted toward consulting. billion of operating pre-tax income, and $1.68

Consultants 130

Consultants Consulting Leveraging Taxes 130

Fortune Financial

JUNE 2, 2023

In retirement, how you distribute that company stock will play a key role in determining your tax liability for its value. NUA is a tax strategy that applies to individuals who hold employer stock within their employer-sponsored retirement plans, such as a 401(k). Let’s take a look at four key tax benefits of NUA.

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Taxes Liabilities Consultants Consulting 52

The Motley Fool

AUGUST 8, 2024

million in income tax expense and $26.7 million in income tax expense and $26.7 The impact of the inflation-driven Argentine income tax, which was not adjusted, reduced adjusted earnings by $0.03 At Escobal, we met with several Guatemalan government institutions to support ILO 169 consultation process over Q2 and into Q3.

Consultants 130

Consultants Consulting Taxes Banks 130

The Motley Fool

OCTOBER 25, 2023

In this past quarter, we saw good revenue growth in software and consulting. To bring our AI capabilities to life, we have more than 20,000 data and AI consultants, including a center of excellence for generative AI. These consultants also provide valuable real-time feedback to other product teams. We delivered $14.8

Consultants 100

Consultants Consulting Leveraging Taxes 100

Fortune Financial

FEBRUARY 4, 2024

Will you end up paying too much in ordinary income taxes for company stock in your 401(k) plan? With our deep expertise and qualifications in NUA strategies, our experts are adept at navigating the complexities of tax-efficient retirement planning. This appreciation becomes critical when considering tax implications upon withdrawal.

Taxes 59

Taxes Consultants Consulting Education 59

Fortune Financial

APRIL 11, 2024

Consult with a Fortune Financial advisor for personalized advice on maximizing the growth of your recovered funds. Tax-Efficient Management of 401(k) and ESOP After Employer Separation Efficient tax management of 401(k) and ESOP holdings post-employment is critical to help secure a financially stable retirement.

Education 59

Education Taxes Consultants Consulting 59

Tobias Financial

AUGUST 7, 2024

If an account owner fails to withdraw the full amount of the RMD by the due date, the owner is subject to an excise tax equal to 25% of the amount not withdrawn. With the finalized rules in place, beneficiaries can now better plan their withdrawals, minimize tax liabilities, and avoid penalties. Why is this clarity needed?

Accounting 52

Accounting Consultants Consulting Taxes 52

Axial

NOVEMBER 18, 2024

Let’s start by defining the terms: Your EBITDA is your earnings before interest, taxes, depreciation, and amortization. Essentially, it’s a clean snapshot — measured before any deductions, taxes, financing, and non-operational factors — that a buyer can use to understand your business’s core profitability at a specific point in time.

Consultants 52

Consultants Consulting Debt Financing 52

Fortune Financial

SEPTEMBER 25, 2023

Tax Considerations Be mindful of tax implications related to your goals. Certain investments or strategies may offer tax advantages, while others could result in higher tax liabilities. Certified Public Accountant (CPA) CPAs specialize in tax planning and accounting.

Securities and Exchange Commission (SEC) 59

Securities and Exchange Commission (SEC) Fee Structure Education Taxes 59

BlueMind

NOVEMBER 24, 2022

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.

Liabilities 98

Liabilities Assets Taxes Consultants 98

Hedgestone

JULY 13, 2023

Investors or buyers typically analyze the company’s financial statements, tax returns, and other relevant financial data to assess its performance. Assets and Liabilities The value of a business’s assets and liabilities is also taken into account when valuing the company.

Liabilities 52

Liabilities Due Diligence Assets Taxes 52

The Motley Fool

AUGUST 10, 2023

million impairment charge net of tax related to the sale of our 92.3% million net of tax for fair value adjustments on finished goods inventories that were expensed during the quarter. million in taxes paid. Our annual tax payments are typically the highest in Q1 and Q2. Maybe one last question just on the tax.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Consultants Consulting Banks 130

Fortune Financial

SEPTEMBER 25, 2023

Tax Considerations Be mindful of tax implications related to your goals. Certain investments or strategies may offer tax advantages, while others could result in higher tax liabilities. Certified Public Accountant (CPA) CPAs specialize in tax planning and accounting.

Securities and Exchange Commission (SEC) 52

Securities and Exchange Commission (SEC) Fee Structure Education Taxes 52

Hedgestone

JULY 10, 2023

It’s a crucial step in the buying and selling of businesses, and it’s also necessary for tax purposes, financial reporting, and legal matters. The Asset Approach: This approach looks at the company’s assets and liabilities to determine its value. Each of these approaches has its strengths and weaknesses.

Liabilities 52

Liabilities Due Diligence Assets Earnings Before Interest 52

The Motley Fool

NOVEMBER 8, 2024

Such programs also often include business consulting services with our approach to holistic business redesign and optimization, and experienced consulting including implementation of our gen AI interactive assistance by helping to bring AI to customer service operations across all our major verticals. to Q3 GAAP EPS. compared to $2.73

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Taxes Financial Services Consultants Consulting 130