The Motley Fool

FEBRUARY 23, 2024

Image source: Getty Images At this point, it's probably best to start focusing on your taxes if you haven't begun to work on your 2023 return. And when doing so, it pays to get your hands on every tax credit you're eligible for so you can reap the maximum amount of savings. Others might fear that claiming it will lead to a tax audit.

Taxes 130

Taxes Liabilities Consultants Consulting 130

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

Legal Taxes Liabilities Banks 246

The Motley Fool

MARCH 6, 2024

Image source: The Motley Fool/Upsplash Tax refunds are the prize at the end of the tedious tax-filing process, and you're not alone in wanting the largest refund possible. The average refund this tax season stands at $1,741 as of Feb. Here's what you need to know to shrink your tax refund for next year.

Taxes 130

Taxes Liabilities Consultants Consulting 130

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

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

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

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

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 Assets 105

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

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 Assets Education 98

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.

Liabilities 130

Liabilities Taxes Education Consultants 130

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

Legal Startups Liabilities Consultants 130

Private Equity Wire

FEBRUARY 18, 2025

HMRC, the UK tax authority has abandoned a controversial crackdown on private equity firms, averting a potential tax hit that could have amounted to hundreds of millions of pounds in retrospective liabilities, according to a report by the Financial Times.

Taxes 45

Taxes Private Equity Firms Private Equity Firms Liabilities 45

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

The Motley Fool

FEBRUARY 19, 2025

For those that don't know him, Samir joined CareScout in the second half of 2023, bringing a wealth of experience from financial services and strategy consulting roles at Goldman Sachs, JPMorgan, and McKinsey. We had a total estimated pre-tax statutory loss for our U.S. billion pre-tax benefit to LTC statutory income in 2024.

Liabilities 130

Liabilities Legal Taxes Debt 130

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%

Debt 130

Debt Consultants Consulting Liabilities 130

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.

Taxes 52

Taxes Education 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

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

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

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

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

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

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

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

DECEMBER 20, 2024

And third, favorability in interest expense, other income and expense and tax expense, all of which were partially offset by higher fuel prices netted to a $38 million improvement. We were not consulted. No one was consulted when this was passed. And we have nothing in the forecast for these changes, for the tax.

Securities and Exchange Commission (SEC) 246

Securities and Exchange Commission (SEC) Leveraging Debt Assets 246

The Motley Fool

MAY 1, 2024

Our AA rated financial strength represents a strong capital position, including approximately $48 billion of unrealized insurance margins over $4 billion in highly liquid assets at the end of the first quarter, a high-quality, well-diversified investment portfolio and a disciplined approach to asset liability management. billion or $3.12

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Liabilities Assets Capital 130

The Motley Fool

NOVEMBER 20, 2024

Consulting leaders like Accenture and Deloitte are taking NVIDIA AI to the world's enterprises. million developers and consultants to help clients build and run AI agents on our platform. GAAP and non-GAAP tax rates are expected to be 16.5%, plus or minus 1%, excluding any discrete items. We are launching the same in the U.S.

Securities and Exchange Commission (SEC) 246

Securities and Exchange Commission (SEC) Consultants Consulting Legal 246

Walkner Condon Financial Advisors

APRIL 26, 2024

This is especially important in states like Wisconsin, where all assets and liabilities are split 50/50 with your partner once you get married. You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions.

Financing 103

Financing Finance Accounting Education 103

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.

Taxes 52

Taxes Liabilities Consultants Consulting 52

The Motley Fool

FEBRUARY 8, 2024

Next, a change in profit before income tax for nine months and compared to the same period last fiscal year. Profit before income taxes, despite a decrease in equity method profit mainly from China due to an increase in operating profit, interest income, and other profits was increased by JPY 405.1 The change factors are as follows.

Taxes 245

Taxes Financing Finance Capital 245

The Motley Fool

JANUARY 25, 2024

Book value is the value of a company's total assets minus its total liabilities. Streamlining decision making, he proudly ignores consultant reports, he's getting it back to an operating profit. If you decide to trim the position, it definitely makes sense to identify the shares you're selling to maximize the tax consequences.

Investors 130

Investors Taxes Banks Education 130

The Motley Fool

OCTOBER 13, 2023

Revenue, pre-tax provision profit, net income, diluted earnings per common share, and ROTCE were all higher than a year ago. per share of discrete tax benefits related to the resolution of prior-period tax matters. We'll have to decide how much tax equity investing we do in renewables. billion or $1.48

Banks 246

Banks Capital Assets Collateral 246

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