The Motley Fool

SEPTEMBER 14, 2024

But to me, maybe no decision you can make when starting a new venture is more important than what legal form the business will take. You essentially have four choices for how you will legally form your business. The legal issues and potential liability are the same, so no, we don't like this option much either.

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The Motley Fool

MARCH 31, 2024

This article is intended for educational purposes only and is not legal advice. But is this legal instrument truly the optimal method for passing on your inheritance to your loved ones and your cherished causes? Common tasks can include financing the trust, revising beneficiary designations, and guaranteeing legal conformity.

Legal 190

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The Motley Fool

MARCH 14, 2024

Image source: The Motley Fool/Upsplash Just as it's sometimes possible to drop the ball on filing your federal taxes , so too might you inevitably drop the ball on your state taxes. So if you're sitting on an old tax return you know you need to submit, don't just ignore the problem. But you may be looking at costly penalties.

Taxes 130

Taxes Consulting Consultants Legal 130

The Motley Fool

JULY 15, 2023

Gather financial accounts and legal documents First, you want to gather all your parents' financial accounts and relevant legal documents (if your parents are anything like mine, this is much easier said than done). Income like dividends could also generate a tax bill. Here are four steps to guide you.

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Financing Finance Legal Debt 246

The Motley Fool

FEBRUARY 2, 2024

A living trust is a legal arrangement where a trustor (whoever creates the trust) places assets -- whether money, investments, real estate, or whatever -- in a trust to be managed by a trustee for their chosen beneficiaries. Probates are good for legal oversight, but they can be time-consuming, with many taking months or years to complete.

Legal 246

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The Motley Fool

MARCH 10, 2024

Image source: Getty Images If you want to keep more of your money in your pocket instead of sending it to Uncle Sam, you need to maximize your tax credits. Unlike tax deductions, which reduce the amount of income that's considered taxable, tax credits offer a dollar-for-dollar reduction in what you owe.

Taxes 130

Taxes Consulting Consultants Legal 130

The Motley Fool

SEPTEMBER 4, 2023

This article is intended for educational purposes only and is not legal advice. A last will and testament is indeed a useful and binding legal document, long a traditional means for allocating assets, assigning guardianship for minor children, and specifying other last wishes. But is it the best way?

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The Motley Fool

MAY 12, 2024

Roth IRAs are packed with benefits, including tax-free withdrawals during retirement. When your child reaches 59 1/2, they will be able to withdraw money tax-free from their Roth IRA. Consult with a CPA or other tax professional to ensure you stick to the rules. And anyone with earned income can contribute to a Roth IRA.

Taxes 245

Taxes Accounting Consulting Consultants 245

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. Form an LLC or other legal business entity There's no one right answer to the question of when you should form an LLC for a side hustle.

Legal 244

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The Motley Fool

JUNE 22, 2024

Proving your child's earned income can be tricky in certain situations, so you'll want to consult a certified public accountant or other financial professional to make sure you're following all the rules. Once they turn 59 1/2, all the money in the account is 100% tax free.

Financial Institutions 242

Financial Institutions Taxes Accounting Consulting 242

The Motley Fool

AUGUST 9, 2023

But that flexibility comes at a cost: Assets within a revocable trust are still considered part of your taxable estate, which means they could be subject to estate taxes. Irrevocable trusts: secure but unalterable "Irrevocable" may sound like legal jargon, but the meaning here is plain and literal. Most of us aren't.

Taxes 246

Taxes Assets Consulting Consultants 246

The Motley Fool

DECEMBER 28, 2023

You will have to cover half the cost of your employee's Social Security and Medicare taxes, which collectively add up to 7.65% of the salary you pay your worker. Finally, you need to make sure you understand all of the legal protections in place so you don't accidentally break the law.

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Consulting Consultants Legal Taxes 246

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 Capital 98

Fortune Financial

NOVEMBER 22, 2022

The clock is ticking for taxpayers who wish to minimize the taxes they will owe in the spring. The IRS does not tax what you divert directly from your paycheck into your retirement or health savings accounts. A Roth conversion will lower the Required Minimum Distributions (RMDs) from tax-deferred accounts.

Taxes 98

Taxes Education Mutual Funds Accounting 98

Private Equity Wire

APRIL 11, 2024

Hong Kong’s government is considering changes to its tax regulation in order to attract alternative investments including private credit, hybrid securities, real estate and infrastructure, according to a report by Bloomberg citing people familiar with the matter. Specific enhancement proposals will be consulted upon in due course.

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Hedge Funds Consulting Consultants Taxes 105

The Motley Fool

JUNE 30, 2024

Getting started Stashing away money in a Roth IRA might be a great option for young earners, because contributions are made with after-tax dollars while a teen is likely to be in a lower tax bracket. Consider consulting with a certified financial professional for guidance.

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Private Equity Insights

JANUARY 12, 2024

AMCE was advised by Weil, Gotshal & Manges as legal adviser, Houlihan Lokey as financial adviser, MDW Capital Partners as debt adviser, Boston Consulting Group as commercial adviser, Alvarez & Marsal as accounting and operational adviser, and EY as tax adviser. Source: Private Equity Wire Can’t stop reading?

Private Equity Firms 130

Private Equity Firms Private Equity Firms Capital Investing 130

The Motley Fool

MAY 6, 2024

Legal and regulatory issues Starting a new business is easy, right? Depending on what type of product or service you intend to offer customers, and the structure of the business you want to set up, you could be facing far more legal and regulatory hoops to jump through than you may realize, beginning with obtaining a business license.

Legal 130

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Private Equity Wire

NOVEMBER 5, 2024

CMap, a Manchester-headquartered Professional Services Automation (PSA) software business, serves customers in the Architects, Engineering & Construction (AEC) and Consulting sectors. To support this further, CMap completed the acquisition of Atvero in 2023, an AEC-focused document management software.

Private Equity Firms 98

Private Equity Firms Private Equity Firms Consulting Consultants 98

The Motley Fool

DECEMBER 24, 2023

Enterprise is a master limited partnership, which has important tax considerations Enterprise operates as a master limited partnership (MLP) , a legal structure many midstream companies choose to operate under. The tax structure of MLPs can make them appealing to income-focused investors in search of attractive dividend distributions.

Taxes 130

Taxes Depreciation Consulting Consultants 130

Walkner Condon Financial Advisors

APRIL 27, 2023

When an employee is granted stock options, they are not immediately taxed on the value of those options. If the employee holds onto the stock after exercising the options, any future appreciation in the stock’s value will be subject to capital gains tax when the stock is eventually sold.

Consulting 105

Consulting Consultants Taxes Startups 105

Private Equity Insights

JULY 3, 2023

” Palatine was advised by Lazard (corporate finance), Eversheds Sutherland (legal), Deloitte (financial), Boston Consulting Group (commercial), Swan Partners (financial consulting) and RSM (tax). Source: Insider Can’t stop reading?

Buyout 130

Buyout Private Equity Firms Private Equity Firms Consulting 130

The Motley Fool

SEPTEMBER 10, 2023

Several more states have legalized mobile gambling, and sports betting in particular. Most pro football fans want to bet Based on a survey commissioned by the American Gaming Association (AGA) and performed by Morning Consult late last month, 73.5 And it's legally allowed in plenty more places than it was just a few years back.

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Private Equity Insights

SEPTEMBER 13, 2023

Avantax shareholders will be cashed out at $26 per share and the tax-focused broker/dealer will operate as separate unit within Cetera. Avantax, the $84bn, tax-focused wealth management firm formerly known as Blucora , will be taken private in an all-cash sale to Cetera Holdings for $1.2bn.

Taxes 130

Taxes Consulting Consultants Legal 130

The Motley Fool

JULY 5, 2024

Given that your child is probably in a lower tax bracket now than they will be in the future, it makes sense to contribute after-tax dollars to a Roth IRA now in exchange for tax-free income later. If your child is still searching for income opportunities, you can help them brainstorm ways to generate income.

Taxes 130

Taxes Consulting Consultants Legal 130

The Motley Fool

SEPTEMBER 5, 2023

They can also help you avoid tax hassles and legal battles. Reduce taxes on your estate? Irrevocable trusts can protect your assets from creditors, lawsuits, and estate taxes. Your taxes Taxes can have a significant impact on your assets, and a trust can help minimize the amount you owe.

Taxes 130

Taxes Banks Assets Education 130

The Motley Fool

SEPTEMBER 21, 2024

Investment vehicles designed specifically for charitable donations provide opportunities to contribute other financial assets, including securities and property, and might also provide you with certain benefits, such as tax deductions or regular income payments. Unlike CGAs, however, CRTs require you to set up a legal trust.

Investing 100

Investing Consulting Consultants Taxes 100

The Motley Fool

JULY 10, 2024

Decide on a legal structure There are several types of business structures, and the format you choose will depend on the state in which you operate, whether you have business partners, and the overall risk of your business. Finally, an LLC, or limited liability company, creates a separate legal entity for your business.

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The Motley Fool

MARCH 17, 2024

With Ireland's low corporate tax rate, it's fairly easy for companies looking for that European presence to justify setting up a portion of their operations there. With corporate headquarters in Dublin, Accenture does benefit from lower corporate taxes. This is where Accenture comes in. In the case of Accenture, it's technology.

Companies 130

Companies Consulting Consultants Leveraging 130

Integrity Financial Planning

SEPTEMBER 11, 2023

Most retirees take the standard deduction on their taxes as opposed to choosing to itemize. [1] 1] But, as of the 2017 Tax Cuts and Jobs Act, the only way to benefit tax-wise from donations is to opt to itemize. [1] This may allow your children to itemize their taxes and reduce their tax bracket beyond the standard deduction. [1]

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Taxes Best Practices Consulting Consultants 98

The Motley Fool

MAY 23, 2024

For instance, if you're not great with social media marketing, hiring a consultant to maintain your business's page could not only free up some of your time, but drive more customers to your website. Reset your expectations It takes the average business two to three years to become profitable, according to FreshBooks.

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Consulting Consultants Legal Debt 130

Integrity Financial Planning

AUGUST 28, 2023

Making the Calculation One of the most important things to consider if you’re making the conversion to a Roth IRA is this: If you have a traditional 401(k), the money in the account is pre-tax, which means you will have to pay full income taxes on what leaves that account. [1] The post Should I Convert My 401(k) To A Roth IRA?

Taxes 95

Taxes Consulting Consultants Legal 95

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 Consulting Consultants 52

The Motley Fool

NOVEMBER 21, 2023

Professional fees You may have hired a professional to help do some market research or consulted with a lawyer before you launched your business. Tapping into professional expertise is a critical move for entrepreneurs who may need extra help navigating complex areas of their business, like accounting or small business taxes.

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Consulting Consultants Legal Accounting 130

Private Equity Wire

JANUARY 10, 2024

AMCE was advised by Weil, Gotshal & Manges as legal adviser, Houlihan Lokey as financial adviser, MDW Capital Partners as debt adviser, Boston Consulting Group as commercial adviser, Alvarez & Marsal as accounting and operational adviser, and EY as tax adviser.

Capital 75

Capital Private Equity Firms Private Equity Firms Consulting 75

Zajac Group

JANUARY 24, 2023

If your employer has granted you incentive stock options (ISOs) , you’ve likely spent time researching the tax treatment. If so, you’ve probably read about the alternative minimum tax (AMT), and qualifying and disqualifying dispositions. When you do, the sale is either a qualified or disqualified sale, and is taxed accordingly.

Taxes 52

Taxes Consulting Consultants Legal 52

Fortune Financial

JULY 5, 2022

One major thing to consider when doing so is the tax bill that may come along with it. The good news is you may be able to take advantage of a little-known tax break called net unrealized appreciation (NUA) — if you qualify. . What Is NUA? You originally paid $10 per share but they are now valued at $50 per share. Reaching age 59 -1/2.

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Taxes Assets Accounting Education 52