Could you have paid tax twice on your equity compensation and did not know it? If your CPA was calculating your tax liability off of the 1099-B provided by the brokerage firm administering your equity compensation plan, the answer is yes…
This comprehensive guide delves into some strategies to minimize tax liabilities, helping business owners retain more of their hard-earned capital…
As we enter the 2024 Medicare open enrollment period (October 15, 2023, to December 7, 2023), we are helping break down some of the complexities of Medicare. At age 65, Medicare, the U.S. government’s health care system for seniors, is likely to appear at the top of your to-do list. …
In the ever-evolving landscape of corporate governance, executives often find themselves navigating a complex web of regulations and expectations when it comes to selling their company stock. As stewards of their organizations who are accountable to stakeholders, these executives must balance demonstrating commitment and managing their financial portfolios…
Business leaders know that due diligence — that period of fact-finding and data-gathering — is crucial to making business decisions. But due diligence is also critical when considering a job offer, particularly if it comes with an executive title…
Whether you’ve sold multiple businesses or you’re a first-time seller, initiating and navigating the sale of a business can be a complex undertaking. Small business owners want to be sure they’ve received top dollar for the business they’ve built, yet common misconceptions may be preventing them from getting it…
Many Americans save diligently for retirement, deferring a portion of every paycheck into an employer-sponsored plan or socking money away in a traditional IRA. They are counting on this money to fund their desired retirement lifestyle, but when retirement comes, many are dismayed to see a big chunk of the money eaten up by taxes…
A charitable lead trust (CLT) is an irrevocable trust designed to provide financial support to one or more charities for a period of time, with the remaining assets eventually going to family members or other beneficiaries. The trust operates for a fixed term, which could be the life of one or more individuals, and one or more designated charitable beneficiaries receive payments from the trust during that time…
You likely want your charitable donations to be as effective as possible when you give. A donor-advised fund (DAF) is a charitable investment account to support the organizations you care about. DAFs are one of the fastest-growing giving vehicles in the United States because they are one of the easiest and most tax-advantageous ways to give to charity…
One of the biggest fears heard by wealth advisors is the fear of running out of money in retirement. Even among high-net-worth individuals, this is often the primary concern. And the wealth management industry is partly to blame for this. Built on the premise of scarcity, the messaging has incited fear, leading people to die rich, but not live richly…
Considering finances as a newly single person can be overwhelming, especially if your ex-spouse had primary control over most of the finances. Divorce can be painful, but the financial aftermath doesn’t have to be. When it comes to ending a marriage, a little planning can go a long way in decreasing stress and ensuring financial confidence…
As a top executive in your company, your salary package includes both a base salary and deferred compensation, which is compensation that is set aside to be paid later. There are two types of deferred compensation: qualified deferred compensation (QDC) and non-qualified deferred compensation (NQDC)…
