Tax Planning Archives

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Financial Wellness Employee Benefits for Startups

Amidst layoffs and IPOs in 2020, executive teams and HR leaders are reevaluating their benefits offerings in 2021 with a newly critical eye. Is your company’s employee benefit...

Liquidity Events & Equity: How HR Can Support Employee Decisions

This can be an exciting time for your organization, but if you’re a manager or HR leader, it likely means you will be facing a wave of questions from employees throughout the event about what it means for their equity and personal finances.

SPAC vs. IPO: Valuation, Lockup Period, and Employee Equity

As a founder or an employee at a company undergoing a SPAC, you should start planning as soon as you're aware the event is on the horizon. The financial impact of this event will not just be an easy windfall -- you'll have to consider the potential costs of exercising options, timing of selling shares, and the resulting tax bill before you can start thinking about how to invest your net proceeds.

Cross-state Residency Tax Considerations in 2020: The Impact of COVID-19 Work From Home

COVID-19 created many unexpected adjustments to working and moving this year. Could these changes result in additional state tax exposure and withholding obligations for individual taxpayers and business owners?

Tax Benefits of a Donor-Advised Fund

A donor-advised fund is a great way to manage your charitable giving and save on taxes. You can take a tax deduction immediately when you provide the donation. Then, the donated funds can be invested and grow tax free. Think of it as creating a sort of personal "savings account" from which you can make donations to causes you care about for years to come.

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Tax Planning for a Large Windfall or Inheritance

When you receive a large sum of money, your life can change in many profound ways. However, a financial windfall is not without consequences. One of the most immediate of those consequences is your tax liability.

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Benefits of Hiring a Professional Tax Advisor vs DIY Tax Software

Compare the benefits of hiring a tax advisor versus tax software to choose the best approach for maximizing accuracy, savings, and peace of mind.

Tax Deadline Extension: Planning for the Impact of COVID-19 (Coronavirus) in 2020

With the Coronavrius epidemic impacting the US economy, the IRS and the Secretary of the Treasury have recently announced changes to 2020’s (2019 tax year) usual deadlines.

Tax Planning vs. Tax Preparation: What’s the Difference?

Danielle McCarthy, CPA, MST explains the difference between tax planning and tax preparation, key tax optimizations you can make on your own, and how to most productively work with an accountant.

How to Optimize for the 2018 Tax Law Changes

2018 saw one of the most significant tax reforms in recent history. Not only are the personal and corporate tax brackets lower for 2018, but the standard deduction has doubled, several deductions and exemptions have either changed or been eliminated, and new credits are available. We explore what to consider in your 2018 tax year filing as well as a what to consider for the 2019 tax year that you can implement now.