Insights on tax, equity, and building wealth
Guides and analysis from the Harness team and the advisors on the platform.
409A Valuation: How it Works and Common Questions
In this guide, we explain what a 409A valuation is along with the process from start to finish of getting a valuation for your business.
What Happens to Your Stock After Your Company is Acquired?
If you’re a startup employee or founder going through an acquisition, there are numerous ways it can play out depending on the structure of the deal. In this article, we explore the factors that may impact the value of your equity resulting from an acquisition. What happens to your equity depends on many details, including the terms of the deal, your type of equity, and how long you’ve worked at the company.
IPOs to Watch in 2024
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Navigating Taxes on Employee Stock When a Company IPOs
As a startup founder or employee, going through an initial public offering (IPO) can be a rewarding experience watching your employee equity grow. But with that reward also comes navigating tax implications.
What is a Schedule K-1 Tax Form?
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Understanding Angel Investor Exit Strategies: Beginner’s Guide
These are the seven areas of your financial picture that you need to consider optimizing before year end, particularly after yet another tumultuous year.
Equity Compensation: A Guide for Founders and Employees
Equity compensation comes in various packages. In this article, we’ll define some of the most common forms of stock-based compensation issued by startups and established companies alike, including RSUs, ISOs, NSOs, and more. By understanding these concepts, you’ll be on your way to having the knowledge you need to make informed decisions about equity compensation packages, and understanding how Harness can help.
What is an 83(b) Election and Should You File One?
Navigating equity compensation can be challenging, especially when it comes to understanding tax implications. One essential tax-saving tool for startup founders and employees dealing with equity compensation is the 83(b) election. In this guide, we will provide you with a detailed understanding of the 83(b) election, including its benefits, potential risks, and the filing process, including:
Restricted Stock Units (RSUs): Everything You Need to Know
Restricted Stock Units (RSUs) are a popular form of equity compensation to retain talent. If you receive RSUs as part of a compensation package, they can become extremely valuable if your company grows, but they can also result in a tax bill once you own the stock. In this article, we’ll explain RSUs and how to best minimize your tax liability on any RSUs you may have now or in the future.
NFT Taxes: A Guide for 2024
These are the seven areas of your financial picture that you need to consider optimizing before year end, particularly after yet another tumultuous year.
What is a Tender Offer? A Comprehensive Guide for Startup Employees
In the Advisor Corner this month, Tyler Stoviak, director and client advisor at Simon Quick Advisors, shares the benefits of Qualified Small Business Stock for entrepreneurs. Simon Quick Advisors is a Financial Advisory Firm on the Harness Wealth platform.
An In-Depth Guide to DeFi Taxes in the U.S. for 2024
These are the seven areas of your financial picture that you need to consider optimizing before year end, particularly after yet another tumultuous year.
20 Tax Reduction Tips for Founders, Employees & Executives
ISOs have a favorable tax treatment on exercise, but understanding your tax obligations and how to minimize your tax burden can be complicated. Before taking any decisions around your ISOs, it's important to understand the tax consequences and how that impacts potential future profits.
Reinventing Tax Advisory: Harness Raises $17M New Capital for Advisors
ISOs have a favorable tax treatment on exercise, but understanding your tax obligations and how to minimize your tax burden can be complicated. Before taking any decisions around your ISOs, it's important to understand the tax consequences and how that impacts potential future profits.
A Guide to the 4 Types of Tax Preparers
ISOs have a favorable tax treatment on exercise, but understanding your tax obligations and how to minimize your tax burden can be complicated. Before taking any decisions around your ISOs, it's important to understand the tax consequences and how that impacts potential future profits.
Overcoming Burnout in Accounting: Strategies For Success
ISOs have a favorable tax treatment on exercise, but understanding your tax obligations and how to minimize your tax burden can be complicated. Before taking any decisions around your ISOs, it's important to understand the tax consequences and how that impacts potential future profits.
Webinar Recap: Redesign Your Accounting Practice in 2024
ISOs have a favorable tax treatment on exercise, but understanding your tax obligations and how to minimize your tax burden can be complicated. Before taking any decisions around your ISOs, it's important to understand the tax consequences and how that impacts potential future profits.
Client Accounting Services: A Guide for CPAs
ISOs have a favorable tax treatment on exercise, but understanding your tax obligations and how to minimize your tax burden can be complicated. Before taking any decisions around your ISOs, it's important to understand the tax consequences and how that impacts potential future profits.
Diversifying Services: A Guide for Solo CPAs and Growing Tax Firms
Expanding your service offerings is not just a strategy; it's a necessity for long-term success. This comprehensive guide provides actionable insights to help you diversify your services, build stronger client relationships, and run a modern, scalable tax practice.
Salaried vs Solo Tax Pros: Comparing Earnings Potential in the Industry
Explore the earnings potential of salaried versus solo careers in the tax industry, with a spotlight on rate-setting strategies and the support Harness Tax offers to solo CPAs.
Master Client Onboarding: Guide for Solo CPAs & Growing Accounting Firms
Enhance your client onboarding process with our practical step-by-step guide designed specifically for solo CPAs and growing accounting firms.
When and How to Make Your First Hire: Building a Team for Your Tax Firm
Is it time to make your first hire in your tax firm? Navigate the complexities of when to hire, what roles to consider, and how to budget effectively. Learn how Harness Wealth can be your strategic partner in scaling your accounting business.
Breaking Away From the Big 4: How to Start Your Own Tax Practice
Thinking about starting your own accounting firm? Learn how to make the transition from employee to entrepreneur, establish your firm, attract clients, and make use of the latest technology. With Harness, you have a partner you can rely on.
How to Incorporate Real Estate into Your Personal Financial Plan
ISOs have a favorable tax treatment on exercise, but understanding your tax obligations and how to minimize your tax burden can be complicated. Before taking any decisions around your ISOs, it's important to understand the tax consequences and how that impacts potential future profits.
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