Insights on tax, equity, and building wealth

Estate Planning: A Key Part of Any 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.

What is a Financial Plan, and How Do I Make One?

What can individual investors do to de-risk their portfolio despite the mechanical and psychological headwinds they face? This is where the discipline, knowledge, and experience of a financial advisor can add tremendous value.

Is Wealth Management Worth It? Understanding the ROI of Advisors

What can individual investors do to de-risk their portfolio despite the mechanical and psychological headwinds they face? This is where the discipline, knowledge, and experience of a financial advisor can add tremendous value.

Tax in Capital Markets: Unlocking Entrepreneurial Advisors’ Potential

Harness Wealth CPAs represent clients that hold crypto assets that invest long-term, actively trade, farm, stake, as well as mine. We're here to help guide you through the taxes of one of the most exciting and increasingly popular technology and investment opportunities.

Successful Tax Planning for Startups Going Through an Acquisition

Founders, board members, and employees of startups that get acquired can experience tax consequences as a result of a liquidity event. It's imperative to plan for the tax implications so you can be prepared to pay what you owe the IRS. And in some cases, you may be able to take steps to reduce the taxes that result from the acquisition, depending on the type of equity you have and the nature of the transaction.

Quarterly Taxes for Builders: Manage Equity, Crypto & VC

If you earn income from various sources throughout the year, such as equity windfalls, venture capital fund distributions, crypto investments, and sales, or small business income, you will need to pay estimated quarterly taxes. In this comprehensive guide, we'll explain what estimated quarterly taxes are, how to calculate them, and provide guidance on how to pay them on time to avoid penalties and interest charges, ensuring that all target groups are well-equipped to manage their tax responsibilities.

Maximizing Your Idle Cash: Strategies for Personal Finance Management

These are the seven areas of your financial picture that you need to consider optimizing before year end, particularly after yet another tumultuous year.

Tax Planning During Stock Market Volatility

During unprecedented periods of market volatility, emotions can run high when it comes to your investments. It can be unpleasant—indeed it is easy to panic—when the financial goals you’ve spent years working toward—a comfortable retirement or an education fund for your children or grandchildren—may seem to be at risk. COVID-19 is reminding us of that right now!

A Tax Guide for Freelancers and Small Business Owners in 2023

These are the seven areas of your financial picture that you need to consider optimizing before year end, particularly after yet another tumultuous year.

Reddit IPO: Planning ahead for 2023

These are the seven areas of your financial picture that you need to consider optimizing before year end, particularly after yet another tumultuous year.

Stripe: Navigating a Tender Offer in 2023

These are the seven areas of your financial picture that you need to consider optimizing before year end, particularly after yet another tumultuous year.

Tax Planning for Startup Founders and Employees

While it may seem premature to plan for reducing taxes as you're just getting off the ground, there are a few key tax-related decisions that are worth taking right from the beginning for many startups and their founders, given the high growth potential.

Choosing the Right Tax Service for Your Unique Needs

When it comes to taxes on equity compensation, there’s a lot to navigate. From Restricted Stock Units (RSUs) to Incentive Stock Options (ISOs), and everything in between, everyone’s situation is unique, and it can be hard to find relevant, personalized information. Traditional tax firms tend to have rigid business models that make it difficult for clients looking for one-off expert consultations or even ongoing planning services. This is where Harness Tax comes in: to provide clients with easily accessible, ad-hoc support for equity questions, as well as to help them over time through ongoing relationships with expert tax professionals who can craft a comprehensive, personalized tax strategy.

Switching Jobs and Your Startup Equity: What You Need to Know

If you're a startup employee, chances are you earn stock options or grants as part of your compensation package. It's a popular employee retention tactic, and one that, if done right, can be an excellent catalyst for generating significant wealth. But what happens when you switch jobs, either on your own accord or from a layoff or termination? Do you get to keep all your equity, or will you have to leave it all on the table? And if you get to keep it, what will it cost you? In this article, we'll go into all that and more, including:

State Residency & Tax Planning for Startup Founders and Remote Tech Workers

The widespread adoption of remote work following the Covid pandemic has provided many, including the Harness Wealth team, with increased flexibility in terms of where they can reside and work. However, it is important to keep in mind that different states and territories have varying tax laws and some may be more favorable than others. So before you set off on your big move, consider the specific tax implications of doing so. Who knows, you might even find a more tax-friendly destination along the way.

5 Tips to Set Yourself Up for Financial Success in 2023

These are the seven areas of your financial picture that you need to consider optimizing before year end, particularly after yet another tumultuous year.

Founder & CEO of Orum Stephany Kirkpatrick joins the Harness Board

As an experienced executive and entrepreneur, Stephany has spent the last decade building technology to optimize financial outcomes for individuals – first at LearnVest where she holds patents for the design of its financial planning software, and now at Orum, a B2B Fintech company that is powering faster payments.

Harness Tools: Balance Sheet

Management guru Peter Drucker is often cited for advocating that “you can’t improve what you don’t measure.” When it comes to personal finance, this mantra is also largely true. It’s nearly impossible to make the most profitable investment and financial planning decisions without having a comprehensive view of your assets and liabilities.

Harness Tools: Equity Tax Insights

Whether you’re making $50,000 or $5,000,000 of W-2 income, there are only so many actions you can take to dramatically change your tax burden. With company equity, the tax treatment of those profits can be radically different.

April 2022: What's new in Harness Wealth?

Four ways to pay less taxes on crypto

If you've made crypto investments and are looking to reduce your tax bill, here are some strategies you can employ. Partnering with a crypto tax advisor can help you implement some of these strategies.

How to Manage Equity in a Down Market

You waited patiently for years and now your company is finally public. It’s a really exciting milestone. But what happens after an IPO? Over the past few months, tech stocks have not all performed well. While it’s definitely not the result you were hoping for in the short-term, there are some silver linings to a depressed stock price that you can take advantage of.

How to Evaluate Your Equity in a New Role

You’ve worked for months to secure the perfect new job — and now you have the offer in hand. One of the most attractive components of the role is the equity. The hiring manager is telling you it’ll be worth a lot, so how do you assess what’s being offered?

The most frequent tax questions about equity compensation, answered

In this article we’ll share answers to questions that come up constantly in these sessions (you’re not alone!). If there’s anything you’d like more clarity on, join us for 1:1 Equity Tax Planning Session. You can sign up here.