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

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

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.

Financing 246

Financing Finance Legal Debt 246

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?

Legal 246

Legal Consultants Consulting Assets 246

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

Legal Consultants Consulting Taxes 130

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.

Hedge Funds 93

Hedge Funds Consultants Consulting Investing 93

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 Consultants Consulting 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

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 Consultants Consulting 52

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

JANUARY 15, 2024

DraftKings The sports betting market will grow nearly threefold to over $230 billion by 2032, according to Acumen Research and Consulting. Governments around the world are legalizing sports betting to boost tax revenue. Within the U.S., DraftKings operates sportsbooks in 26 states. International markets also hold promise.

Legal 130

Legal Earnings Before Interest Amortization Depreciation 130

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

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.

Consultants 130

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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.

Consultants 246

Consultants Consulting Legal Taxes 246

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 Consultants Consulting 130

Walkner Condon Financial Advisors

MAY 9, 2024

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. There likely will be lawsuits to challenge the FTC’s non-compete ban, and there are some concerns that this is just the beginning and non-solicits could be the next shoe to drop.

Consultants 59

Consultants Consulting Education Legal 59

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.

Legal 130

Legal Earnings Before Interest Amortization Depreciation 130

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 Consultants Consulting Shareholders 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.

Consultants 105

Consultants Consulting 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 Consultants 130

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 Consultants Consulting Capital 52

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 Consultants Consulting Leveraging 130

The Motley Fool

AUGUST 14, 2023

Plus, Motley Fool personal finance expert Robert Brokamp and Megan Brinsfield from Motley Fool Wealth Management discuss common tax myths for digital nomads. Let's say Bill that they've brought you on as a highly paid consultants to give a PowerPoint presentation on what they should do. As of today, you can get $4.50 Bill Mann: Yes.

Taxes 245

Taxes Consultants Consulting Leveraging 245

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 Assets Banks Consultants 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]

Taxes 98

Taxes Best Practices Consultants Consulting 98

Hedgestone

JULY 11, 2023

As a business owner, you may be wondering if you can sell your business if you owe taxes. The answer is yes, but it is essential to understand the implications of selling a business that owes taxes. Taxes can be a significant factor in determining the value of your business, and they can also complicate the sales process.

Taxes 40

Taxes Liabilities Amortization Depreciation 40

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.

Taxes 52

Taxes Assets Accounting Consultants 52

Fortune Financial

MARCH 30, 2023

Your Complete Guide to 529 Plans and Tax Savings Planning for your child’s education is an integral part of financial well-being. A 529 plan provides tax-free investment growth and funds for qualified education expenses. Most states offer a state income tax benefit for residents who contribute to a 529 plan.

Taxes 52

Taxes Education Mutual Funds Accounting 52

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 Consultants Consulting Legal 95

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 65

Capital Private Equity Firms Private Equity Firms Consultants 65

Hedgestone

JULY 5, 2023

While it is possible to sell a business without a lawyer, there are many legal considerations to keep in mind, and having a trusted legal professional by your side can make the process smoother and less stressful. Having a lawyer to manage this process can ensure that everything is in order and that the closing goes smoothly.

Due Diligence 52

Due Diligence Legal Consultants Consulting 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.

Consultants 130

Consultants Consulting Legal Accounting 130

Hedgestone

JUNE 15, 2023

Unlike for-profit businesses, nonprofit organizations are exempt from paying taxes on the income they generate. Finally, it’s important to consider the legal and tax implications of selling a nonprofit business. Nonprofits typically rely on donations, grants, and other forms of funding to support their operations.

Legal 52

Legal Mergers and Acquisitions Consultants Consulting 52

Fortune Financial

JANUARY 11, 2024

Additionally, this strategy offers tangible benefits to the company, including enhanced productivity, a stronger employer brand and potential financial incentives like tax benefits. Legal Considerations Considering legal requirements is essential while analyzing employee needs.

Education 59

Education Legal Taxes Consultants 59

Fortune Financial

APRIL 11, 2024

Reclaiming these assets can be formidable, requiring individuals to wade through bureaucratic processes, trace their employment history and sometimes navigate complex legal requirements to prove ownership. Consult with a Fortune Financial advisor for personalized advice on maximizing the growth of your recovered funds.

Education 59

Education Taxes Consultants Consulting 59

Ballast Advisors

AUGUST 16, 2023

An HSA is a tax-advantaged account that enables you to save money to cover health-care and medical costs that your insurance doesn’t pay. The funds contributed are made with pre-tax dollars if you contribute via payroll deduction or are tax deductible if you make them yourself using after-tax dollars.

Accounting 52

Accounting Taxes Consultants Consulting 52

Fortune Financial

FEBRUARY 4, 2024

Will you end up paying too much in ordinary income taxes for company stock in your 401(k) plan? With our deep expertise and qualifications in NUA strategies, our experts are adept at navigating the complexities of tax-efficient retirement planning. This appreciation becomes critical when considering tax implications upon withdrawal.

Taxes 59

Taxes Consultants Consulting Education 59