How Quarterly Tax Payments Work

How Quarterly Tax Payments Work

Quarterly tax payments can seem intimidating, particularly in the first year that this happens for you or your household. We recommend that you think of them not just as an extra bill/hassle from the IRS, but a great opportunity to start being strategic about your overall tax plan as part of your financial goals.

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Cryptocurrency Tax and Accounting (CPA) Services

Cryptocurrency Tax and Accounting (CPA) Services

Harness Wealth CPAs represent clients that invest long-term, actively trade, as well as Mine as a Business (MaaB). We're here to help guide you through the taxes of one of the most exciting and increasingly popular technology and investment opportunities.

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83(b) Filing Deadline Extension: 2020 COVID-19 Exception for 30-day Window

83(b) Filing Deadline Extension: 2020 COVID-19 Exception for 30-day Window

If you received shares or early exercised stock options in 2020 and filed or still need to file your 83(b), there are some unique circumstances this year to take in to account.

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6 Financial Planning Optimizations to Complete Before 2021

6 Financial Planning Optimizations to Complete Before 2021

While the last two months of the year are often focused on holiday preparations and celebrations, there are five areas of your finances that you need to be reviewing in order to reduce your tax burden and maximize your financial gain before the end of the year.

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Why You Shouldn’t Wait Until Next Year to Get a CPA

Why You Shouldn’t Wait Until Next Year to Get a CPA

As much as we would like to delay thinking about tax filings, the end of the calendar year is the perfect time to evaluate whether you have the right CPA and get the right one in place. Here are the four reasons why you shouldn't wait.

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

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?

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Tax Planning for When Your Startup is Acquired

Tax Planning for When Your Startup is Acquired

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. 

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Tax Planning During Stock Market Volatility

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!

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Tax Planning for Startup Founders and Employees

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.

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Tax Benefits of a Donor-Advised Fund

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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