Leaving Your Company? By Hire or Fire – Here Are Your Top 3 Tax Considerations
[et_pb_section fb_built=”1″ _builder_version=”4.19.4″ _module_preset=”default” custom_padding=”3px|||||” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”] We’re all seeing it: It feels like every other week there’s another LinkedIn announcement of one company or another downsizing its workforce, especially in the tech industry. Which means a lot of people have already had to switch their […]
What are quarterly estimated tax payments? Should you be paying them?
[et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]In my last blog post, I talked about tax withholding. And while withholding can feel heaven-sent for most people, especially those with set, predictable salaries, it doesn’t always work for everyone. Particularly if you earn commissions, have […]
2022 Tax Prep: NQSO Taxation
I know I might sound like a typical tax accountant here, but…. I hope you’ll forgive me. ???? The year 2022 is officially in full swing, which means tax season is right around the corner! ???? Yayyy!! ???? ???? (No? Just me? Okay…. *awkwardly clears throat and gets to the point of the blog post*…) […]
Clever 2021 Year End Tax Planning Strategies
Death. And taxes. They’re the only two things that are certain in life, and *I think* you know which one we’re going to talk about here. ???? ???? Just like every year until now, tax filing is going to happen for 2021, but if you act on certain things, you could reduce the amount you […]
Start Here: Understand Cost Basis & Cost Basis Implications
Keeping it simple, cost basis is the original price you pay for an asset. It’s used as a starting point to calculate how much you earn on an asset, so the IRS knows how much to charge you for capital gains tax. Sounds pretty simple, right? In theory, yes. But in practice…. not so much. […]
How to Avoid AMT on ISO Exercise With Lower Share Prices
It’s no secret at this point: We’re in a bear market, and stock prices are going down for A LOT of companies. ???????? And while we certainly hope there’s no serious long-term damage done to investor portfolios, there is a silver lining for tech employees with ISO (incentive stock options): Because the market has fallen […]
ISO Tax Treatment: a 12-Month Plan for Optimizing Incentive Stock Options
ISO tax treatment can be a headache. ???? Seriously. If you’ve got incentive stock options with your company, you’ll know they come with their own little set of tax rules. Alternative minimum tax? Minimum tax credit? The difference between stocks held more or less than one year? It can be a lot to remember, and […]
Tax Refund or IOU, IRS? Tips for Managing Either
Tax season is upon us. Hopefully, you paid attention to my previous blog about getting prepared, and have all of your tax-related documents ready for the big tax appointment day. Don’t put it off! Even if you think you will owe money, it’s better to find it out sooner rather than later so you can […]
Preparing for Taxes: A 2020 Checklist for Tech Employees
Preparing for taxes can be a doozy of a task… and not just for accountants. Yes, while some filings are easier than others for us, you’ve still got a lot to sort out on your own before you ever come in to see someone like me. I know, I know. Unfair. Especially since most tech […]