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If this sounds too complicated (it isn't) go to www.apa-ria.com and check out how we support advisors on the most sophisticated platform available anywhere!

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It's the difference between having a job and owning a business. Being a business owner isn't for everybody!

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First, you don’t get taxed at a 20% rate on a pass thru, you get to deduct 20% of your pass thru income. The remaining pass u income is taxed at ordinary rates. Second, there are limits to how much pass thru income can be deducted. I believe it is the lesser of total w2 income paid by the pass they Corp or 2.5% of capital expenditures for the year.

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It only works up to 315k in income married filing joint

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If you're at lpl aren't you a 1099? So you could just run your paycheck through an s Corp?

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Most FA, don’t pay anywhere close to 20% effective tax rate so it would help that much. Especially will all the extra work of being an independent. There are many in the wire house that prefer that model. They don’t want to “jump” without a safety net. Going Indy, you would be hard pressed not to make 30-40% more a year (net) form those grids but they don’t care. It’s a mind set and taxes are pretty low on that scale of making that decision.

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Wouldn’t*

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You seem to have a pretty good understanding of the taxes... we work with our CPA to minimize our taxes. We take some as W2, take as much in above line deductions, max the pass through and put the rest in tax deferred programs. One of the biggest perks is no AMT. This is an egregious tax that can go over 30% of income... we haven't paid a dime of AMT since we went Indie RIA in 2009.

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Soon to be starting at Big D as an experienced hire and looking to pick up a new language (spoken or technical) - any suggestions? Or general advice on what to brush up on before joining?

Hi!

Today I read the op-ed in LA Weekly by the Preux and Proper owner, Josh Kopel. When this group started, it was a dream of mine to meet you while enjoying a drink or a meal and build a community of people who enjoy the city and wanted to explore its food. It’s surreal to think that we have been in lockdown for this long. I know many restaurants may be struggling and if you have a favorite, a local gem, please share with us.

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12 years experience as a software developer. How much package should I expect from a MNC company(Software company) in Toronto, Ontario, Canada?

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How would you suggest dealing with a toxic boss? They gossip and seem to purposely be vague about critical information, likely so they can't be held accountable.

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How much rent amount should I pay to get maximum tax deduction?

Hello everyone! I'm currently pursuing a career switch to IB and was wondering if anyone can assist me with recommendations or referrals. It would mean a lot to me! Looking forward to connecting with everyone!

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Twice this week a student said there was a bad word on a ruler. No, that is the name of an art store.

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I just found out that my CPA failed to file my returns and submit payment on time even though they confirmed on the 18th that it was going to be filed that day. I do corporate taxes and have extremely limited experience in personal taxes. What should I be concerned about here other than the penalty and late fees for their negligence?

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Are MBB firms hiring for Dubai office?

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Hello everyone ,
I’m an insurance customer service rep currently. If you had to pick would you go w underwriting or claims adjusting as your next career path? Tell me why. Thank you :)

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How are LIC and Astoria to live in? Looking for more space and proximity to Manhattan

Any Antitrust Associates looking for a step up in pay/opportunities/brand? Market is insane for Antitrust M+A/merger review. I am working with multiple elite firms on filling positions. DM me.

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Shot in the dark: I have a condo in Boston. Willing to give someone the deal of a lifetime (aka you’ll net at least $50-80k in equity at purchase) if they can work direct without brokers. Would be for a $750k+ transaction to set expectations. I need to move to help my parents.

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1.When does appraisal happens in synechron
2.What is the appraisal cycle
3.How much avg % hike

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Hot take, for those who received a stimulus based on FY19 or FY18 returns why doesn’t the government make people pay it back in the FY20 return if they don’t qualify based on the actual tax year stimulus was for? I understand why they couldn’t wait but IrS knows who received it so it isn’t hard to implement. Could have used the anticipated saving coming back to fund more stimulus for those who truly needed it.

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I am hesitating to take lead role. But for my experience (8 YOE) I will have to take up that role at least in my next switch.

Could you please suggest me how can I come out of this fear. I am afraid of taking lead role because of below things.

1. Taking ownership for entire team deliverables.
2. Had to attend every requirement call and as well as technical review calls. (When BA is not good, need to provide acceptance criteria points).
3. Providing and justifying resource/work estimates.

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I am on notice period with Tata Consultancy with 2 months remaining with an offer in hand where the joining date is just after notice period ends. Now, I got early release from current company and thus, I saved 2 months. But I want to use these 2 months for travelling, upskilling and looking for better offers instead of contacting the new company for early joining. So, if I join the new company after 2 months will this be considered as a 'gap' in my profile in the future and will it be harmful?

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Not sure how one sleeps if this is true.

Post Photo
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What are the other websites to get opportunities in UK other than LinkedIn

Additional Posts in Financial Advisors

I hate making mistakes and I'm so hard on myself and I can't stop crying about this thing that doesn't even matter!! I know we're not saving lives here so why does it feel like the end of the world

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I have CFP but see need for more managed account in my practice. Would it be wise to get CIMA (Certified Investment Management Analyst) to obtain more knowledge and skills? Thank you.

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Need some advice bc my work and personal life intertwine. Too much sometimes. Father is my boss. Wife is adamant that when folks come over they take off their shoes. Tried to ask my family...cont

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How do you 🐠 who use Schwab or TD as a primary custodian feel about the acquisition?

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Does the bowl have thoughts on a part-time MBA?

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Does anyone have any idea how well RIA employees are paid? pecifically portfolio managers and analysts who actually run the money for the "lead advisor"

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Who here votes proxies for their client? Who here doesn't care at all?

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Anyone use a Mac for work? Can it handle Excel and PPT?

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Have a bud who was a FX trader and now unemployed. Saw him yesterday and he wants to roll over his 401k at abt 800k. Now he has some bad habits so I ignored him but now need to give him an answer.

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And finally I can sleep better for 4 days! Happy thanks giving to me! 😊🍺

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What’s your credit score and debt amount?

I don't do webinars often and am needing a more affordable alternative to GoToWebinar. Any recommendations?

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What do you do with small account referrals? We have been searching for an advisor to take on our small clients and can’t find anyone we have enough confidence in. We have set some people up at vanguard and also just told some people they were not a good fit. Ideally looking for a junior but don’t want one actually in the office.

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Any Fish who are also musicians?

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Married peeps, joint or separate checking accounts?

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Going to start a nonprofit for recovering Financial Advisors. Will have therapists, job coaches, and we'll finger paint and do yoga all day.

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Does anyone else dream about running away to live in a small cabin in the woods by themselves or is it just me?

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Is the cfp as hard as people says it is?

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I'm looking to improve my communication skills to navigate a very political environment better (i.e. I need to be more diplomatic). Any books recommendarions are appreciated 💁🏼‍♀️

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Best non-finance book you read recently that helped you in your career?

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