What are your best tax reduction strategies other than Long Term Capital Gains, 401k/IRA contributions, and donations to charitable organizations?

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HSA. Triple tax advantaged! Easy but effective.

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Yes, HSAs. Roth, Roth, Roth, every year until you retire. ETFs for taxable accounts for tax efficiency. Harvest tax losses towards end of year in taxable accounts if you have them (repurchase after 31 days if you still like the stock).

How does ETF offer tax efficiency ?

How is charity donation helpful if you are not itemizing?

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If anyone here is wondering how to best use their GI Bill... I HIGHLY recommend using the GI Bill comparison tool. Has anyone else here used it??

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Hi Fishes,

If anyone is looking to buy Life/Health insurance product please connect, we can avail good deals and discounts.

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Are my crypto profits taxed?

Well yes. Crypto is taxed like stocks & other types of property. When you sell for a profit, you are required to pay tax on the gains. It’s called capital gains tax.

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Hello guys,

How much % of salary do you save?

While mentioning %, please let us know if you are married/unmarried, pay rent or not.

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Thank you!!

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Anyone have experience between choosing between an Industry position or making the final push (manager/SM level) for partner? How did you finally decide to go one way or the other and do you have any regrets?

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I have hit my wall. I cannot do public accounting any longer. I cannot deal with the constant focus on compliance, billable hour and the general unproductive behaviors/mindsets. I remember a day when we were here to help clients. Now I just feel like we are here to bill clients. I want to go help someone build something.
Now I just need to figure out how a director with a tax background can have transferable skills to something else...

likesmartfunny

What makes you stay in public accounting? I like my boss and the teams I am on, but the hours are hard and i think I should look into private sometimes.

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I am looking for any referrals in audit/ advisory firms. I have worked in 3 of the big four audit firms and currently working in Canada in the financial services industry (head office in Boston).
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If anyone is interested in a referral to EY, I can help.

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I have a new manager working with me who is surprisingly not great at the role. We’re in industry and she’s worked at the company for a long time but in a different capacity. (Cont)

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likehelpful

How does base compensation vary across the accounting advisory roles in big 4? PWC CMAAS, EY FAAS, KPMG AAS, DT advisory. Specifically for senior managers.

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