aspect of running a small business that few people give a lot
of thought to is the way they deal with professional vendors
such as bankers, lawyers, accountants and so on. Most entrepreneurs
just dive right into their businesses without giving a second
thought to how these professionals should be treated, what they
can do for you and what they in turn look for in clients. With
a little thought and effort, you can ensure that you get the
most from these relationships.
The main thing to remember is that you need a personal relationship
with each of these people. They have the ability sometimes direct,
sometimes indirect to drastically influence the success of your
business. Your goal should be to develop a long-term, personal
relationship with each of them. If you do that, when you hit
a bump in the road, they'll be there to help you get over it.
your special skills and abilities into a profitable business
is a growing trend. Many are considering self-employment as
a viable and rewarding life choice. Concerns unique to your
particular situation need to be addressed, but issues you
should definitely include in your decision making process
yourself and your skills
Determining market opportunities
Regulations and laws affecting the business
Selecting professional advisors
Preparing your business plan
Setting fees or determining pricing
How to legally minimize paying tax
Preventing losses and wasting resources
Running a smooth operation
Our firm specializes
in the Employee Stock Option and Equity Based Compensation area.
Many employees pay far too much income tax on their stock options
without realizing it. We educate option holders on the tremendous
tax planning and savings opportunities available with their ISO's,
NQSO's and Rule 144 stock, and the steps needed to secure these
savings. Understanding which, when and how to exercise and why can
save the option holder a fortune in income taxes.
Income Tax Preparation:
We prepare the often complex tax return associated with option holders
and assure the alternative minimum tax (AMT) is handled properly
and all AMT credits are tracked and refunded.
- We keep
a running inventory of our clients' stock option position
so we can project and instruct which options to exercise,
and when. This also allows us to remain current and to consult
with our clients year round on their option and 144 positions.
- Tax Planning
- In conjunction
with our Stock Option Analysis, we guide our clients when
to pay related taxes, and often when not to pay. In addition,
how to maximize deductions and avoid AMT.
- We show
option holders a variety of exercising strategies, particularly
if the option holder desires to conserve cash.
- We help
option holders who need assistance on how and when to diversify
their portfolios away from their concentrated position into
a well rounded performing portfolio.
with Investment Advisors:
- We work
closely with the investment advisor of option holders to provide
a team approach for securing proper tax and investment decisions.