High Net Worth Individual Tax Services
As a HNWI, when your personal tax needs change, your tax plan should evolve to match them. Working with indinero ensures that your accounting and tax teams collaborate seamlessly with you. Together, we proactively plan, resolve tax issues, offer comprehensive tax services, and ultimately aim to save you money.
Painless, All-in-One HNWI Tax Preparation
Our business tax services combine 100+ years of experience to keep your tax season predictable and maximize your savings.
With indinero, your tax preparer works side-by-side with your accountant, so you never have to switch solutions.
Proactive Tax Strategies
We strive to anticipate how state and federal tax laws change and may impact your liability.
Plug your information into our cloud-based Tax Questionnaire, and we’ll take it from there with tax prep, review, and filing.
Our expert tax accountants ensure accuracy through multiple levels of review, leaving no stone—or deduction—uncovered.
Let Us Handle the IRS
We act on your behalf when a tax notice or audit pops up, serving as liaison to the IRS and state tax authorities, and providing you with regular updates and action plans.
Rest easy knowing our business tax software is keeping your company’s information secure, encrypted, and tax-signer authenticated.
Restricted Stock Units (RSUs)
In navigating the complexities of tax planning and compliance, High-Net-Worth Individuals (HNWIs) often encounter unique investment income types, such as Restricted Stock Units (RSUs). As a critical component of executive compensation, RSUs offer substantial growth opportunities but also present intricate tax implications.
Our tax return filing services are specifically tailored to address the needs of HNWIs with RSUs, ensuring accurate reporting and optimized tax strategies. By leveraging our expertise, we help demystify RSU taxation, from the timing of income recognition to the calculation of the tax basis, thereby maximizing your investment’s value while minimizing tax liabilities. Trust our dedicated team to provide comprehensive support and guidance through every step of your RSU taxation process, ensuring compliance and enhancing your financial well-being.
We understand the profound impact that charitable gifting can have on the community and your tax strategy as a HNWI. Philanthropy is a noble pursuit and an effective tool for tax planning, offering significant benefits under the tax code.
Our tailored tax return filing services for HNWIs are designed to optimize the advantages of your charitable contributions. We guide you through the intricacies of charitable gifting, ensuring that your donations are not only generous but also strategically aligned with maximizing tax benefits.
Indinero’s expertise extends to sophisticated charitable giving vehicles such as Charitable Remainder Trusts (CRTs) — including Charitable Remainder Annuity Trusts (CRATs) and Charitable Remainder Unitrusts (CRUTs) — and Donor Advised Funds (DAFs). These tools provide you with a stream of income and offer substantial tax savings, allowing for the deferral of capital gains taxes and providing an immediate charitable deduction.
Whether through direct donations, leveraging Donor Advised Funds, or establishing a private foundation or CRT, indinero’s expertise helps amplify the impact of your philanthropy, reducing your taxable income and enhancing your legacy. Trust us to navigate the complexities of tax-efficient charitable giving, making every contribution count for more.
ESPP re Stock Grants and ISO’s
We also specialize in navigating the complex landscape of equity compensation for HNWIs, offering unparalleled expertise in Employee Stock Purchase Plans (ESPPs), stock grants, and Incentive Stock Options (ISOs). Understanding the nuanced tax implications of these investment vehicles is crucial for HNWIs seeking to maximize their financial growth while minimizing tax liabilities.
Our team of tax professionals is adept at crafting tailored strategies that optimize the tax benefits of your equity compensation. Whether it’s determining the most opportune time to exercise ISOs, navigating the specific holding period requirements to qualify for favorable tax treatment, or efficiently managing the sale of ESPP shares, indinero’s comprehensive approach ensures that every aspect of your equity compensation is leveraged to enhance your financial portfolio. With indinero, you gain a partner committed to aligning your stock options and grants with your broader financial goals, ensuring that your investments work as hard for you as you do for them.
Roth Conversion Calculations
We take care to optimize wealth management strategies for HNWIs, with a keen focus on the nuanced benefits of Roth conversion calculations. Understanding that the transition of funds from traditional IRAs to Roth IRAs presents a unique opportunity for tax-efficient retirement planning, our dedicated team employs a sophisticated approach to evaluate the timing and amount of conversions. By analyzing your individual tax situation, current market conditions, and anticipated tax changes, we provide personalized recommendations designed to minimize your tax liabilities and maximize tax-free growth.
Our expertise extends to strategizing around the pro-rata rule, understanding the five-year rule for withdrawals, and navigating the complexities of recharacterization. With indinero’s comprehensive Roth conversion planning, clients can confidently make informed decisions that align with their long-term financial goals, ensuring a more secure and prosperous retirement.
Tax Strategy & Compliance
Your Financial Future, Handled with Care
1. Tax Planning Simplified: You’ve worked hard for your financial success. Let’s keep it that way. Our tax planning service isn’t just about numbers; it’s about understanding your unique financial landscape. We craft a tax strategy tailored to your needs, aiming to reduce your tax burden and enhance your financial growth. It’s proactive, it’s personalized, and it’s your financial future, secured.
2. Tax Preparation Perfected: Navigating tax season doesn’t have to be a headache. Our team ensures your tax returns are more than just compliant; your tax returns are optimized. We meticulously scour for every deduction and credit you’re entitled to, transforming tax preparation from a mundane task into a strategic advantage for you.
3. Tax Representation Redefined: When tax disputes arise, consider us your financial diplomats. We stand in your corner, negotiating with the IRS or state authorities. Our goal? To resolve disputes efficiently, minimizing your stress and exposure.
4. Business Tax Mastery: As a HNWI, taxes are more than an annual obligation; they’re a pivotal aspect of your wealth strategy. We offer comprehensive tax planning and management, aligning with your goals to minimize liability, and ensure seamless compliance. Think of us as an extension of your team, guiding you through the complexities of taxation.
5. Estate & Trust Tax Planning — Securing Your Legacy: Your legacy deserves careful planning. Our estate and trust tax planning services are designed to protect and preserve your wealth for future generations. We navigate the intricate tax landscape so you can focus on what matters most — leaving a lasting legacy.
What Our HNWI Tax Preparation Can Do for You
Indinero’s tax service for HNWIs has you covered by:
- Maximizing your tax deductions and credits,
- Preparing and filing all necessary federal forms,
- Tracking and classifying expenses throughout the year
- Performing asset depreciation.
Get Every Penny You’re Owed
The tax code is complicated, and rightfully so. The maze of write-offs and credits was built to incentivize asset growth and general prosperity. The result has been a dizzying amount of details for a HNWI tax service advisor to stay on top of.
Get Every Deduction
Indinero simplifies your personal (HNWI) taxes, so you know all the credits and deductions you’re entitled to. We make sure you claim every expense, even the ones you haven’t thought of.
Available tax credits change every year, and indinero makes sure we keep up to save you money.
Organize Your Assets for Success
To maximize the benefits from your tax services, careful planning is essential, extending beyond just strategic form filling. The way you manage and structure your assets significantly affects your filing process and the benefits you’re entitled to receive.
Consider Your Structure
Many High Net Worth Individuals structure their assets prioritizing convenience over efficiency. The organization of documents, asset structuring, and record-keeping are tasks many wish to avoid, yet they are crucial for effective tax management.
But these are the core of how you will engage with the IRS during tax season or in an audit. Keeping detailed records and doing so with the latest tools will make tax season much less resource-intensive. Indinero will ensure that you are well-positioned for tax time.
Beyond Tax Service
Indinero’s top-tier CFO team has deep industry experience to guide you through pivotal moments and crucial decisions.
With 100+ years combined experience, our bookkeepers, accountants and CPAs can face any unique situation you might find yourself in.
Turn your vision into a plan. Know where you are and where you’re headed with real-time financial data at your fingertips.