Problem 3:You don’t know which parcel of shares to sell for the best tax result
If you do need or want to sell your shares, you don't know which parcel of shares to sell for the best tax result. Selling the wrong parcel could make your tax position worse.
Solutions:
- Implement a personalised share scheme scoreboard
- Ensure your share scoreboard is up to date
- Know the tax position for each of the parcels
Other Problems I Solve
1
You don't plan out your tax each year
You always have a tax surprise at the end of the year. You know it must be because of your ESS or ESPP but that doesn't stop the frustrations you feel
More2
You don't set aside funds to pay for your tax
Because you don't plan out your tax each year, you don't put aside or provision funds for your future tax. Therefore, you sell shares, which creates more tax for the next year and you are now on a treadmill of lumpy tax and cash flow payments
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