We are excited to announce the release of Version 2.1.71, featuring a powerful new tax strategy and important bug fixes to enhance your client experience.
New Features
New Tax Strategy: QSBS (Qualified Small Business Stock)
We're pleased to introduce the QSBS Tax Strategy, designed to help your clients maximize tax savings on small business investments. See it live in the product here!
- Investment Qualification:Determine if your client's small business stock qualifies under Section 1202 requirements, including the 5-year holding period and $50 million asset test.
- Tax Exclusion Calculation: Calculate potential tax savings on up to 10 times your cost basis in capital gains when selling qualified small business stock.
- Compliance Tracking: Monitor qualifying criteria including domestic C corporation status, active business operations, and industry eligibility requirements.
- Documentation Management: Store essential documents related to QSBS investments and maintain records for the required holding period.
- QSBS Memo Generation: Automatically generate comprehensive QSBS memos documenting the qualification analysis and tax benefits for your clients' records.
This strategy enables entrepreneurs and early investors to build significant tax-free wealth through successful small business ventures.
Bug Fixes
- Augusta Rule Strategy Links: Fixed an issue where rental rate guidance links were not displaying as clickable hyperlinks in the conversational interface, improving user navigation and access to resources.
We hope these updates enhance your ability to serve clients with complex investment scenarios. As always, we value your feedback and are committed to continuous improvement. Stay tuned for more exciting updates