Akim | $100M+ Family Office Manager | fff.club

Ex-HSBC risk, founder with 2 exits & leader. Managing $100M+ family office, empowering 300+ founders. Fostering finance-innovation synergy.

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

🚀 Embarking on a new journey in the Twitterverse! As an ex-HSBC risk expert and a passionate advocate for finance-innovation synergy, I'm excited to share insights, foster discussions, and connect with fellow thinkers. #FinanceInnovation #StartupMindset

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

@WorkflowWhisper Build

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

This type of corporation comes with certain restrictions, such as being unavailable to non-U.S. residents.
Don’t confuse it with the classic standard C corporation, which is popular among startups.

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

For my followers wondering what Form 1120S for corporations is - let me explain!

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

It’s the tax return for an S corporation, specifically for those of you who have an S-corp. This is the type of corporation where you’re required to pay yourself a reasonable salary, and the corporation itself doesn’t pay taxes at the company level. Instead, it issues Form K-1 to its owners to report their share of the income.

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

And finally, Tax Day - Tuesday, April 15, 2025: file C corporation tax returns (Form 1120), personal tax returns (Forms 1040, 1040NR), or request an extension if you’re unable to prepare the returns on time.
Important (!) Taxes must be paid by this date. The extension applies only to filing, not to payment.

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

The IRS will begin accepting electronic filings for business tax returns (Forms 1120, 1065 series) on Wednesday, January 15, 2025, and for personal tax returns (Forms 1040 series) on Monday, January 27, 2025.

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

Next up is Monday, March 17, 2025: file Forms 1065 for partnerships/multi-member LLCs and Forms 1120S for S corporations.

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

Global central bank and inflation update

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

@cryptogemstar I haven’t checked it in a while.
The number of unanswered messages in my Twitter inbox is overwhelming.

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

What a founder says vs what I hear:
“I had a successful exit” - “I got tired of the project and shut it down.”

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

What a founder says vs what I hear:
“We have amazing entrepreneurs on our board who help us grow” - “We had one Zoom call and put their photos on our website.”

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

What a founder says vs what I hear:
“We gained valuable experience” - “We completely messed it up.”

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

@conniefrmn @clinton_geo_ This isn’t my situation.
And the losses were caused by the market, not the blockchain.

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

I recently stumbled upon a post on r/wallstreetbets that’s both genius and absurd.
Someone is offering to get married for tax optimization. 🤯
For sure, it was a joke.
But the more I read, the more I realized: this is actually brilliant.
Let me explain why.👇

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

Moral of the story:
When life gives you $1.2M in losses, find an ally with $1M in gains and turn it into a win-win situation.
Instead of saying “I lost”, he says: “Let’s win together.”

[Akim | $100M+ Family Office Manager | fff.club @akimfff]

The funniest part: he clarifies he’s open to men, but prefers women “to avoid explaining in the future why a straight guy married a man.” 😂