Transition from Tax Prep to Financial Planning
Now that April 15th is behind you, post-tax season client meetings give you the opportunity to reconnect with clients and launch future planning engagements based on needs identified during tax season. Utilize resources from the PFP Section to leverage your hard work during busy season.
AICPA Issues New PFP Standards and Compliance Toolkit
Effective July 1, 2014, the AICPA’s Statement on Standards in Personal Financial Planning Services was issued to provide authoritative guidance and establish enforceable standards for members practicing in PFP.
Planning after ATRA and the Net Investment Income Tax Toolkit
ATRA and NIIT have added more complexity to planning given that you now have to navigate through a multi-layer tax system in conjunction with running multi-year scenarios to gain a clear picture of the tax landscape in order to advise your clients on virtually all of their personal financial planning decisions.
This comprehensive 1000-page, 4-volume, downloadable publication provides guidance to CPAs advising clients in estate, tax, retirement, investment and risk management matters, as well as reflects the new law and planning implications of the American Taxpayer Relief Act of 2012 (ATRA) and net investment income tax..
Save the date! The PFS Exam is a comprehensive financial planning exam that covers all of the disciplines that make up personal financial planning. 2014 PFS Exam is scheduled from December 15, 2014 - January 26, 2015.
OPL is a web-based collection of PFP guides that provides access to the information, guidance, and standards available to help members specializing in offering tax, estate, retirement, risk management and investment planning advice to individuals, families and business owners.